https://www.taxtmi.com/news?id=904 Government approved 21 FDI proposals totaling approximately Rs. 84.90 crore across multiple sectors, involving equity acquisitions, WOS formation, joint ventures, FC approval amendments and fund investment arrangements. Several approvals referenced Press Note 1 of 2005. Fourteen proposals were deferred for issues including ex-post-facto regularisation, instrument conversions, increases in foreign equity and capitalization relaxations. Seven proposals were rejected where requested amendments or exemptions to existing approvals were not granted. One proposal was noted as not requiring fresh approval for downstream investment under the relevant Press Note provision. en-us Wed, 01 Jul 2009 15:49:28 +0530 Wed, 01 Jul 2009 15:49:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=904 Government approved 21 FDI proposals totaling approximately Rs. 84.90 crore across multiple sectors, involving equity acquisitions, WOS formation, joint ventures, FC approval amendments and fund investment arrangements. Several approvals referenced Press Note 1 of 2005. Fourteen proposals were deferred for issues including ex-post-facto regularisation, instrument conversions, increases in foreign equity and capitalization relaxations. Seven proposals were rejected where requested amendments or exemptions to existing approvals were not granted. One proposal was noted as not requiring fresh approval for downstream investment under the relevant Press Note provision. News - Wed, 01 Jul 2009 15:49:28 +0530 https://www.taxtmi.com/news?id=904