https://www.taxtmi.com/news?id=13330 The amendment raises the defence sector FDI cap and makes the cap composite of all foreign investments, retains Government route scrutiny beyond the permitted threshold with CCS approval for cases involving access to modern technology, and requires Indian ownership and control up to the prescribed limit. It mandates Indian majority management and a resident Chief Security Officer, obliges disclosure of directors and executives, permits prototype imports, prescribes security and quality assurance procedures, and restricts domestic sale of arms and ammunition subject to prior defence approval. en-us Tue, 26 Aug 2014 18:15:12 +0530 Wed, 27 Aug 2014 09:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13330 The amendment raises the defence sector FDI cap and makes the cap composite of all foreign investments, retains Government route scrutiny beyond the permitted threshold with CCS approval for cases involving access to modern technology, and requires Indian ownership and control up to the prescribed limit. It mandates Indian majority management and a resident Chief Security Officer, obliges disclosure of directors and executives, permits prototype imports, prescribes security and quality assurance procedures, and restricts domestic sale of arms and ammunition subject to prior defence approval. News - Tue, 26 Aug 2014 18:15:12 +0530 https://www.taxtmi.com/news?id=13330