https://www.taxtmi.com/news?id=16265 Two FDI proposals were approved by FIPB: grant and exercise of ESOPs to non-resident employees of a pharmaceutical company, and approval for a company to act as an investing company for certain dormant or software-related subsidiaries. One proposal was recommended to CCEA for approval concerning an acquisition and reverse merger via share swap. Three proposals were deferred for further clarification and seven were rejected; one proposal was found not to lie before FIPB. Affected sectors include pharma, investing company transactions, telecom, power exchange, trade and distribution, publishing, NBFC, IT/ITES and wholesale trading. en-us Tue, 14 Jun 2016 18:49:03 +0530 Tue, 14 Jun 2016 18:49:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16265 Two FDI proposals were approved by FIPB: grant and exercise of ESOPs to non-resident employees of a pharmaceutical company, and approval for a company to act as an investing company for certain dormant or software-related subsidiaries. One proposal was recommended to CCEA for approval concerning an acquisition and reverse merger via share swap. Three proposals were deferred for further clarification and seven were rejected; one proposal was found not to lie before FIPB. Affected sectors include pharma, investing company transactions, telecom, power exchange, trade and distribution, publishing, NBFC, IT/ITES and wholesale trading. News - Tue, 14 Jun 2016 18:49:03 +0530 https://www.taxtmi.com/news?id=16265