https://www.taxtmi.com/news?id=16506 The Government approved one FDI proposal permitting a share swap whereby non resident shareholders of Janalakshmi Financial Services Limited will be issued shares in Jana Capital Limited in lieu of JFS shares, affecting the NBFC sector. Several other proposals were deferred for further consideration, four were rejected for seeking full foreign ownership or post facto approvals, two did not lie before the FIPB, and three were withdrawn by applicants. en-us Thu, 11 Aug 2016 14:10:20 +0530 Thu, 11 Aug 2016 14:10:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16506 The Government approved one FDI proposal permitting a share swap whereby non resident shareholders of Janalakshmi Financial Services Limited will be issued shares in Jana Capital Limited in lieu of JFS shares, affecting the NBFC sector. Several other proposals were deferred for further consideration, four were rejected for seeking full foreign ownership or post facto approvals, two did not lie before the FIPB, and three were withdrawn by applicants. News - Thu, 11 Aug 2016 14:10:20 +0530 https://www.taxtmi.com/news?id=16506