https://www.taxtmi.com/highlights?id=68769 Foreign Direct Investment Policy - permit foreign investment by a foreign airline - PIL against approving M/s Air Asia Investment Ltd. (a Malaysian Company) to incorporate a new Joint Venture Company with foreign equity of 49% amounting to USD 15 Million and the balance 51% equity share was to be held in the ratio of 30% by M/s Tata Sons Ltd. and 21% by M/s Telestra Trade Pvt. Ltd. - In view of the fact that there is no foreign investment as of today, the prayers made in the writ petition have become purely academic. - HC en-us Fri, 17 Mar 2023 10:39:32 +0530 Fri, 17 Mar 2023 10:39:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=68769 Foreign Direct Investment Policy - permit foreign investment by a foreign airline - PIL against approving M/s Air Asia Investment Ltd. (a Malaysian Company) to incorporate a new Joint Venture Company with foreign equity of 49% amounting to USD 15 Million and the balance 51% equity share was to be held in the ratio of 30% by M/s Tata Sons Ltd. and 21% by M/s Telestra Trade Pvt. Ltd. - In view of the fact that there is no foreign investment as of today, the prayers made in the writ petition have become purely academic. - HC Highlights FEMA Fri, 17 Mar 2023 10:39:32 +0530 https://www.taxtmi.com/highlights?id=68769