Guidelines pertaining to approval of foreign/technical Collaborations under the automatic route with previous Ventures/tie-up in India.

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....l of foreign/technical Collaborations under the automatic route with previous Ventures/tie-up in India. The Government has reviewed the guidelines notified vide press Note 18 (1998 Series ) which stipulated approval of the government for New proposals for forgin investment/technical collaboration where the Foreign investor has or had any previous joint venture or technology transfer/ Trademark a....

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..../trademark agreement in the same field prior approval of the Government will not be required in the following cases: a. Investment to be made by venture capital founds registered with the Security and Exchange Board of India (SEBI) b. where in the exsting joint-venture Investment by either of the parties is less than 3%' or c. the existing venture/collaboration is defunct or sick. (iii) In s....