FDI Compliance Dispute: Township Development Delayed, Non-Compliance Allegation Premature Due to Business Commencement Delay.

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....Foreign Direct Investments (FDI) - Non-compliance of the condition of minimum capitalization - Since the business of development and construction of township could not be commenced due to the action of the respondent, the period of compliance with the condition had yet to commence. The allegation is, therefore, premature and, therefore, the question of contravention does not arise.....