Fema / RBI : In the wake of 1991 wave of economic reforms FIPB was formed under the Prime Ministers Office. In 1996, it was put under the contr...
Corporate Law : With FIPB getting abolished, it is expected that foreign investment proposals will be considered by the concerned ministry in cons...
Corporate Law : The Foreign Investment Promotion Board (FIPB) is a government body that offers a single window clearance for proposals on Foreign ...
Corporate Law : PM chaired a high level meeting to discuss the FDI policy in drugs and pharmaceutical sector. The meeting was attended by Finance ...
Income Tax : Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on July 6, 2011, Government has appr...
Corporate Law : New Delhi: Investors seeking government approval for Foreign Direct Investment (FDI) will now have to obtain electronically genera...
Corporate Law : The present policy of Government of India permits 100% Foreign Direct Investment (FDI) under Government route Le. with prior appro...
Corporate Law : The Department of Industrial Policy and Promotion (DIPP) under the ministry of commerce and industry has disagreed with the Union ...
Fema / RBI : The Guidelines for calculation of total foreign investment, both direct and indirect in an Indian company, at every stage of inves...
Fema / RBI : Publication of facsimile edition of foreign newspaper would also be subject to the Guidelines for publication of newspapers and pe...
Fema / RBI : It is clarified that these guidelines will not apply for sectors/activities where there are no foreign investment caps, that is, 1...
Foreign Investment Promotion Board (FIPB), which is mandated to consider and recommend proposals relating to Foreign Direct Investment (FDI) under the government route in terms of extant FDI policy held 14 meetings during the calendar year.
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on December 3, 2010, Government has approved 08 Proposals of Foreign Direct Investment amounting to Rs. 883.166 crore approximately.
The Income-Tax department on Tuesday told the division bench of the Bombay High Court, hearing the Vodafone tax case, that approval from the Foreign Investment Promotion Board (FIPB) was critical to the $11-billion acquisition of Indian company Hutch Essar by Vodafone. FIPB is a nodal government agency that monitors foreign direct investments into the country.
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on July 12, 2010, Government has approved 18 Proposals of Foreign Direct Investment amounting to Rs. 2245.32 Crore approximately.
The Centre has not closed the window for issuing warrants and partly-paid shares to non-residents even as the recently announced consolidated FDI policy framework excluded these instruments from the definition of “capital”, a senior Government official said.
The government has decided to allow Indian companies to freely enter into share-swap deals with foreign firms to facilitate cross-border mergers and acquisitions, provided such deals are consistent with the country’s policy on foreign direct investment (FDI).
Recently, the Government of India released the consolidated policy framework for Foreign Direct Investment (‘FDI’) in India. This policy framework contained in Circular No. 1 of 2010 is effective from 1 April 2010. The underlying rationale of the Circular is to promote FDI through a policy framework that is transparent, predictable, simple and clear and which reduces regulatory burden.
The government’s key body on foreign investments has rejected Jaipur IPL’s proposal to induct foreign equity into the company. The decision by the Foreign Investment Promotion Board (FIPB) creates problems for the shareholders of the Indian Premier League franchisee that owns the Rajasthan Royals team, but experts say it will not affect the functioning of the company.
Government may soon ask companies with less than 50 per cent foreign equity to seek approval of the Foreign Investment Promotion Board to make any downstream investment.
The present policy of Government of India permits 100% Foreign Direct Investment (FDI) under Government route Le. with prior approval of Foreign Investment Promotion Board (FIPB) in the manufacture of Cigars & Cigarettes, subject to obtaining industrial license under the Industries (Development & Regulation) Act, 1951.
