acquire a further 15%
shareholding interest in HEL, subject to relaxation of FDI
Norms. In short, the Revenue seeks to tax the capital gains
arising ... Press Note 5 was issued by the
Government of India enhancing the FDI ceiling from 49% to
74% in telecom sector. Under this Press Note
present matter, the same is elaborated as follows:
16.1 That the FDI Policy and the statutory FEMA Regulations (which
incorporate the FDI Policy ... Schedule thereto), permit FDI in townships,
construction of houses, only by way of equity investments (which is defined
to also include debentures which are compulsorily
Ethics prohibiting advertisement and fee sharing are
flouted. The MAFs also violate FDI policy in the field of accounting,
auditing, book keeping, taxation and legal ... apart from other violations, have
indulged in violation of Foreign Direct Investment (FDI) policy,
Reserve Bank of India Act (RBI)/ Foreign Exchange Management
these Press Notes, the policy of Foreign Direct
Investment (FDI) in Single-Brand Product Retail Trading, Multi-Brand
Retail Trading, Air Transport Services, Broadcasting Carriage ... carefully considered the
submissions of the petitioner and intervenor that the impugned FDI
Policy is not founded on any material obtained from the government
agency
case whether or not
funds brought in India declaring them as FDI as per RBI and FEMA
Act can be characterized as equity ... convertible debentures (CCDs) which are actually Equity capital in
nature of FDI as per RBI guidelines."
9. The grounds raised by the assessee
Hubtown Limited vs Idbi Trusteeship Service Limited on 24 October, 2016
Author: Anoop V. Mohta
India and the Foreign Investment
Promotion Board (FIPB) allowing Foreign Direct Investment (FDI)
WP(C) 5909/2013 Page 1 of 18
proposal in favour ... prohibit the respondents from taking any action contrary to the applicable
FDI policy as per Press Note No. 6 of 2012 read with Directorate General
Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 (in
short „FEMA FDI Rules‟) as also violates the provisions of the Companies
Act, 2013 since ... FCPL SSA, as claimed by Amazon is violative of the FEMA FDI
Regulations and SEBI (Substantial Acquisition of Shares and Takeovers)
Regulations, 2011.
Signature
APPL. 7332/2022 (for stay)
BLACKSTONE CAPITAL PARTNERS (SINGAPORE)
VI FDI THREE PTE. LTD. ..... Petitioner
Through: Mr. Porus F. Kaka, Senior Advocate along
with ... Assessment Year
2014-15, the petitioner-Blackstone Capital Partners (Singapore) VI FDI Three Pte.
Ltd. acquired equity shares of Agile Electric Sub Assembly Private Limited
wisdom not permitted foreign direct investment ( for short, `FDI' ) in retail trade. On this, there is no dispute. FDI has been permitted in wholesale ... para 8 of the guidelines in respect of trading business, 100% FDI is permitted in case of trading companies for cash and carry wholesale trading
