fIi'2AM1>URAM
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Notice dispensed
R3~Ser\/ed) A '
xeee
This ram is fiied under Seotiiron 96"'of'ce':: aigaiiinst ... 85o7/zooe dismissing the suit,
Voiairjiit.ivff fiied the present appeai.
#2"; The parties would be referred to as per their
investments can be liquidated at very short notice and repatriated immediately. The FIIs in fact are rather like financial tourism. They can come ... country afford this? The fact is that the funds under FIIs generally flow into a secondary market. Therefore, they may not specifically ensure availability
alert for the economy.
Similarly, there is a massive increase in FII inflow into India. Where is the increase in FDI inflows? FII money comes ... coming in. We would be happy if, as a result of FII interest in our Stock Market, there were to be a corresponding boom
officio. Thus it is weii estabiished that if a suit was
vaiidiy fiied and the Court had jurisdiction to entertain
it on the date
principle requires us to ascertain whether the purchase of shares
by a FII in exercise of the power in the memorandum of
association/trust deed ... mention that regulation 18 of the SEBI Regulations enjoins
upon every FII to keep and maintain books of account
containing true and fair accounts relating
Assessee's transactions with the top ten
Foreign Institutional Investors ('FIIs) as comparable to the
controlled transactions for the purpose bose of benchmarking ... Assessee
with the associated enterprises vis-a-vis top ten FIIs.
8. The CIT(A) has erred in not allowing the adjustment in
accordance with
Assessee's transactions with the top ten
Foreign Institutional Investors ('FIIs) as comparable to the
controlled transactions for the purpose bose of benchmarking ... Assessee
with the associated enterprises vis-a-vis top ten FIIs.
8. The CIT(A) has erred in not allowing the adjustment in
accordance with
rulings by number of foreign institutional investors (FII) who had invested in shares and
securities in large number of Indian companies. The investments were made ... Authority then examined the facts
relating to Investments made by these FIIs; AAR went through the Articles of Trust Deeds
of these entities; considered
company on issue of preferential
allotment of equity shares to FIIs as under:-
Name of FII No. of equity shares Amount (Rs)
Elara India ... substantially funded out of proceeds of preferential
allotment of equity shares to FIIs. The equity issue was made after obtaining
approval from the Government