This appeal relates to the alleged irregularities in Foreign Investment
Promotion Board (FIPB) clearance given to the INX Media for receiving
foreign investment ... India; and (vii) other
unknown persons for the alleged irregularities in giving FIPB’s clearance to
INX Media to receive overseas funds
HMTL/HEL. This was with the approval of RBI and FIPB.
The ownership of the said holding company, i.e.,
4
HMTL/HEL was consolidated ... applied for approval to FIPB. This
application was made pursuant to Press Note 1 which
applied to the acquisition of an indirect interest
This appeal relates to the alleged irregularities in Foreign
Investment Promotion Board (FIPB) clearance given to the INX
Media for receiving foreign investment ... under:- In 2007, INX Media Pvt.
Ltd. approached Foreign Investment Promotion Board (FIPB)
seeking approval for FDI upto 46.216 per cent of the issued equity
phase, a glass coating operation with advance technology. We intend to seek FIPB approval for this expansion.
Therefore, given Modi Rubber's obvious constraint ... Finally, Modi Rubber also understands that Guardian is seeking FIPB approval under Press Note 18 and Press Note 1 for this planned expansion.
As such
FEMA]. The
assessee obtained approval from Foreign Investment Promotion Board
[FIPB] for foreign direct investment [FDI] to the extent of 50% of its share
capital ... assessee was categorized as operating company for the
purposes of FIPB and FEMA. Subsequently, the assessee made
investment in shares of its wholly owned subsidiary
Government of India and the Foreign Investment
Promotion Board (FIPB) allowing Foreign Direct Investment (FDI)
WP(C) 5909/2013 Page 1 of 18
proposal ... investigate into the role and functioning of Government of India and the
FIPB leading to the impugned decision dated 3rd April, 2013.
2. Notice
approval of the Foreign Investment Promotion Board (hereinafter referred to as `FIPB') for setting up the Company was given on 12.2.1996, inter alia ... invested $2 million in initial capital as required by the FIPB approval. At this time the situation needs to be corrected and we need
foreign investor, i.e., Respondent No. 4 and it had applied to FIPB approval also because it intended 100% control of the company. According ... wrong in allotting 51% shares to respondent No. 4 and waiting for FIPB permission for 100% control of respondent No. 2. The respondents
Industry; Secretariat for Industrial Approvals; Principal Secretary to the Prime Minister, Chairman, Fipb - Foreign Investment Promotion Board; and Union Finance Minister, and the seventh ... leader in razor blade industry. The application was addressed to the Chairman, Fipb, and was filed in terms of the industrial policy dated 24 July
rejecting the transfer pricing analysis undertaken by the
appellant by considering the FIPB approval as comparable uncontrolled
price ('CUP');
4. Erred in violating ... Private
Limited I.T. Act Nos 1807 of 2013 has held that FIPB approval is a valid
CUP for benchmarking purposes;
5. Erred
