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
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
foreign investment in telecomm sector was regulated by
Foreign Investment Promotion Board, (FIPB) Ministry of Finance,
Government of India, the Bycell Holding AG, Switzerland applied ... business of Telecom Services in
India. The said approval was accorded by FIPB vide letter dated
17.01.2006. Later on, the assessee filed another application dated
vide letter no.
F.N.159/FC/2013(FIPB) dated 12.03.2014 wherein the FIPB
proposal filed by M/s Prism Informatics Limited has been
examined ... Antleg Cypurs Limited, the board rejected the proposal
or FIPB.
In view of the above additional information available on record
I have reason to believe
totality and it is submitted to the Foreign Investment
Promotion Board [FIPB], Reserve Bank of India [RBI] for their information
in accordance with the prevailing ... major shareholder, but on account of
the restrictions imposed by the FIPB meant for insurance sector, it
has to contend with a stake
regard to investment made by
foreign enterprise, CUIH was allowed by the FIPB vide letter dated
18.03.2016 to increase its share holding ... under:
"Government of India
Ministry of Finance
Department of Economic Affairs
FIPB
-------
North Block, New Delhi
Dated 18.03.2016
To,
Aviva Life Insurance Company India
manufacturing electrical equipments, pursuant to approval dated 31st August, 1994 granted by FIPB. The said approval was taken by Schneider, allegedly without disclosing to FIPB ... company as required under Press Note No.18 of 1998 issued by FIPB. Under the Press Note No.18 issued by FIPB, foreign companies having
been received
after obtaining statutory approvals from the Foreign
Investment Promotion Board (FIPB) and therefore, the
genuineness of the transaction is beyond doubt. He
further ... share subscription cum
Shareholders Agreement which had been
submitted to the FIPB and it is pursuant to this
agreement that the amount has been received
been received
after obtaining statutory approvals from the Foreign
Investment Promotion Board (FIPB) and therefore, the
genuineness of the transaction is beyond doubt. He
further ... share subscription cum
Shareholders Agreement which had been
submitted to the FIPB and it is pursuant to this
agreement that the amount has been received
been received
after obtaining statutory approvals from the Foreign
Investment Promotion Board (FIPB) and therefore, the
genuineness of the transaction is beyond doubt. He
further ... share subscription cum
Shareholders Agreement which had been
submitted to the FIPB and it is pursuant to this
agreement that the amount has been received
