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
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
companies. Approval of the Foreign
Investment Promotion Board of the Union Government (FIPB) was
obtained in November 2004 and of the Reserve Bank in December ... entire shareholding in HEL ('Tag along rights').
Application to FIPB :
22. On 20 February 2007, VIH BV, filed an application with
the Foreign
planning, design, civil engineering and construction
management (hereinafter referred to as "FIPB approval").
22. Mr. Bhagat submits that the very incorporation ... India
would automatically result in the invalidation of the FIPB approval from
the date of the said violation. Since the FIPB approval granted
