...and without any authority of law. By these press notes, the policy of foreign direct investment (FDI) in single-brand product retail trading, multi-brand retail trading, air transport services.... We have carefully considered the submissions of the petitioner and the intervenor that the impugned FDI Policy is not founded on any material obtained from the government agency and no extensive...consultation was made before formulation of the impugned Policy.9. In the counter-affidavit filed by the Union of India, the benefits of FDI in multi-brand retail have been...

...:16.1. That the FDI Policy and the statutory FEMA Regulations (which incorporate the FDI Policy as a 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 required to be converted into equity: CCDs). The FDI Policy and the FEMA Regulations prohibit any other form of investment.../fixed return, which was and is not permissible under the FEMA Regulations/FDI Policy. To enable FMO to bypass/circumvent the said FEMA/FDI prohibitions and get a fixed return of 14.5% per annum on its...

...on 28thNovember, 2015 complaining of violations of the provisions of Foreign Exchange Management Act, 1999 (FEMA) and the FDI Policies framed by the Department of Industrial Policy and...companies/ websites who are directly/indirectly carrying out the business activities in E-Commerce Retail sector in India, in violation of the extant FDI policy/FEMA...Government of India has clarified the FDI Policy. In the counter affidavit which has been filed by the respondent no.2 (at page 454), it is stated that the Government of India has since put in place a strong...

...upon or in furtherance of the impugned decision dated 3 rd April, 2013; (ii) to prohibit the respondents from taking any action contrary to the applicable FDI policy as per Press Note No. 6 of 2012...; (iii) mandamus directing the respondents to define the terms "substantial ownership" and "effective control" and the meaning to be ascribed to them under the FDI Policy as per Press Note 6 of 2012.... 4. The case of the petitioner is - a) that as per the Consolidated FDI Policy effective from 10th April, 2012 announced by the Department of Industrial...

...Promotion of Industry and Internal Trade, Ministry of Commerce & Industry, O/o Director / RTI, FDI Policy / Cell, Vanijya Bhawan, New Delhi...this regard, it is informed as under: 2.1: As per the records available with FDI (Policy, Facilitation and Data) section, the information sought under... formulation of FDI Policy, publication of FDI inflow data and facilitation of FDI proposals filed by the applicant on Foreign Investment Facilitation (FIF) Portal since June...

..., 6.2.11, 6.2.11.1 and 6.2.11.2 of the Foreign Direct Investment (FDI) Policy and clauses 2 (ii), 3, 4 , 5, along with Schedule -I and Annexures A and B to the said Schedule of the FEMA Regulations and also...the Reserve Bank of India (RBI) Circular No. 86 dated 9thJanuary, 2014 in support of his contention that the FDI policy and the statutory FEMA Regulations (which incorporate the FDI Policy as...purpose of which was to enable FMO to secure a fixed rate of return on its FDI investments in townships/construction of housing, notwithstanding the FEMA Regulations/FDI policy, which permit only an equity...

...(FDI) Policy and clauses 2 (ii), 3, 4 , 5, along with Schedule -I and Annexures A and B to the said Schedule of the FEMA Regulations and also the Reserve Bank of India (RBI) Circular No. 86 dated...9thJanuary, 2014 in support of his contention that the FDI policy and the statutory FEMA Regulations (which incorporate the FDI Policy as a schedule thereto) permit FDI in townships...of return on its FDI investments in townships/construction of housing, notwithstanding the FEMA Regulations/FDI policy, which permit only an equity investment without any fixed/agreed rate of return in...

...the Companies are covered under 100% automatic route as detailed below and verified from attached FDI Policy 2012. In this regard the relevant provision of the FDI Policy, 2012 of the Govt. of India...transferor company or the transferee or the new company is not engaged in activities which are prohibited under the FDI Policy”This it is clear from the above that the only condition...which is required to be followed is that the allotment shall not exceed sectoral cap and the companies should not be engaged in prohibited category under the FDI Policy. In the present case the Transferor...

...violation or breach of FDI Policy/FDI Regulations and that present three PILs are filed mala fide and out of vendetta against Future Generali and against Shri Girish Kulkarni.7. Before we...Commerce and Industry, Government of India issued FDI policy. There is no dispute about the fact that at the relevant time, no FDI could be made by a non resident company in the Insurance Sector in excess...issued to persons resident outside India under the FDI Policy, shall not be less than-a. the price worked out in accordance with the SEBI guidelines, as applicable, where the shares of...

...Consolidated FDI Policy (effective from 15th October 2020) and the Press Note No. 3 (2020 Series) dated 17th April 2020 issued by the Department for Promotion of Industry and Internal Trade (FDI Policy Section...

...requirements under the FDI policy and SOP, the same can be considered in accordance with law. Paragraph 1 1 994 Supp (3) SCC...the Consolidated Foreign Direct Investment Policy dated 15.10.2020, as amended from time to time (FDI Policy) including cases for post-facto approvals are required to be submitted on the... online portal [now National Single Window System (NSWS)] in terms of the guidelines and requirements under the FDI Policy and Standard Operating Procedure for processing FDI...

...company SPPIN Ltd. registered in the Cayman Islands. It is, inter alia, alleged that the complex restructuring is in contravention of the FDI policy.3. The Informant has further...small businesses and thus, this amounts to predatory pricing and unfair trade practice under Section 4 of the Act. Such tactics of deep discounting are also alleged to be in violation of FDI policy. Thus...consumer preferences will be available to Shopee to use it to its advantage.’ Moreover, it has been alleged that as per its privacy policy, the data generated from Indian citizens is stored outside India by...

...received through this non-resident foreign company and subjected to FDI policy and Foreign Exchange Regulations issues by the RBI. It was stated that the FDI policy and Foreign Exchange Rules have been...

.... . On merits, it is submitted on behalf of the Respondents that the Respondents have not committed violation or breach of FDI Policy/FDI Regulations and that present three PILs are filed mala...Industry, Government of India issued FDI policy. There is no dispute about the fact that at the relevant time, no FDI could be made by a non resident company in the Insurance Sector in excess of 26%. The... "3.4.2 Issue price of shares - Price of shares issued to persons resident outside India under the FDI Policy, shall not be less than...

...: To prohibit FDI in manufacturing of cigarettes and to include the activity in the list of activities prohibited for FDI. Case No. CIC/SS/A/2013/000846 Reason and Basis: This would bring the policy in...line with the administrative decision not to grant industrial license for cigarette manufacturing. It will also align the FDI policy with the existing legislation on the Tobacco control to a greater..., Department of Industrial Policy & Promotion (DIPP), New Delhi for denial of information in response to his RTI-application dated 25.10.2012. The appellant was absent whereas the respondent were...

...the Foreign Direct Investment Policy (FDI) Policy of the Government of India and also contrary to the guidelines laid down by Respondent No.3, the Nodal Ministry, i.e., the Union Ministry of Civil... direction of similar nature to prohibit the Respondent authorities from taking any action contrary to the applicable FDI policy as per Press Note No. 6 of 2012 read with...Respondent No.4/Ministry of Commerce & Industry from taking any action or decision or granting any further approvals/permission/NOC/ permits etc. contrary to the FDI Policy based upon or in reliance...

...subsisting FEMA regulation/FDI policy does not permit any equity investment by a foreigner with a fixed/agreed rate of return in this sector. It is the case of the Defendant that the whole transaction...was structured by Deutsche Bank A.G, the parent company of DIIPL, to get round the FEMA regulation/FDI policy; that the transaction was a colourable transaction designed to defeat the provisions of...loan provided by the Plaintiff, an Indian registered Non-Banking Finance Company to Rubix, an Indian Entity, to which no FDI law or policy applies. It is submitted that though this guarantee is...

...para 5.2 a) of Consolidated FDI Policy of 2017 issued by Department of Industrial Policy and Promotion, any sector/business activity not listed in the FDI Policy FDI (‘Foreign Direct Investment’) is...permitted up to 100% under automatic route. Business Activity of the Petitioner Company is not falling under any of the sector specific cap listed in the FDI Policy. Accordingly, business activities of...statutory acts and is not contrary to public policy.16. Since all the requisite statutory compliances have been fulfilled, Company Petition Nos. 1039 of 2017 is made absolute in terms of...