Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: empanelment :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: list of goods taxed at 4% :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: form 3cd :: cpt :: ACCOUNTING STANDARD :: VAT RATES
Latest Circulars »
 Sources of Variation in Foreign Exchange Reserves in India during April-December 2017
 Developments in India’s Balance of Payments during the Third Quarter (October-December) of 2017-18
 Submission of returns by the Government-owned Non-Banking Financial Companies
 Agency commission payable to banks for operating Special Deposit Scheme (SDS)
 Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) – Sanmitra Sahakari Bank Maryadit,
 Banking Regulatory Powers Should Be Ownership Neutral (Urjit R. Patel, Governor, Reserve Bank of India – March 14, 2018 – Inaugural Lecture : Centre for Law & Economics, Centre for Banking & Financial Laws Gujarat National Law University, Gandhinagar)
 50 LPA-OPening Very Urgent Chief Financial Officer (cfo)
 RBI Working Paper No. 2/2018 : Non-Linear, Asymmetric and Time-Varying Exchange Rate Pass-Through: Recent Evidence from India
 Discontinuance of Letters of Undertaking (LoUs) and Letters of Comfort (LoCs) for Trade Credits
 RBI: SMA details exempted from disclosure under RTI
 RBI-Hedging of Commodity Price Risk and Freight Risk in Overseas Markets (Reserve Bank) Directions

Clarification regarding a proposal for foreign investment considered by the FIPB
May, 09th 2012
                            PRESS INFORMATION BUREAU
                              GOVERNMENT OF INDIA


                                                                 New Delhi Jyaistha 18, 1934
                                                                              May 08, 2012

       The Central Government's attention has been drawn to a report in one newspaper
containing allegations against a proposal for foreign investment that was considered by the
Foreign Investment Promotion Board (FIPB).

       The report is factually incorrect and totally baseless.

        Government had earlier issued a press release on April 28, 2012 regarding the foreign
investment made by M/s. Global Communication Services Holdings Ltd, Mauritius to acquire
73.99 per cent equity in M/s. Aircel Ltd. The contents of that statement are correct and are

       Subsequently another application was received for downstream investment by M/s
Global Communications Services Holdings Ltd. The relevant dates are:

1.9.2006              Application for Investment

3.10.2006             Meeting of FIPB: FIPB recommends proposal.

6.10.2006             Minutes of FIPB drawn up and moved by Deputy Secretary.

12.10.2006    Finance Minister approves the minutes.

20.10.2006    Formal letter of approval issued.

       It will be clear from the above that the proposal was processed in the normal course
and approval was granted in the normal course without any delay.

        It is unfortunate that baseless allegations are continued to be made without verifying
the facts.


Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Development Software Programming Software Engineering Custom Software Development Requirement Based Software Development Software Solutions Software Serv

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions