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        FEMA

        Regulation 7 - Investment in Financial Services Sector

        Foreign Exchange Management (Transfer Or Issue of Any Foreign Security) Regulations, 2000

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        Foreign investment eligibility: Indian financial services firms may invest abroad if profitability, registration, net worth, and capital adequacy are satisfied. Investment in the financial services sector permits an Indian party to invest in an overseas financial services entity provided it satisfies four conditions: earned net profit from financial services in the preceding three financial years; is registered with the appropriate Indian regulatory authority for those activities; meets the minimum net worth shown in its last audited balance sheet; and has fulfilled prudential norms relating to capital adequacy prescribed by the concerned Indian regulatory authority.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Foreign investment eligibility: Indian financial services firms may invest abroad if profitability, registration, net worth, and capital adequacy are satisfied.

                                Investment in the financial services sector permits an Indian party to invest in an overseas financial services entity provided it satisfies four conditions: earned net profit from financial services in the preceding three financial years; is registered with the appropriate Indian regulatory authority for those activities; meets the minimum net worth shown in its last audited balance sheet; and has fulfilled prudential norms relating to capital adequacy prescribed by the concerned Indian regulatory authority.


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