Foreign investment in NBFC leasing: only financial leases permitted under automatic route; operating leases excluded. FDI up to 100% in NBFC 'leasing and finance' under the automatic route, subject to minimum capitalisation norms, applies only to financial leases; operating leases are excluded. AD Category I banks should notify their customers; amendments to FEMA 2000 will be separately notified and the directions are issued under the Foreign Exchange Management Act without prejudice to other statutory permissions.
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 in NBFC leasing: only financial leases permitted under automatic route; operating leases excluded.
FDI up to 100% in NBFC "leasing and finance" under the automatic route, subject to minimum capitalisation norms, applies only to financial leases; operating leases are excluded. AD Category I banks should notify their customers; amendments to FEMA 2000 will be separately notified and the directions are issued under the Foreign Exchange Management Act without prejudice to other statutory permissions.
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