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of <h1>India Amends FDI Policy: NBFCs with 75-100% Foreign Investment Can Establish Subsidiaries Without Extra Capital.</h1> The Government of India has amended the Consolidated FDI Policy to allow Non-Banking Financial Companies (NBFCs) with foreign investment between 75% and 100% and a minimum capitalization of US$ 50 million to establish step down subsidiaries for specific NBFC activities. This change removes restrictions on the number of operating subsidiaries and the requirement for additional capital for these subsidiaries. The amendment to paragraph 6.2.24.2 (1) (iv) of Circular 1 of 2012 is effective immediately, ensuring that the minimum capitalization condition does not apply to downstream subsidiaries.
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