Foreign ownership thresholds in NBFCs allow high-foreign-owned firms to form step-down subsidiaries without additional capital, subject to capitalization. NBFCs with high levels of foreign ownership and meeting the prescribed minimum capitalisation may establish step-down subsidiaries for specified NBFC activities without restriction on the number of operating subsidiaries and without bringing in additional capital; the minimum capitalisation mandate for downstream subsidiaries is therefore inapplicable to those entities.
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 ownership thresholds in NBFCs allow high-foreign-owned firms to form step-down subsidiaries without additional capital, subject to capitalization.
NBFCs with high levels of foreign ownership and meeting the prescribed minimum capitalisation may establish step-down subsidiaries for specified NBFC activities without restriction on the number of operating subsidiaries and without bringing in additional capital; the minimum capitalisation mandate for downstream subsidiaries is therefore inapplicable to those entities.
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