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        FEMA

        FDI in the Non-Banking Financial Sector - relaxation of norms - reg.

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        Foreign investment in non-banking finance allowed via wholly foreign-owned downstream subsidiaries subject to mandated public divestment. Holding companies meeting the prescribed minimum capitalisation may form wholly foreign-owned downstream subsidiaries to conduct specified NBFC activities; those subsidiaries must divest at least 25% of equity through a public offering within the prescribed timeframe. Press Note No. 4 (1997 Series) is amended to this extent, and other NBFC guidelines issued in earlier Press Notes continue to apply.
                          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 non-banking finance allowed via wholly foreign-owned downstream subsidiaries subject to mandated public divestment.

                                Holding companies meeting the prescribed minimum capitalisation may form wholly foreign-owned downstream subsidiaries to conduct specified NBFC activities; those subsidiaries must divest at least 25% of equity through a public offering within the prescribed timeframe. Press Note No. 4 (1997 Series) is amended to this extent, and other NBFC guidelines issued in earlier Press Notes continue to apply.


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