FDI liberalisation in NBFCs: automatic route subject to RBI guidelines and relaxed subsidiary rules and revised upfront capital conditions Liberalisation sets FDI thresholds with tiered upfront capital requirements by foreign equity bands; highest foreign equity band requires a larger total investment with part upfront and balance within a prescribed period. Wholly owned operating subsidiaries are permitted without mandatory disinvestment if the highest-band capital condition is met. Joint ventures at or below the three-quarter foreign equity level may form subsidiaries provided the subsidiaries meet the applicable minimum capital inflow. FDI in NBFCs is on the automatic route subject to Reserve Bank of India guidelines and earlier Press Notes are modified accordingly.
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Provisions expressly mentioned in the judgment/order text.
FDI liberalisation in NBFCs: automatic route subject to RBI guidelines and relaxed subsidiary rules and revised upfront capital conditions
Liberalisation sets FDI thresholds with tiered upfront capital requirements by foreign equity bands; highest foreign equity band requires a larger total investment with part upfront and balance within a prescribed period. Wholly owned operating subsidiaries are permitted without mandatory disinvestment if the highest-band capital condition is met. Joint ventures at or below the three-quarter foreign equity level may form subsidiaries provided the subsidiaries meet the applicable minimum capital inflow. FDI in NBFCs is on the automatic route subject to Reserve Bank of India guidelines and earlier Press Notes are modified accordingly.
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