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of <h1>India Allows 100% Foreign-Owned NBFCs as Holding Companies, Mandates 25% Domestic Equity in Subsidiaries.</h1> The Government of India issued guidelines for foreign equity investment in Non-Banking Financial Companies (NBFCs), allowing 100% foreign-owned NBFCs to act as holding companies. These companies can undertake specific activities through step-down subsidiaries with at least 25% domestic equity. Foreign-owned holding companies with prior approval to conduct activities independently can now restructure to include domestic participation and charge fees for services provided to their subsidiaries. This is allowed on an arm's length basis, subject to a formal agreement between the holding company and its subsidiaries.
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