FDI in non-fund financial consultancy exempted from minimum capitalisation norms, subject to corporate activity and equity restrictions. Foreign investment in purely financial consultancy that is non-fund based is exempt from minimum capitalisation norms, on condition that the company shall not set up any subsidiary for other activities and any equity it contributes in an NBFC holding/operating company will not be reckoned as domestic equity. NBFCs carrying out fund-based activities remain subject to minimum capitalisation requirements.
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.
FDI in non-fund financial consultancy exempted from minimum capitalisation norms, subject to corporate activity and equity restrictions.
Foreign investment in purely financial consultancy that is non-fund based is exempt from minimum capitalisation norms, on condition that the company shall not set up any subsidiary for other activities and any equity it contributes in an NBFC holding/operating company will not be reckoned as domestic equity. NBFCs carrying out fund-based activities remain subject to minimum capitalisation requirements.
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