TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All News
of of All News
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Corrigendum to Press Note 7 (2008): Corrects FDI Policy Errors, Details NBFC Capitalization Norms for Foreign Investors.</h1> A corrigendum has been issued for Press Note 7 (2008) regarding the Foreign Direct Investment policy, correcting typographical errors in the Annex, specifically at Sl. No. 25 under para II. The revised provision outlines the minimum capitalization norms for Non-Banking Finance Companies (NBFCs) involved in various financial services, such as merchant banking, underwriting, and asset management. It specifies the required upfront capital for different levels of foreign direct investment (FDI) and allows foreign investors to establish 100% operating subsidiaries without disinvesting equity to Indian entities, provided they meet the capital requirements. Compliance with Reserve Bank of India guidelines is mandated.
TaxTMI 
TaxTMI 
