https://www.taxtmi.com/circulars?id=4161 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. en-us Tue, 17 Apr 2001 00:00:00 +0530 Tue, 30 Sep 2008 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4161 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. Circulars FEMA Tue, 17 Apr 2001 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4161