https://www.taxtmi.com/circulars?id=11638 FDI up to 100% in NBFC "leasing and finance" under the automatic route, subject to minimum capitalisation norms, applies only to financial leases; operating leases are excluded. AD Category I banks should notify their customers; amendments to FEMA 2000 will be separately notified and the directions are issued under the Foreign Exchange Management Act without prejudice to other statutory permissions. en-us Tue, 15 May 2012 00:00:00 +0530 Tue, 15 May 2012 16:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11638 FDI up to 100% in NBFC "leasing and finance" under the automatic route, subject to minimum capitalisation norms, applies only to financial leases; operating leases are excluded. AD Category I banks should notify their customers; amendments to FEMA 2000 will be separately notified and the directions are issued under the Foreign Exchange Management Act without prejudice to other statutory permissions. Circulars FEMA Tue, 15 May 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11638