https://www.taxtmi.com/news?id=19916 Minimum capital requirements apply to Other Financial Services unregulated by any financial sector regulator where FDI is permitted under the Government route: higher minima for fund based activities and lower minima for non-fund based activities. The rule covers entities unregistered with or exempted from sector regulators, activities partly regulated, and situations of doubt about regulatory oversight. Fund based activities include merchant banking, underwriting, portfolio management, stock broking, asset management, venture capital, custodian services, factoring, leasing and finance, housing finance, credit card business, micro credit and rural credit; non-fund based activities include investment advisory, financial consultancy, forex broking, money changing and credit rating agencies. en-us Tue, 17 Apr 2018 10:00:06 +0530 Tue, 17 Apr 2018 10:00:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19916 Minimum capital requirements apply to Other Financial Services unregulated by any financial sector regulator where FDI is permitted under the Government route: higher minima for fund based activities and lower minima for non-fund based activities. The rule covers entities unregistered with or exempted from sector regulators, activities partly regulated, and situations of doubt about regulatory oversight. Fund based activities include merchant banking, underwriting, portfolio management, stock broking, asset management, venture capital, custodian services, factoring, leasing and finance, housing finance, credit card business, micro credit and rural credit; non-fund based activities include investment advisory, financial consultancy, forex broking, money changing and credit rating agencies. News - Tue, 17 Apr 2018 10:00:06 +0530 https://www.taxtmi.com/news?id=19916