Liberalisation of the existing norms for foreign investment in the NBFC sector

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Full Text of the Document

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....ce of the Government's commitment to liberalise the FDI regime, it has been decided to further liberalise the FDI guidelines in respect of NBFC sector as under : (a) The existing requirements to bring in capital would continue to be applicable. That is, if the (i) FDI is less than 51%, US$ 0.5 million to be brought in upfront; (ii) FDI is more than 51% and upto 75%, US$ 5 million to be brought....