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Guidelines for FDI in the Non-Banking Financial Companies (NBFCs)

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....overnment of India Ministry of Industry Department of Industrial Policy & Promotion Udyog Bhawan, In the Press Note No.4(1997 Series) issued by this Department on 30th April, 1997, guideli....

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Full Text of the Document

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.... to the following condition:- "It would not be permissible for such a company to set up any subsidiary for any other activity, nor any equity it may contribute in an NBFC holding/operating company ....

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