TaxTMI 
TaxTMI 
TaxTMI 
Minimum Capital Requirements for ‘Other Financial Services’ activities which are unregulated by any Financial Sector Regulator and FDI is allowed under Government Route
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....inimum Capital Requirements for ‘Other Financial Services’ activities which are unregulated by any Financial Sector Regulator and FDI is allowed under Government Route <br>News and Press Release<b....
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....r>Dated:- 17-4-2018<br><BR>Minimum FDI capital Entity Activity Fund based activities* Unregistered / Exempted Unregulated US$ 20 mn Non-fund based* Unregistered / Exempted Unregulated US$ 2m....
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....n * Explanatory Note: It is clarified that fund and non-fund based activities shall include, but not limited to,the following activities to the extent that they are- (i)not regulated by any financial....
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.... sector regulator - this shall include scenarios where the entity is not registered with the concerned sector regulator and/or the entity/activity is exempted under the concerned sector regulations; o....
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....r (ii)where only part of the financial services activity is regulated; or (iii) where there is a doubt regarding the regulatory oversight: Fund based activities:Merchant Banking, Under Writing, Portf....
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....olio Management Services, Stock Broking, Asset Management, Venture Capital, Custodian Services, Factoring, Leasing & Finance, Housing Finance, Credit Card Business, Micro Credit, Rural Credit Non-fun....
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....d based activities: Investment advisory services, Financial Consultancy, Forex Broking, Money Changing Business, Credit Rating Agencies'<BR> News - Press release - PIB....