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Capital / Net-worth Requirement

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....e regulations shall maintain minimum paid-up capital and net-worth as specified in PART-A of SCHEDULE-I of these Regulations; Provided that an applicant desirous of setting up a branch in an unincorporated form, shall maintain the capital as specified under PART-B of SCHEDULE-I of these regulations, which shall be earmarked and held by the applicant in the country of its incorporation and inves....

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Full Text of the Document

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....ude funds arranged by way of borrowings or loans. (5) In case of shortfall in the net worth, the IIIO shall immediately restore the same and report compliance of the same; Provided that where the IIIO is in a form other than company, the "net-worth" shall be as specified by the authority. Explanation: For the purposes of these regulations, "net worth" shall have the same meaning as assign....

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