Guidelines for foreign equity investment in Non Banking Financial Services sector amended

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ced the norms for FDI in Non Banking Financial Sector. It was further clarified vide Press Note No. 16 (1998 series) that foreign investment proposals for purely financial consultancy services that are non-fund based, would not be subjected to the minimum capitalisation norms as applicable to the NBFCs subject to certain conditions. The matter has been reviewed and it has since been decided as u .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... (ASHOK KUMAR) Joint Secretary to the Government of India F. No. 10(32)/97-IP dated 1st July 1999 Copy forwarded to the Press Information Officer, Press Information Bureau, for giving wide publicity to the above Press Release. - Circular - Trade Notice - Public Notice - Instructions - Office orders .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X