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Policy on foreign investment for Asset Reconstruction Companies-amendment of paragraph 6.2.18.1 of ‘consolidated FDI Policy Circular of 2015’ - FEMA - Press Note No. 4(2016 Series)

Extract

..... .18.1 Asset Reconstruction Companies Sector/ Activity % of Equity/FDI Cap Entry Route 6.2.18.1.1 'Asset Reconstruction Company' (ARC) means a company registered with the Reserve Bank of India under section 3 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act). 100% of paid-up capital of ARC (FDI+FII/FPI) Automatic up to 49% Government route beyond 49% 6.2.18.1.2 Other Conditions: (i) Persons resident outside India can .....

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Policy on foreign investment for Asset Reconstruction Companies-amendment of paragraph 6.2.18.1 of ‘consolidated FDI Policy Circular of 2015’ - FEMA

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..... of India has liberalized the foreign investment limits for Asset Reconstruction Companies. Accordingly, Paragraph 6.2.18.1 of 'Consolidated FDI Policy Circular of 2015', effective from 12.5.2015, is amended to read as below: Sector/Activity % of Equity/ FDI Cap Entry Route 6.2.18.1.1 'Asset Reconstruction Company' (ARC) means a company registered with the Reserve Bank of India under section 3 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security .....

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Policy on foreign investment for Asset Reconstruction Companies-amendment of paragraph 6.2.18.1 of ‘consolidated FDI Policy Circular of 2015’ - FEMA

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