Liberalisation of the existing norms for foreign investment in the NBFC sector

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..... ctor In pursuance of the Government's commitment to liberalise the FDI regime, it has been decided to further liberalise the FDI guidelines in respect of NBFC sector as under : (a) The existing requirements to bring in capital would continue to be applicable. That is, if the (i) FDI is less than 51%, US$ 0.5 million to be brought in upfront; (ii) FDI is more than 51% and upto 75%, US$ 5 .....

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..... NBFC sector is put on automatic route subject to compliance with guidelines of the Reserve Bank of India. RBI would issue appropriate guidelines in this regard. 2. Press Note No.4 (1997 Series), Press Note No.13 (1997 Series), Press Note No.8 (1998 Series), Press Note No.16 (1998 Series), Press Note No.11 (1999 Series), Press Note No.12 (1999 Series) and Press Note No.6 (2000 Series) issued on .....

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