04.07.2015 Views

Doing Business in India - RSM Austria

Doing Business in India - RSM Austria

Doing Business in India - RSM Austria

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Sr.<br />

No.<br />

Sector/Activity<br />

FDI Cap /<br />

Equity<br />

Entry<br />

Route<br />

Remarks<br />

25. Invest<strong>in</strong>g companies<br />

<strong>in</strong> <strong>in</strong>frastructure<br />

/services sector<br />

(except telecom<br />

sector)<br />

100% FIPB Where there is a prescribed<br />

cap for foreign <strong>in</strong>vestment,<br />

only the direct <strong>in</strong>vestment<br />

will be considered for the<br />

prescribed cap and foreign<br />

<strong>in</strong>vestment <strong>in</strong> an <strong>in</strong>vest<strong>in</strong>g<br />

company will not be set off<br />

aga<strong>in</strong>st this cap provided the<br />

foreign direct <strong>in</strong>vestment <strong>in</strong><br />

such <strong>in</strong>vest<strong>in</strong>g company does<br />

not exceed 49% and the<br />

management of the <strong>in</strong>vest<strong>in</strong>g<br />

company is with the <strong>India</strong>n<br />

owners.<br />

26.<br />

Non Bank<strong>in</strong>g F<strong>in</strong>ance Companies<br />

i<br />

Ii<br />

iii<br />

iv<br />

v<br />

vi<br />

vii<br />

viii<br />

ix<br />

x<br />

xi<br />

xii<br />

xiii<br />

xiv<br />

Merchant Bank<strong>in</strong>g<br />

Underwrit<strong>in</strong>g<br />

Portfolio<br />

Management Services<br />

Investment<br />

Advisory Services<br />

F<strong>in</strong>ancial Consultancy<br />

Stock Brok<strong>in</strong>g<br />

Asset Management<br />

Venture Capital<br />

Custodial Services<br />

Factor<strong>in</strong>g<br />

Credit Rat<strong>in</strong>g Agencies<br />

Leas<strong>in</strong>g & F<strong>in</strong>ance<br />

Hous<strong>in</strong>g F<strong>in</strong>ance<br />

Forex Brok<strong>in</strong>g<br />

100% Automatic Subject to:<br />

a. M<strong>in</strong>imum capitalization<br />

norms for fund based<br />

NBFCs - US$ 0.5 million to<br />

be brought upfront for<br />

FDI up to 51%; US$ 5<br />

million to be brought<br />

upfront for FDI above 51%<br />

and up to 75%; and US$<br />

50 million out of which<br />

US$ 7.5 million to be<br />

brought upfront and the<br />

balance <strong>in</strong> 24 months for<br />

FDI beyond 75% and up to<br />

100%.<br />

b. M<strong>in</strong>imum capitalization<br />

norms for non-fund based<br />

NBFC activities- US$ 0.5<br />

million.<br />

c. Foreign <strong>in</strong>vestors can set<br />

u p 1 0 0 % o p e ra t i n g<br />

subsidiaries without the<br />

condition to dis<strong>in</strong>vest a<br />

m<strong>in</strong>imum of 25% of its<br />

equity to <strong>India</strong>n entities<br />

subject to br<strong>in</strong>g<strong>in</strong>g <strong>in</strong> US$<br />

50 million without any<br />

restriction on number of<br />

operat<strong>in</strong>g subsidiaries<br />

w i t h o u t b r i n g i n g<br />

additional capital.<br />

88<br />

DOING BUSINESS IN INDIA

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!