Liberalization of Foreign Direct Investment Other Financial Services,.

Liberalization of Foreign Direct Investment - Other Financial Services Department of Industrial Policy & Promotion in order to provide easy finance to the Indian Industries has liberalized the Foreign Direct Investment ('FDI') limits in Non-Banking Financial Company. Para 5.2.26 of the Consolidated FDI Policy has been replaced with the following para subject to specified conditions in accounting outsourcing companies in India: Before Circular: Foreign investment in NBFC is allowed under the automatic route in only the following activities:       i.        Merchant Banking      ii.        Under Writing      iii.       Portfolio Management Services     iv.        Investment Advisory Services      v.        Financial Consultancy     vi.        Stock Broking    vii.        Asset Management    viii.       Venture Capital     ix.        Custodian Services      x.        Factoring     xi.        Credit Rating Agencies    xii.        Leasing & Finance    xiii.       Housing Finance   xiv.        Forex Broking    xv.        Credit Card Business   xvi.        Money Changing Business  xvii.        Micro Credit  xviii.       Rural Credit After Circular: Other Financial Services: Financial Services activities regulated by Financial Sector regulators viz. Reserve Bank of India, Securities and Exchange Board of India, Insurance Regulatory and Development Authority direct foreign investment in India, The Pension Fund Regulatory and Development Authority, National Horticulture Board or any other financial sector regulator as may be notified by Government of India subject to certain conditions. % of Equity / FDI Cap : 100% Entry Route: Automatic Further, minimum capitalization norms for Foreign Direct Investment in Non-Banking Finance Companies have been done away with. Investment in "Other Financial Services" activities shall be now subject to conditionalities, including minimum capitalization norms, as specified by the concerned Regulator or Government Agency. Get more information visit at: