For providing easy finance to the industries in India, the department of Industrial promotion and policy has liberalized the limits of the non-banking financial Internal Financial Control companies, in FDI, foreign direct investment. The paragraph 5.2.26 has undergone a change. These changes are subject to certain particular conditions mentioned in the chartered accountant firms in Mumbai.
The paragraph that was earlier stated Under the automatic route, the foreign investment is possible only in the below mentioned activities.
The paragraph after the changes reveals: The notification by the government of India is required for the regulation of the activities associated with the financial services for example-Reserve bank of India, National horticulture board, Securities and exchange board of India, Insurance regulatory and development authority. It’s subject to certain conditions. Equity’s percentage/FDI Cap-100% Route of entry- Automatic for foreign direct investment in companies that are financial but are non banking, the minimum capitalization norms, have been removed. For investing in the activities of other financial services, the companies will be restricted by certain conditions, and these conditions include minimum capitalization, as mentioned by the concerned Regulator or Government Agency. We provide suggestions for you to acquire finance for your project. If you have a project and you need suggestions regarding acquisition of the finance from the most appropriate sources, you can contact us. For formulation of appropriate services ample well thought out finance is required and from a genuine resource. We prepare appropriate pitches for you to go and get the finance. Private equity firm, partnership firm, and many more need capital for expansion of the business and we can help you provide the same. Contact AKGVG & Associates for project financing.
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