The Free Press Journal

Govt issues minimum FDI requiremen­t for unregister­ed fin service units

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NEW DELHI: The government on Monday fixed minimum overseas capital requiremen­t for certain class of unregister­ed and unregulate­d entities offering financial services under the foreign direct investment regime. The minimum FDI capital is $20 million for unregister­ed/exempted entities engaged in 'fund based activities'. In the case of unregister­ed entities engaged in 'non-fund based' activities, the threshold is $2 million, an official release said.

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