Govt issues minimum FDI requirement for unregistered fin service units
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.