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Chamber Research By The Judges Post Conclusion Of Hearing – Whether Justified?
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June 2012

A.P. (DIR Series) Circular No. 127, dated 15-5-2012 — Foreign investment in NBFC Sector under the Foreign Direct Investment (FDI) Scheme — Clarification.

By Gaurang Gandhi, Chartered Accountant

Reading Time 1 mins

This Circular clarifies that the activity ‘leasing and finance’, which is one among the eighteen NBFC activities wherein FDI up to 100% is permitted under the Automatic Route covers only ‘financial leases’ and not ‘operating leases’, insofar as the NBFC sector is concerned.

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June 2012

A.P. (DIR Series) Circular No. 127, dated 15-5-2012 — Foreign investment in NBFC Sector under the Foreign Direct Investment (FDI) Scheme — Clarification.

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A.P. (DIR Series) Circular No. 124, dated 10-5-2012 — Exchange Earner’s Foreign Currency (EEFC) Account.

A.P. (DIR Series) Circular No. 128, dated 16-5-2012 — Exchange Earner’s Foreign Currency (EEFC) Account.

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June 2012

A.P. (DIR Series) Circular No. 127, dated 15-5-2012 — Foreign investment in NBFC Sector under the Foreign Direct Investment (FDI) Scheme — Clarification.

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You May Also Like

A.P. (DIR Series) Circular No. 124, dated 10-5-2012 — Exchange Earner’s Foreign Currency (EEFC) Account.

A.P. (DIR Series) Circular No. 128, dated 16-5-2012 — Exchange Earner’s Foreign Currency (EEFC) Account.