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Master Circular 2013 Opening of Branch-Subsidiary-Joint Venture-Representative office or Undertaking Investment Abroad by NBFCs

RBI/2013-14/47
DNBS (PD) CC No.346/03.02.001/ 2013-14

July 1, 2013

To

All Non-Banking Finance Companies

Dear Sirs,

Master Circular 2013Opening of Branch-Subsidiary-Joint Venture-Representative office or Undertaking Investment Abroad by NBFCs

As you are aware, in order to have all current instructions on the subject at one place, the Reserve Bank of India issues updated Circulars/notifications. The instructions on captioned subject are reproduced below. The notification has also been placed on the RBI web-site (http://www.rbi.org.in).

Yours faithfully,

(N. S. Vishwanathan)
Principal Chief General Manager


Table of Contents

Para No

Particulars

1.

Overseas Investment by NBFCs- No Objection (NoC) from DNBS, RBI

2.

The Non-Banking Financial Companies (Opening of Branch/Subsidiary/Joint Venture/ Representative Office or Undertaking Investment Abroad by NBFCs) Directions, 2011

2.1

Prior Approval of RBI in cases of Opening of branch/subsidiary/joint venture/representative office or undertaking investment abroad by NBFCs

2.2

General conditions

2.3

Specific conditions.

(A) Opening of Branch

(BOpening of subsidiary abroad by NBFCs

(C) Joint Ventures abroad

(D) Opening of representative offices abroad by NBFCs

Appendix

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Click here to download the Master Circular

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