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,
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
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Para No |
Particulars |
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1. |
Overseas Investment by NBFCs- No Objection (NoC) from DNBS, RBI |
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2. |
The Non-Banking Financial Companies (Opening of Branch/Subsidiary/Joint Venture/ Representative Office or Undertaking Investment Abroad by NBFCs) Directions, 2011 |
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2.1 |
Prior Approval of RBI in cases of Opening of branch/subsidiary/joint venture/representative office or undertaking investment abroad by NBFCs |
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2.2 |
General conditions |
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2.3 |
Specific conditions. |
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(A) Opening of Branch |
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(B) Opening of subsidiary abroad by NBFCs |
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(C) Joint Ventures abroad |
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(D) Opening of representative offices abroad by NBFCs |
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Appendix |
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Click here to download the Master Circular
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