ANNOUNCED AS TEMPORARYNo
FDI: Entry and ownership rule
On 21 December 2012, the Ministry of Finance amended the regulations for foreign investments in Asset Reconstruction Companies (ARCs) as follows:
An Asset Reconstruction Company is involved in taking over Non Performing Assets/distressed assets of banks and financial institutions and later sell repackaged assets.
The FDI limit was increased to 100% on 16 July 2013 (see related State Act).
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