• 9863020202    
  • contact@financeseva.in

RBI tightens investment norms in NBFC from FATF non-compliant jurisdictions

Circular No. DOR.CO.LIC.CC No.119/03.10.001/2020-21, Dated February 12, 2021 

 

In order to curb money laundering, the Reserve Bank of India has come up with a circular wherein it has been clarified that the investors from non-FATF compliant jurisdictions, would hold less than 20% of the voting power in non-banking finance companies (NBFCs).  

As a result, new investors from or through non-compliant FATF jurisdictions, whether in existing NBFCs or in companies seeking Certification of Registration (COR), should not be allowed to directly or indirectly acquire 'significant influence' in the investee. 

CA Vikas Jain - Chief Advisor

Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...

Read More
CA Vikas Jain

CA Vikas Jain - Chief Advisor

Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...

Read More

If you want me & my team at financeseva to help you in getting Best Financial Services, Just Book a Free Call