“Gujarat International Finance Tec-City (GIFT City) is emerging as a crucial global finance hub, attracting various financial and technology firms with its unique blend of regulatory advantages, tax...
The Ministry of Finance has announced minimum foreign direct investment ("FDI") limits applicable to unregulated or partially regulated investee entities under the Government approval route in the "other financial services" sector, by way of a press release dated April 16, 2018 (the "2018 Press Release").
Further, such unregulated or partially regulated investee entities have been bifurcated into "fund-based" and "non-fund based" activities, and separate minimum FDI limits are now applicable to both.
