FOR INDIA'S BEST CA CS CMA VIDEO CLASSES CALL 9980100288 OR VISIT HERE
PREDICT YOUR RANK!
Answer below questions and predict your rank
  • How important it is for you to pass the exam in this attempt?
  • What percentage of course you have finished well so far roughly?
  • How many hours you study in a day?
  • How many times you have revised the topics you have finished
  • Have you taken online or pen drive or live class from a renowned faculty?
  • What percentage of the classes you have watched?
  • Have you attempted mock tests or practice tests yet?
  • Are you planning to attempt mock tests conducted by external bodies- ICAI, ICSI, ICMAI or other institute?
  • How many tests you have taken?
  • Did you manage to finish the test papers on time?
  • Are you strictly following study material provided by the exam conducting authority such as ICAI/ICSI/ICMAI/Other Body?
  • How is your health in general?
  • How is your food habit?
  • Any interest in yoga or exercise or play sports regularly?
  • Planning to sleep well nights before the exams?
  • Planning to have light food and water before exams?

Can an Indian company in the financial services sector make investment in a JV/WOS abroad in the non-financial services

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 asked

    0       0 Answer Now Comment Report
3 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

i. has earned net profit during the preceding three financial years from the financial services activities; ii. is registered with the appropriate regulatory authority in India for conducting financial services activities; iii. has obtained approval for undertaking such activities from the regulatory authorities concerned both in India and abroad before venturing into such financial activity; iv. has fulfilled the prudential norms relating to capital adequacy as prescribed by the regulatory authority concerned in India; and Any additional investment by an existing JV / WOS or its step down subsidiary in the financial services sector is also required to comply with the above conditions.

    0       0 Comment Report
Important Note – Preparing for CA Final?
CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below – 
For any questions Request A Call Back  
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

i. has earned net profit during the preceding three financial years from the financial services activities; ii. is registered with the appropriate regulatory authority in India for conducting financial services activities; iii. has obtained approval for undertaking such activities from the regulatory authorities concerned both in India and abroad before venturing into such financial activity; iv. has fulfilled the prudential norms relating to capital adequacy as prescribed by the regulatory authority concerned in India

    0       0 Comment Report
Open uri20170510 32134 s5bvk0?1494421637 answered

Dear Friend, as far as your query is concerned that Can an Indian company in the financial services sector make investment in a JV/WOS abroad in the non-financial services Let me informed that Regulated entities engaged in financial services sector activities in India making investment in non-financial services activities overseas are also required to comply with the additional conditions i. has earned net profit during the preceding three financial years from the financial services activities; ii. is registered with the appropriate regulatory authority in India for conducting financial services activities; iii. has obtained approval for undertaking such activities from the regulatory authorities concerned both in India and abroad before venturing into such financial activity; iv. has fulfilled the prudential norms relating to capital adequacy as prescribed by the regulatory authority concerned in India; and Any additional investment by an existing JV / WOS or its step down subsidiary in the financial services sector is also required to comply with the above conditions. Hope answer was helpful to you Regards, Arjun Pratap Singh

    0       0 Comment Report
Similar Questions
Get Notifications
Videos
Books
Notes
Loading
Watch best faculty demo video classes

These top faculty video lectures will
help u prepare like nothing else can.