{"id":103871,"date":"2017-02-04T11:44:57","date_gmt":"2017-02-04T06:14:57","guid":{"rendered":"http:\/\/www.scconline.com\/blog\/?p=103871"},"modified":"2017-02-04T11:44:57","modified_gmt":"2017-02-04T06:14:57","slug":"government-allows-100-per-cent-fdi-in-white-labelled-atm-operations-subject-to-conditions","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2017\/02\/04\/government-allows-100-per-cent-fdi-in-white-labelled-atm-operations-subject-to-conditions\/","title":{"rendered":"Government allows 100 per cent FDI in White Labelled ATM operations, subject to conditions"},"content":{"rendered":"<div class=\"contentdiv\">\n<div style=\"text-align: justify;\" align=\"center\">Government has allowed Foreign Investment up to 100% in White Label ATM (WLA) operations, subject to the following conditions:-<\/p>\n<p>(i) Any non-bank entity intending to set up WLA should have minimum net worth of Rs. 100 crore as per latest financial year\u2019s audited balance sheet, which is to be maintained at all times.<br \/>\n(ii) In case the entity is also engaged in any other 18 Non-Banking Finance Company (NBFC) activities, then the foreign investment in the company setting up WLA, shall also comply with the minimum capitalization norms for foreign investment in NBFC activities.<\/p>\n<p>This was stated by Shri Santosh Kumar Gangwar, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha.<\/p><\/div>\n<div style=\"text-align: right;\">Ministry of Finance<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Government has allowed Foreign Investment up to 100% in White Label ATM (WLA) operations, subject to the following conditions:- (i) Any non-bank <\/p>\n","protected":false},"author":91,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1188,2],"tags":[],"class_list":["post-103871","post","type-post","status-publish","format-standard","hentry","category-hot_off_the_press","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Government allows 100 per cent FDI in White Labelled ATM operations, subject to conditions | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2017\/02\/04\/government-allows-100-per-cent-fdi-in-white-labelled-atm-operations-subject-to-conditions\/\" \/>\n<meta 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ATMs play a vital role in meeting the currency requirements of the public and\u2026","rel":"","context":"In &quot;Hot Off The Press&quot;","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":312209,"url":"https:\/\/www.scconline.com\/blog\/post\/2024\/01\/25\/ministry-of-finance-notified-foreign-exchange-management-non-debt-instruments-amendment-rules-2024-legal-news\/","url_meta":{"origin":103871,"position":1},"title":"MoF introduces International Exchange vide FEM (Non-debt Instruments) Amendment Rules, 2024","author":"Kriti","date":"January 25, 2024","format":false,"excerpt":"The definition of International Exchange introduced vide Foreign Exchange Management (Non-debt Instruments) Amendment Rules, 2024.","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"ministry of finance","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/ministry-of-finance.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/ministry-of-finance.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/ministry-of-finance.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/ministry-of-finance.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":180684,"url":"https:\/\/www.scconline.com\/blog\/post\/2018\/01\/11\/cabinet-approves-amendments-fdi-policy\/","url_meta":{"origin":103871,"position":2},"title":"Cabinet approves amendments in FDI Policy","author":"Saba","date":"January 11, 2018","format":false,"excerpt":"The Union Cabinet has given its approval to a number of amendments in the FDI Policy. These are intended to liberalise and simplify the FDI policy so as to provide ease of doing business in the country. In turn, it will lead to larger FDI inflows contributing to growth of\u2026","rel":"","context":"In &quot;Hot Off The Press&quot;","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":265785,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/04\/22\/finance-ministry-undertakes-fund-activities-of-ifsca-via-ifsca-fund-management-regulations-2022\/","url_meta":{"origin":103871,"position":3},"title":"Finance ministry undertakes fund activities of IFSCA via IFSCA (Fund Management) Regulations, 2022","author":"Prachi Bhardwaj","date":"April 22, 2022","format":false,"excerpt":"On 19th April, 2022, Ministry of Finance introduced International Financial Services Centres Authority (Fund Management) Regulations, 2022. These regulations aim to define powers of the International Financial Services Centres Authority (IFSCA) in respect of fund management which will be applicable from 2nd May, 2022. Key features- International Financial Services Centres\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/05\/IFSCA1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/05\/IFSCA1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/05\/IFSCA1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/05\/IFSCA1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/05\/IFSCA1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":228467,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/18\/government-amends-extant-fdi-policy-for-curbing-opportunistic-takeovers-acquisitions-of-indian-companies-in-view-of-covid-19-pandemic\/","url_meta":{"origin":103871,"position":4},"title":"Government amends &#8212; extant FDI policy for curbing opportunistic takeovers\/acquisitions of Indian companies in view of COVID-19 pandemic","author":"Bhumika Indulia","date":"April 18, 2020","format":false,"excerpt":"Government of India has reviewed the extant Foreign Direct Investment(FDI) policy for curbing opportunistic takeovers\/acquisitions of Indian companies due to the current COVID-19 pandemic and amended para 3.1.1 of extant FDI policy as contained in Consolidated FDI Policy, 2017. 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