image

Master Circular Regulatory Framework for Core Investment Companies(CICs)

RBI/2013-14/48
DNBS (PD) CC No. 345 / 03.02.001/ 2013-14

July 1, 2013

All Core Investment Companies

Dear Sirs,

Master Circular Regulatory Framework for Core Investment Companies(CICs)

As you are aware, in order to have all current instructions on the subject at one place, the Reserve Bank of India issues updated circulars / notifications. The instructions on the captioned subject as updated as on June 30, 2013 are reproduced below. The same is also placed on RBI web-site (http://www.rbi.org.in).

Yours faithfully,

(N. S. Vishwanathan)
Principal Chief General Manager

—————————————————————-

Table of Contents

Para No

Particulars

1.

Background

2.

Core Investment Companies (CICs)

3.

Systemically Important NBFCs

4.

Systemic Importance of Core Investment Companies

5.

Constraints faced by Core Investment Companies

6

Transition Period

7.

Action plan to comply with Conditions

8

Extent of the Core Investment Companies (Reserve Bank) Directions, 2011

9.

Definitions

10

Registration

11

Submission of Annual Statutory Auditors Certificate

12

Exemptions

13

Interpretations

Core Investment Companies(CICs)-Overseas Investment (Reserve Bank) Directions, 2012

14

Background

14-1

Short title and commencement of the Directions

14-2

Prior Approval of RBI in cases of Overseas investment by CICs

14-3

Eligibility Criteria

14-4

General Conditions

14-5

Special Conditions

15

Core Investment Companies -Guidelines on Investment in Insurance

Appendix

Tags: Companies Act 1956Core Investment CompaniesGeneral managerNon-banking financial companyReserve BankReserve Bank of IndiaRun batted inShort title

profile image

About eMinds Legal

eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

Corporate Law Referencer

Recent Articles

Recent Legal updates

Recent Gst Updates