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
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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 |
