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Overview of Core Investment Company

We provide the service for Core investment companies will need to form board-level committees, appoint independent directors, and conduct internal audits if the reserve bank of India (RBI) decides to simply accept the recommendations of a working party formed to enhance their corporate governance standards. Core Investment Company is required to be registered with the reserve bank of India under section 45 IA of the RBI Act 1934.<br>https://enterslice.com/core-investment-company<br>

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Overview of Core Investment Company

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  1. Core Investment Company info@enterslice.com

  2. A Core Investment Company (CIC) is categorized as a Non Banking Financial Company (NBFC) by the Reserve Bank of India (RBI). These companies predominately invest in shares of its own group companies for stakeholding but cannot engage in trading of these instruments or carry out any other kind of financial activity.

  3. CATEGORIES OF CORE INVESTMENT COMPANY Registered CIC’s with assets less than Rs. 100 crore worth follow the norms specified in the Non-Systematically Important NBFC Prudential Norms, 2015. For those with assets more than Rs. 100 core follows the norm as specified in Systematically Important NBFC Prudential Norms Directions, 2015.

  4. Approval Requirements for Core Investment Company All Core Investment Companies are required to be registered with the Reserve Bank of India under section 45 IA of the RBI Act 1934 and thereby obtain a Certificate of Registration.

  5. The investment of the company in the shares of the group companies need to be at least 60% of the net worth of its assets. General Obligation for a Core Investment Company The Core Investment Company is not allowed to carry out any other financial activity other than,the company can issue guarantees on behalf of group companies It cannot trade in its investments in shares, bonds, debentures, debt or loans in group companies except through block sale with the purpose of diluting or disinvestment.

  6. THE PROCESS OF REGISTRATION OF CORE INVESTMENT COMPANY The Core Investment Company needs to download the application form for registration from the website of RBI. It needs to be filled in and submitted to the Regional Office of DNBS (Department of Non-Banking Supervision) along with the supporting documents as mentioned in the form.

  7. Contact Us https://enterslice.com/ 9870310368

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