Supreme Court Directs Preventive Detention to Curb Illegal Mining in Chambal Sanctuary || SC: Courts Must Frame Points For Determination and Give Reasoned Judgments in Ex Parte Cases || Supreme Court: Clause Saying ‘Can Be Settled By Arbitration’ Does Not Mandate Arbitration || SC: Employees Appointed Without Advertisement or Interview Cannot be Regularised || Delhi HC: Non-Disclosure of Conflict By Andre Yeap Vitiates Arbitral Award in MSA Global Dispute || Punjab & Haryana High Court: Arrest Memo Alone Not Final Proof of Arrest Time || Rajasthan HC: Govt Department Cannot Terminate Outsourced Employee, Only Recommend Action || Raj HC: HRA and Allowances Part of Deceased's Income for Motor Accident Compensation Calculation || J&K& Ladakh HC: Executing Court Cannot Issue Levy Warrants While S.47 CPC Challenge is Pending || J&K &L HC: Husband’s Girlfriend Not ‘Relative’ Under Sec 498A IPC, Cannot Be Prosecuted for Cruelty

Foreign investment limits in Credit Information Companies revised- (Reserve Bank of India) (19 May 2016)

MANU/RPRL/0141/2016

Banking

Foreign Direct Investment caps in Credit Information Companies have been raised significantly, including up to 100 per cent foreign ownership.

The revised limits are set at 49 per cent, if the foreign investing company is not well diversified, and up to 100 per cent if the foreign company is diversely owned.

Foreign investments in CICs have so far been limited to its 10 per cent of the equity capital or up to 74 per cent subject to certain RBI conditions.

Relevant : Investment in Credit Information Companies MANU/RMIC/0082/2016 Previous limits to foreign investment in CIC MANU/RPRL/0288/2013

Tags : CREDIT INFORMATION COMPANY FOREIGN INVESTMENT

Share :