Supreme Court: Banks Cannot Invoke IBC Against Debtors For Builder-Linked Loans || Supreme Court: Non-Disclosure of Failed Candidates’ Marks Does Not Imply They Passed Exams || Supreme Court: Murder Accused Cannot Inherit Property of the Person Allegedly Killed || Supreme Court: Delay in Deposit Does Not Automatically Cancel Contracts under Specific Relief Act || SC: Railways is Treated as a Consumer under the Electricity Act, Not a Distribution Licensee || Bom HC: Genuine Residents Cannot be Denied Relief Due to Aadhaar Deactivation or Biometric Mismatch || Punjab & Haryana High Court: Raid on Rajinder Gupta’s Factory Soon After He Joined BJP From AAP || Madhya Pradesh HC: Delay Can Be Condoned under Limitation Act Where Statute Has No Express Bar || Cal HC Upholds PILs on Great Nicobar Project, Noting Alleged FRA Violations and Tribal Vulnerability || Calcutta HC: Vodafone Idea Must Obtain Copyright Society Licence to Use Songs as Caller Tunes

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 :