Supreme Court: Brief Service Breaks Do Not Bar Ad Hoc Employees From Regularisation || SC: Arbitral Awards May Be Challenged By Legal Representatives Only U/S 34, Not Via Article 227 || SC Stressed Caution in Uniformed Service Appointments and Restored Dismissal of an Unfit Constable || Supreme Court: Higher Qualifications Cannot Replace the Required Minimum Experience Criteria || Delhi High Court: Bank's Guard Post Involves Handling Arms, Strict Background Disclosure is Essential || Delhi High Court: CARA Must Obtain Foreign Clearances Before Issuing NOC For Inter-Country Adoption || Punjab & Haryana HC: Grounds of Arrest Need Not Be Reissued For a Second Arrest in the Same FIR || Chhattisgarh HC: Valid Caste Certificate Required To Prove SC/ST Act Offences; Oral Claim Not Enough || 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

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 :