SC: Daughter Doesn't Lose Ties With Natal Family After Marriage, Such Stereotype is Unconstitutional || SC: Limitation For Filing S.34 Appeal Starts From Disposal of S.33 Application, Allowed or Rejected || SC: In Cases of Drug Trade Threats to the Nation, Sovereignty Prevails over Personal Liberty || Delhi HC: Plaintiff Can Obtain a Refund of Court Fees After an IBC Resolution Plan “Settlement” || Ker HC: Default Bail is Available if Final Report is E-Filed After 5 Pm on Last Statutory Day || J&K&L HC: NDPS Act Provisions Extending Investigation Time Apply to Narco-Terror Cases under UAPA || Supreme Court: Courts Have Sometimes Failed Arbitration, With Interference Curing No Disease || Supreme Court: Co-Heir Cannot Sell Other Heirs' Shares as Karta After Intestate Succession || SC: Casual Labourers With Temporary Status are Eligible For Pension Even Without Regularisation || Supreme Court: High Courts Must Record the Nature of Crime and Allegations While Quashing FIRs

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 :