Calcutta High Court: ECI Not Singling Out Bengal, More Transfers in Other Poll-Bound States || Delhi High Court: Driving Licence Not Fake Solely For Not Being Converted Into a Smart Card || Delhi High Court: Writ Petition Not Maintainable Before Final Order in Court Martial Proceedings || J&K High Court Grants Relief to Lawyers Accused of Assault at Srinagar District Court Premises || Delhi HC Imposes ?5 Lakh Fine on Rakshit Shetty For Unauthorised Song Use in Bachelor Party Film || Delhi High Court Grants Huawei Partial Relief in Ongoing Income Tax Proceedings || Delhi HC Upholds Bidder Disqualification in Sri Lanka Consular Services Tender For Lack of Experience || Kerala High Court Sets Aside Order Transferring School Playground, Citing Inadequate Consideration || Delhi High Court Directs Removal of Unauthorised Vendors, Declares Nehru Place a No-Vending Zone || Kerala High Court: SHO Cannot Order Surrender of Firearms over Phone Calls Before Elections

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 :