SC: Absence of Independent Witnesses is Not Fatal if Injured Eyewitness Testimony is Sterling || Supreme Court: Prosthetic Limb Costs Must Be Compensated To Restore Victims’ Dignity || Supreme Court: Probate Can be Revoked For Non-Impleadment of Parties and Suppression of Facts || SC: Plaint Cannot be Rejected For Valuation or Court Fee Defects Without Chance to Rectify || SC Rules Government Grants Act Overrides Rent Law, Sets Aside Eviction Proceeding Against Union Govt || SC: Civil Court Has No Jurisdiction in Boundary Dispute Between Maharashtra Panchayat & Municipality || Allahabad HC: Two Criminal Cases Insufficient to Label a Person as 'Goonda' and Harm Reputation || Bom HC: Sprinkling Mustard Without Ill Intent Before a House is Not an Offence under Black Magic Act || J&K&L HC: Preventive Detention Invalid When Based on Speculative Fear of Election Disturbance || Bombay High Court: POSH Act Penalises False Complaints by Women But Not Those Who Instigate Them

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 :