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Core Investment Company-An Overview Enterslicegroup Just now · 2 min read
Core Investment Company-An Overview A Core Investment Company (CIC) is distributed as a Non-Banking Financial Company (NBFC) by the Reserve Bank of India (RBI). These companies predominately invest in shares of its own group companies for stakeholding purposes, but can not engage in trading of these instruments or carry out any other kind of fiscal exertion. Similar companies have their investment in shares for the purposes of not carrying out any form of conditioning related to trading. Similar investment in shares is substantially carried out for the purpose of holding stake in the group companies. So these companies have a maturity of their investment in group companies. Generally, about 90 of the equity is present in the group of companies. Similar stakeholding is in the form of equity shares, preference shares, and another form of shares. Similar holding or element related to holding mustn’t be lower than 60 of their means. Though these companies are regulated by RBI, they don’t take part in any form of conditioning relating to borrowing and lending. Until the time 2010 these companies were coming under the same regulation related to NBFC. Still, in 2010 the RBI brought out a separate frame for governing the working of Core Investment Companies. Read all information Core Investment Company
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