In the past there has been a lack of clarity whether investment holding companies are considered as Non-Banking Financial Companies (“ NBFCs” ) and whether the laws, rules and regulations applicable to NBFCs are applicable to the investment holding companies as well. The Reserve Bank of India (“ RBI” ) decided to bring the investment holding companies under its regulatory framework in view of the implications of access to public funds, directly or indirectly, by such companies.
Guidelines for Core Investment Companies
Updated: Jan 18, 2022
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