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-August-2010
.pdf
Download PDF • 318KB