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    HomeNewsOpinionRBI simplifies just a few provisions of the overly complex regulations for CICs

    RBI simplifies just a few provisions of the overly complex regulations for CICs

    Considering that the regulations relating to Core Investment Companies have become elaborate and complex over the years, the recent simplification is merely a small step forward to several steps backwards taken in the past

    Jayant Thakur
    May 08, 2023 / 07:00 IST
    RBI simplifies just a few provisions of the overly complex regulations for CICs

    even to register and run an NBFC, a minimum net owned fund was required. Considering that the requirements applied even to closely held investment companies which do not raise any external funds, it created difficulties

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