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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

Jayant Thakur   •

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

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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