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
The final norms would be put in place after taking into account public comments on the proposal and amending existing regulations.
First there were draft guidelines, then guidelines and now finally a notification from the RBI – all to regulate holding companies. Or as RBI terms is Core Investment Companies. Payaswini Upadhyay gets experts to review the final rules and examine life before and after the CIC notification