Friday, July 13, 2012

Core investment companies


  • The provisions of Section 45-IA of the Act shall not apply to a non- banking financial company being a Core investment company which is not a Systematically Important Core Investment Company; and
  • The provisions of Section 45-IA of the Act shall not apply to a non- banking financial company being a Core investment company which is not a Systematically Important Core Investment Company; and important Core Investment Company subject to the condition that it meets with the capital requirements and leverage ratio as specified in the said directions.
  • The Non - Banking Financial (Non- Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 shall not apply to a non - banking financial company being a core investment company which is not a Systematically Core investment Company as defined in Clause (h) of sub-paragraph (1) of paragraph 3 of  the CIC Directors.
  • The provisions of paragraphs 15, 16 and 18 of these Directions shall not apply to a Systematically Important Core Investment company.

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