Foreign investment limits in credit information companies require prior government approval and RBI clearance for participation. Foreign investment in Credit Information Companies is permitted under the Credit Information Companies (Regulation) Act, 2005, with FDI and registered FII portfolio investment allowed up to 49% subject to prior Government approval and RBI regulatory clearance, and additional limits and conditions apply to FII participation in listed CICs.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Foreign investment limits in credit information companies require prior government approval and RBI clearance for participation.
Foreign investment in Credit Information Companies is permitted under the Credit Information Companies (Regulation) Act, 2005, with FDI and registered FII portfolio investment allowed up to 49% subject to prior Government approval and RBI regulatory clearance, and additional limits and conditions apply to FII participation in listed CICs.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
