https://www.taxtmi.com/forum/issue?id=1893 A Core Investment Company is a non-banking financial company whose business is acquisition of shares and securities and which, as on the date of the last audited balance sheet, holds at least 90% of its total/net assets in investments in group companies and at least 60% of its total/net assets in equity (including certain convertible instruments) of group companies; net assets exclude cash, money market investments, advance tax and deferred tax; the CIC must not trade such investments except by block sale and may only undertake a limited set of permitted activities including specified investments, loans to group companies and guarantees for group companies. en-us Thu, 22 Apr 2010 11:41:58 +0530 Thu, 23 Jan 2025 15:58:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1893 A Core Investment Company is a non-banking financial company whose business is acquisition of shares and securities and which, as on the date of the last audited balance sheet, holds at least 90% of its total/net assets in investments in group companies and at least 60% of its total/net assets in equity (including certain convertible instruments) of group companies; net assets exclude cash, money market investments, advance tax and deferred tax; the CIC must not trade such investments except by block sale and may only undertake a limited set of permitted activities including specified investments, loans to group companies and guarantees for group companies. Discussion-Forum FEMA Thu, 22 Apr 2010 11:41:58 +0530 https://www.taxtmi.com/forum/issue?id=1893