https://www.taxtmi.com/news?id=13929 A Systemically Important Core Investment Company (CIC-ND-SI) must meet asset-size and composition conditions, holding the vast majority of net assets as investments in group companies with a substantial portion in equity, refrain from trading investments except by block sale, not undertake prescribed NBFC financial activities, and not accept public deposits. CICs accessing public funds and meeting thresholds require RBI registration; smaller or non-public-fund-accessing CICs are exempt. Only direct investments in companies count towards the core investment test, outside liabilities include repayable obligations, and separate rules govern overseas financial-sector investments and adjusted net worth compliance. en-us Wed, 11 Feb 2015 17:45:25 +0530 Wed, 11 Feb 2015 17:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13929 A Systemically Important Core Investment Company (CIC-ND-SI) must meet asset-size and composition conditions, holding the vast majority of net assets as investments in group companies with a substantial portion in equity, refrain from trading investments except by block sale, not undertake prescribed NBFC financial activities, and not accept public deposits. CICs accessing public funds and meeting thresholds require RBI registration; smaller or non-public-fund-accessing CICs are exempt. Only direct investments in companies count towards the core investment test, outside liabilities include repayable obligations, and separate rules govern overseas financial-sector investments and adjusted net worth compliance. News - Wed, 11 Feb 2015 17:45:25 +0530 https://www.taxtmi.com/news?id=13929