https://www.taxtmi.com/circulars?id=54535 RBI directs that any person's direct or indirect investment in a Credit Information Company shall not exceed ten percent of the equity, while allowing the Reserve Bank to permit higher foreign participation for investors with established credit bureau track records subject to ownership diversification, specified board composition, and preference for listed investors. FII/FPI investment is permitted under conditions including single-entity holding limits, mandatory reporting for acquisitions beyond a minimal shareholding, and prohibition on board representation. Where the investor is a wholly owned subsidiary of an investment holding company, applicable conditions apply to the operating group company providing technical know-how. en-us Thu, 19 May 2016 00:00:00 +0530 Thu, 19 May 2016 17:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54535 RBI directs that any person's direct or indirect investment in a Credit Information Company shall not exceed ten percent of the equity, while allowing the Reserve Bank to permit higher foreign participation for investors with established credit bureau track records subject to ownership diversification, specified board composition, and preference for listed investors. FII/FPI investment is permitted under conditions including single-entity holding limits, mandatory reporting for acquisitions beyond a minimal shareholding, and prohibition on board representation. Where the investor is a wholly owned subsidiary of an investment holding company, applicable conditions apply to the operating group company providing technical know-how. Circulars RBI Thu, 19 May 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54535