Investment in Credit Information Companies

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..... Act, 2005, and in supersession of its direction on Investment in Credit Information Companies (CICs) dated November 29, 2013, Reserve Bank of India, being satisfied that it is necessary and expedient in the public interest to do so, hereby directs that investments directly or indirectly by any person, whether resident or otherwise, in a CIC, shall not exceed ten percent of the equity capital of t .....

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..... cognised stock exchange. 3. FII/FPI investment would be permitted subject to the conditions that: (a) A single entity should directly or indirectly hold below 10% equity; (b) Any acquisition in excess of 1% will have to be reported to RBI as a mandatory requirement; (c) FIIs/FPIs investing in CICs shall not seek a representation on the Board of Directors based upon their shareholding. .....

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