BE/RBINOTE/44/2020
What are Core Investment Companies?
Core Investment Companies (CICs) Core Investment Companies, (CIC) are those companies which have their assets predominantly as investments in shares for holding stake in group companies but not for trading, and also do not carry on any other financial activity.
However, RBI defines that a core investment company is a non-banking financial company (NBFC) which carries on the business of acquisition of shares and securities and holds not less than 90 percent of its net assets in the form of investment in equity shares, preference shares, bonds, debentures, debt or loans in group companies.
Here is an article regarding tightening of regulations for Core Investment Companies by RBI.
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