Tapan Ray Panel

Question 1

Who has constituted this panel ?

Answer 1

RBI

Question 2

Reason ?

Answer 2

To examine current regulatory framework of Core Investment Companies (CIC’s)

Question 3

What are CIC’s ?

Answer 3

It is a NBFC carrying on business of acquisition of shares and securities and which

1) Holds not less than 90% of its net investment in equity shares, preference shares, bonds etc in group companies
2) Its investments in the equity shares in group companies constitutes not less than 60% of its net assets