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FDI in Credit Information Companies (CIC) in India

Sectoral Caps - FDI in Credit Information Companies (CIC) in India

% of Equity/ FDI Cap
Entry Route
Credit Information Companies

Other Conditions

(1) Foreign investment in Credit Information Companies is subject to the Credit Information Companies (Regulation) Act, 2005.

(2) Foreign investment is permitted subject to regulatory clearance from RBI.

(3) Such 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; and
(c) FIIs/FPIs investing in CICs shall not seek a representation on the Board of Directors based upon their shareholding.

Reference: Clause 5.2.20 of the Consolidated FDI Policy Circular of 2016 (D/o IPP F. No. 5(1)/2016-FC-1 Dated the June 07, 2016) issued by Department of Industrial Policy & Promotion, Ministry of Commerce & Industry, Government of India.

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