Explore the concept and regulations surrounding Core Investment Companies (CICs) as interpreted by the Reserve Bank of India (RBI). Understand the criteria for CIC classification and its implications for lending and financing businesses in India.
Understand whether stamp duty is applicable on off-market transfers of securities without consideration, such as gifts or legacy transfers, as per the Indian Stamp Act amendments.
Understand the impact of RBI’s Scale-based Regulations on NBFCs, including Base, Middle, and Upper layers, with insights on asset size and regulatory compliance.
Dear Friends , we all know that being an NBFC it has to confirm to the requirement of both Companies Act 2013 as well as RBI. Though both regulaor complement each other to the extent possible but not always and not in all circumstances because of the constitution of NBFC and apex bank’s continuous monitoring. […]
