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CIC REGULATIONS
'BCCI not a public authority under RTI Act': CIC overturns its 2018 orderThe Central Information Commission has ruled that Board of Control for Cricket in India does not qualify as a “public authority” under the ...
RBI should reject Tata Sons application to deregister as a CIC: InGovern ResearchCorporate governance firm InGovern Research Services urged the RBI to reject Tata Sons' application to deregister as a Systemically Importa...
Canada increases validity of work authorisation support letters for foreign workers on maintained statusCanada has extended work authorization support letters (WP-EXT) to 365 days for foreign workers on maintained status, a significant increas...
Insurance surety bonds data gaps under regulatory lensIn a proactive move to strengthen the financial landscape, Indian regulators are gearing up to close the reporting voids surrounding insura...
RBI proposes upper layer NBFCs to be defined by absolute asset size of ₹1 lakh crore+Reserve Bank of India is proposing a new rule for identifying top NBFCs. A simple asset size of Rs 1 lakh crore will now determine classifi...
CIC flags Aadhaar update delays, asks UIDAI to fix timelinesThe Central Information Commission has highlighted delays in updating Aadhaar details. It has asked the Unique Identification Authority of ...
CIC has powers to constitute benches, frame regulations, says SCThe Supreme Court reaffirmed the autonomy of the Central Information Commission, stating that its ability to frame regulations for bench co...
View: Privacy rules around credit information companies need tighteningThe volume of data that flows into a CIC is humongous. All the CICs are expected to receive credit information from all CIs as per RBI stip...
Credit bureaus to be brought under RBI's ombudsmanThe regulator said there will also be a provision for SMS and email alerts to customers when their credit information is accessed from CICs...
Reserve Bank of India introduces internal ombudsman mechanism for CreditInformation CompaniesThe directions, issued by the Reserve Bank of India, include the appointment/tenure, role and responsibilities, procedural guidelines, and ...
RBI's move to bring credit information companies into ombudsman scheme expected to quicken redressalsGovernor Shaktikanta Das said introduction of the ombudsman scheme has led to a reduction in the time taken to solve consumer problems and ...
Now you can take your unresolved credit score complaint to RBIThe Reserve Bank of India (RBI) has announced that individuals having issues with credit information companies such as CIBIL, Experian, Equ...
IL&FS Impact: RBI tighens CIC regulationsThe recommendations are from a committee formed under former corporate affairs secretary, Tapan Ray which was formed to suggest a new regul...
Credit bureaus want RBI to make payments banks its membersRBI gave in-principle nod to 11 aspirants to set up payments banks last August. While some like Tech Mahindra and Cholamandalam have since ...
Sebi proposes allowing foreign VCs in infra investment firmsSebi today proposed allowing Foreign Venture Capital Investors (FVCIs) in Core Investment Companies (CICs) for infrastructure sector to hel...
- Take prior nod before overseas JV investments: RBI to CICs
The Reserve Bank today said core investment companies (CICs) would require prior approval from the RBI for investing in joint ventures/subs...
- RBI should reconsider its norms for core investment companies
A non-banking finance company (NBFC) is required to register with the Reserve Bank of India (RBI) and comply with the net-owned fund (NOF) ...