RBI Registration for Core Investment Company (CIC)
A Core Investment Company (CIC) is a type of Non-Banking Financial Company (NBFC) that primarily holds
investments in group companies for long-term strategic purposes.
CICs are regulated by the Reserve Bank of India under the RBI Act and CIC Master Directions.
Registration with RBI is mandatory for certain categories of CICs based on asset size and leverage.
ND Savla & Associates assists businesses in structuring, registering, and maintaining compliance
for Core Investment Companies.
Key Characteristics of a Core Investment Company
Group Investments
At least 90% of total assets invested in shares, debentures, or loans to group companies.
Strategic Holding
Investments held for long-term ownership and control, not trading purposes.
No Trading Activity
CICs are restricted from trading in shares except for block sale or dilution.
Eligibility Criteria for CIC Registration
- Company incorporated under the Companies Act, 2013
- Minimum Net Owned Fund (NOF) as prescribed by RBI
- 90% or more assets invested in group companies
- At least 60% investment in equity instruments of group entities
- Limited financial activities outside group structure
Our Core Investment Company Services
Company Structuring
Advisory on structuring group entities to qualify as a CIC.
RBI Registration
Preparation and filing of CIC registration application with RBI.
Ongoing Compliance
Support for periodic returns, governance, and RBI reporting.
CIC Registration Process
- Assessment of group structure and asset composition
- Incorporation or restructuring of company
- Capital planning to meet NOF requirements
- Filing of application on RBI COSMOS portal
- RBI review, clarification, and registration approval
Who Should Register as a Core Investment Company?
- Business groups holding multiple subsidiary companies
- Family offices managing long-term group investments
- Holding companies with strategic equity stakes
- Group structures requiring RBI-recognised CIC status