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Tapan Ray Committee
November 9 , 2019
1716 days
1065
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- The Reserve Bank of India (RBI) has formed a committee headed by Tapan Ray to review regulatory guidelines and supervisory framework applicable to core investment companies (CICs).
- Recently this Committee has submitted its recommendations to the RBI.
- Currently, corporate governance guidelines are not explicitly made applicable to CICs.
CIC
- Core investment companies are non-banking financial companies (NBFCs).
- It undertakes the business of acquisition of shares and securities.
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