RBI Approval & Structuring Support by N D Savla & Associates

A Core Investment Company isn’t a lending business. It’s a holding structure. And RBI treats it that way.

CIC registration is meant for groups that hold investments in subsidiaries and group companies, not for entities doing regular financing or public lending. Because CICs sit at the top of group structures, RBI focuses heavily on governance, capital strength, and long-term intent.

At N D Savla & Associates, we help business groups register CICs that are cleanly structured, regulator-aligned, and future-proof.

What Is a Core Investment Company?

A Core Investment Company is a type of NBFC that:

• Holds investments in group companies

• Does not carry on trading of investments

• Does not accept public deposits

• Does not carry out lending except to group entities

CICs are governed by specific RBI regulations and are primarily used as holding or promoter-level entities.

When Is CIC Registration Required?

CIC registration with RBI becomes mandatory when:

• The total assets exceed ₹100 crore

• Investments in group companies exceed 90% of total assets

• Equity investments in group companies exceed 60% of total assets

If these thresholds are crossed, RBI registration is not optional.

Eligibility Criteria for CIC Registration

To qualify as a CIC, the company must:

• Be incorporated under the Companies Act, 2013

• Maintain minimum Net Owned Fund as prescribed by RBI

• Have majority investments in group companies

• Follow restricted operational activities as per CIC norms

• Maintain strong governance and board oversight

We assess eligibility upfront to avoid misclassification risks.

Our Core Investment Company Registration Services

1. CIC Feasibility & Classification Review

We start by analysing:

• Existing group structure

• Asset composition and investments

• Compliance exposure under RBI norms

• Requirement for CIC registration

This step decides whether CIC registration is needed or avoidable.

2. Group Structuring & Capital Planning

We assist with:

• Asset and investment restructuring

• Net Owned Fund alignment

• Shareholding and promoter structuring

• Board and governance setup

CIC structuring must withstand both regulatory and future transaction scrutiny.

3. Documentation & Policy Preparation

We prepare:

• Business note and investment rationale

• Group structure and shareholding disclosures

• Declarations and undertakings

• Governance and compliance framework

Documentation clarity plays a major role in RBI approval.

4. RBI Application & Approval Process

We handle:

• Filing of CIC registration application

• Submission of supporting documents

• RBI query management and clarifications

• Continuous follow-up until approval

Our focus stays on precision and regulatory alignment.

5. Post-Registration Compliance Support

After registration, we support:

• CIC annual and periodic RBI compliances

• Governance and reporting frameworks

• Inspection readiness

• Advisory on group restructuring or investments

CIC compliance is lighter than NBFCs, but still critical.

Why Choose N D Savla & Associates?

CIC registration is about judgment, not volume.

• Deep experience with RBI-regulated structures

• Clear understanding of group and holding entities

• Practical structuring advice

• End-to-end handling from review to approval

• Single-point accountability

We don’t overcomplicate. We get the structure right.