NBFC Core Investment Company

NBFC Core Investment Company (CIC)

Some business groups don’t want to run a lending business. They simply want one holding company that owns shares, provides strategic direction, and manages group investments. That’s where an NBFC Core Investment Company comes in.

A CIC doesn’t deal with the public. It holds at least 90% of its net assets in group equity, preference shares, or debt instruments and keeps business activities internal. But because it sits at the center of a financial ecosystem, RBI regulates it carefully.

We help corporate promoters set up, structure, register, and maintain CIC compliance with confidence.

What We Assist With

Registration & Structuring

• Determining CIC classification and eligibility

• Company incorporation aligned with RBI requirements

• Shareholding and group structure planning

• Drafting MoA/AoA with investment-focused objects

RBI Compliance & Registration

• Application drafting, annexures, declarations

• Financial, net asset, and valuation documentation

• Uploading and tracking approval status

• Handling queries and clarifications

Post-Registration Compliance

• Annual return filing and statutory reporting

• Monitoring NOF, leverage, and asset composition

• Policy drafting: KYC, risk, governance, investment

• Internal audit, RBI inspection support

Corporate Group Support

• Inter-company loans, guarantees, and investments

• FEMA, FDI, and funding compliance

• Restructuring, mergers, demergers, and exits

Key Eligibility Criteria

• Company incorporated in India

• At least 90% of net assets invested in group companies

• Not less than 60% of net assets in group equity shares

• Does not trade investments except for strategic divestment

• Does not accept public deposits

• Meets prescribed Net Owned Fund requirements (₹100 crore for CICs requiring RBI registration)

Documents Required

• COI, MoA, AoA, PAN, CIN

• Audited financial statements

• Group structure chart and shareholding breakup

• Board and shareholder resolutions

• Net worth certificates and NOF computation

• Director KYC, profiles, credit reports

• Business and investment policy framework

Timeline

• Entity incorporation: 7–12 days

• Application preparation: 3–5 weeks

• RBI approval: depends on complexity and review cycle

Why Groups Choose a CIC Structure

• Clean holding and governance framework

• Simplifies funding, guarantees, and cross-group investments

• Improves transparency for investors, lenders, and regulators

• Helps manage risk, ownership, and long-term strategy

• Regulatory credibility and governance discipline