RBI prescribes eligibility criteria for categorization of entities as a ‘Specified User’ under CIC regulations

The RBI has issued eligibility criteria for entities to be categorised as Specified User under Credit Information Companies (Amendment) Regulations, 2021. Among other requirements amendment states that an entity shall be a company or Statutory Corporation incorporated in India. It should have a net worth of not less than Rs. 2 crores, and shall meet the requirement on a continuing basis.The RBI has issued eligibility criteria for entities to be categorised as Specified User under Credit Information Companies (Amendment) Regulations, 2021. Among other requirements amendment states that an entity shall be a company or Statutory Corporation incorporated in India. It should have a net worth of not less than Rs. 2 crores, and shall meet the requirement on a continuing basis.taxmann.com Latest Statutory HappeningsRead More

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