RBI Constitutes Working Group on Core Investment Companies; Head- Tapan Ray

The Reserve Bank of India has constituted a Working Group to Review Regulatory and Supervisory Framework for Core Investment Companies.
The working group has six members and is headed by Shri Tapan Ray. He is a Non-Executive Chairman of Central Bank of India and former Secretary, Ministry of Corporate Affairs, Govt. of India.
The committee will suggest measures to strengthen corporate governance and disclosure requirements for CICs, assess the adequacy of supervisory returns submitted by CICs and suggest changes therein and various other things for the betterment of CIC.

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