InGovern Urges RBI to Deny Tata Sons’ Request for CIC Deregistration
Proxy advisory firm InGovern Research Services has formally urged the Reserve Bank of India (RBI) to reject Tata Sons‘ application to surrender its status as a Core Investment Company (CIC). The request, which surfaced earlier this year, seeks to exempt the salt-to-software conglomerate from the stringent regulatory oversight mandated for systemically important non-banking financial companies….