Supreme Court: Permanent Alimony Should not Penalize the Husband || SC Reserves Judgement on Plea by Transwoman Whose Appointment was Cancelled on Gender Identity || Lok Sabha Introduces the Merchant Shipping Bill, 2024 || NCLAT: If Liquidation Cost Not Paid as Per Regulations, Security Interest Shall Stand Relinquished || SC Refers to Larger Bench Conflicting Interpretation Surrounding Sections 14(1) & 14(2) of HSA || Supreme Court: There Has Been a Growing Tendency to Misuse Section 498A of IPC by Wife || Inordinate Delay in Execution of Death Sentence has a Dehumanising Effect on Accused || PC Granted to Woman Army Officer Who Was Denied Benefits Given to Similarly Situated Others || If Bodily Injury Caused with Lethal Weapon, Lack of Intention to Cause Murder Irrelevant || Must AddSection 304(II) of IPC In Accidents Involving Drunk Drivers

Revised directions for acquisition of shares and voting rights in private banks- (Reserve Bank of India) (19 Nov 2015)

MANU/RPRL/0207/2015

Banking

The Reserve Bank of India issued revised guidelines requiring prior approval for acquiring share or voting rights in private sector banks. Two amendments of note are: approval of the RBI prior to acquisition of shares or compulsorily convertible, or converting optionally convertible, debentures/bonds or voting rights; shareholders of banks with more than five per cent paid-up share capital to give an annual declaration to the bank on their ‘fit and proper’ status, or furnish information if such is not the case.

Tags : PRIVATE BANK VOTING RIGHTS ACQUISITION FIT AND PROPER

Share :