SC: Oraon Tribe Custom Doesn't Allow Uncle-In-Law to Adopt Niece's Husband as Ghar Damad || Kerala HC Approves New Public Prosecutor Appointment Guidelines After a Minor Revision || Rajasthan HC Clarifies Criminal Writ Petitions Have No Separate Constitutional Status || Delhi HC Clarifies if Whatsapp Acknowledgment Can Make an Arbitral Award Binding || Allahabad HC: Limitation Cannot be Extended Through Belated Representations or Letters || Madras HC: Private Schools Fall Outside RTI but Must Disclose Fee Structure || Bombay HC Orders Removal of AI-Made Deepfakes and Morphed Images of Preity Zinta || P&H HC: BNSS Pre-Cognizance Hearing Doesn't Apply to Serious Fraud Investigation Office Cases || Madras HC: Election Plea Becomes Infructuous After Assembly Term Ends, Barring Corruption || Supreme Court: Banks Cannot Effectively Blacklist Lawyers by Placing Them on Caution Lists

Changes proposed in timeframe for issue of shares and reporting of FDI- (Reserve Bank of India) (04 Feb 2016)

MANU/RPRL/0053/2016

Banking

The Reserve Bank of India has proposed changes in respect of the time frame for issuing shares to align provisions of the Foreign Exchange Management Act, 1999 which requires an investee company receiving Foreign Direct Investments to issue shares within 180 days of receipt of foreign investment with the provisions of the Companies Act, 2013 and in respect of filing of report with the Reserve Bank regarding receipt of foreign investment and issue of shares. Comments are being received till 22nd February, 2016.

Tags : RBI TIMEFRAME ISSUE REPORTING SHARES FDI

Share :