SC: CIRP Can Continue Despite Fraudulent Insolvency Plea That Triggered It || Delhi HC: Senior Citizen May Seek Eviction of Daughter-in-Law for Ill-Treatment || Delhi HC: Mere Possession of Visa Does Not Confer an Unconditional Right to Enter India || Delhi HC: Every Insensitive or Objectionable Matrimonial Act Does Not Amount to Cruelty || J&K&L HC: Fake Driving Licence Does Not Exonerate Insurer If Driver Has a Valid Licence || P&H HC: Safety Council Report and CCTV Cannot Be Rejected at Charge Stage for Lack of Proof || Delhi High Court Stays Rs. 213 Crore SAIL Payout to British Firm over Unstamped Arbitral Award || Allahabad HC: Bar Council Cannot Suspend Advocate’s Licence Pending Disciplinary Inquiry || SC: CIRP Need Not Be Set Aside Solely for Fraudulent Filing of Section 9 Plea || Supreme Court: Compromise Decree Passed Without Impleading Necessary Party is Void

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 :