Supreme Court: Banks Cannot Effectively Blacklist Lawyers by Placing Them on Caution Lists || Madras HC: Advocates Can't Seek Out-of-Turn Case Listing Through Writ Petitions || J&K&L HC: Vehicle Can't Remain in Police Custody During NDPS Trial over Possible Confiscation || J&K&L HC: Prolonged Stagnation in Small Cadres Does Not Grant Right to Promotion || Delhi HC Rejects Bail Plea of Athar Khan in Alleged Delhi Riots Conspiracy || Delhi HC Full Bench: School Employee's Suspension Ends if DOE Approval Isn't Given in 15 Days || Allahabad HC: Mere Note of Failed Conciliation Not Sufficient for Lok Adalat Proceedings || Delhi HC: Govt Created 'Utter Chaos' in OBC Reservation Rules Through Conflicting Notifications || Calcutta HC: Acceptance of Rent After Quit Notice Doesn't Waive Tenancy Termination || Delhi HC Flags EFI Selection Criteria Breach in Asian Games Dressage Team, Declines to Interfere

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 :