Chhattisgarh HC: Complaints Without Disciplinary Action Cannot Affect a Judge's Seniority || Delhi HC Upholds Selection of India's Dressage Team For the 2026 Asian Games || MP High Court Orders State to Airlift Gas Pipeline Blast Victim to Ahmedabad For Treatment || Delhi HC: Memorandum of Past Oral Family Settlement Needs No Registration if No New Rights Arise || Chhattisgarh HC: Denying Marriage in Live-In Relationship Does Not Constitute Rape || Madhya Pradesh High Court: BSF Must Assess Criminal Charge Gravity Before Declaring Candidate Unfit || Bihar Tender Scam: Patna High Court Bars Media From Calling Accused 'Scamster' Before Trial || Gujarat HC Terms Plea ‘Wholly Misconceived’ and Imposes Rs. 2 Lakh Cost over ASI Somnath Survey || Gauhati HC Differs on Whether ED’s ‘Reason To Believe’ For Property Attachment is Confidential || MP High Court Grants Bail To Tehelka Journalist, Noting Implication After Exposing Foeticide Racket

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 :