Supreme Court Unveiled Victim Protection Plan For Trafficking Survivors and Urged Legal Reforms || Supreme Court Cautioned Against the Misuse of False POCSO Cases in Matrimonial Disputes || Supreme Court Cautioned Against the Misuse of False POCSO Cases in Matrimonial Disputes || SC: Assigning Mathadhipati’s Secular Duties to Govt Officer Violates Art 26, Undermines Mahantship || Supreme Court: All MIDC Units are Exempt From Property Tax Until Services are Transferred to NMMC || Supreme Court: All MIDC Units are Exempt From Property Tax Until Services are Transferred to NMMC || SC: Arbitral Award Unenforceable if Invoked During Pending Civil Suit Without Court’s Permission || Delhi High Court: Participation in Protests Can't Be a Ground to Deny Bail in PMLA Case || Delhi High Court Lays Down Guidelines to Mask Personal Details in Orders under Right to be Forgotten || Raj HC: Poverty Cannot Defeat Right to Bail and Accused Cannot be Jailed For Lack of Sureties

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 :