SC: Advocate Must Protect Client Confidentiality Even after Client Turns Adversary || SC: Revenue Record Mutation Alone Cannot Defeat a Person’s Property Title || SC: SARFAESI Auction Valid Despite EMD Shortfall Where 25% Price Was Paid on Auction Day || SC: Extended GST Limitation under S.74 Requires Notice to Specify Fraud or Concealment || Allahabad HC Invalidates Key Provisions of Uttar Pradesh Tenancy Law || Delhi HC: Writ Courts Cannot Prescribe Method for Determining Property Tax || Bombay HC: ICC’s ‘No Sexual Element’ Finding Can Be Challenged under POSH Act || Rajasthan HC: Road Widening Demolition Requires Title Claims and Fair Hearing || Allahabad HC: Mere Presence or FIR Nomination is Insufficient for Conviction under Section 149 IPC || MP HC: Employment Secured Through Forged Records Gives No Right to Hold Public Office

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 :