Supreme Court: Wait-Listed Candidates Have No Vested Right After List Expiry || SC: Reserved Candidates Scoring Above General Cut-Off Must be Considered For Open Posts || SC: AICTE Regulations Do Not Govern Direct Recruitment of Engineering Professors by State PSCs || Supreme Court: High Courts To Decide Article 226(3) Applications Within Two Weeks || SC: State Agencies are Competent To Probe Corruption Cases Against Central Government Officers || Allahabad High Court: Wife May Claim Education Expenses; Adverse Inference If Husband Hides Income || Patna High Court: Cruelty Claims Against In-Laws are Unlikely Without Shared Residence or Interaction || Patna HC: Aadhaar and GPS-Based Attendance For Medical College Faculty Does Not Violate Privacy || Allahabad HC: Victim Compensation under POCSO Act Cannot be Withheld For Lack of Injury Report || MP HC: Diverting Goods From Delivery Point is Misappropriation under S.407 IPC

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 :