Karnataka HC: Ex-Parte Order of German Court Granting Custody to Mother Not Acceptable || P&H HC Issues Guidelines to Check Unnecessary Arrests || SC: Members of RPF Can Seek Benefit Under Employees Compensation Act || SC: For Appling S.106 of TPA, Tenant Must Prove That Premises was Leased for Manufacturing Purpose || SC: Courts Should Restrain While Exercising Judicial Review in Contracts Involving Technical Issues || Del. HC: Accrual of Cause of Action at a Place is not a Consideration for Determining Jurisdiction || Mad. HC to State: Prevent use of Stickers such as ‘Police’ or ‘GOI’ on Private Vehicles || Bom. HC: Magistrate Needn’t Provide Additional Reasons for Amount of Interim Compensation Awarded || Del. HC: ‘THEOBROMA’ is Free to Expand its Outlets Across the Country || Ker. HC: Detention Order Under KAPPA 2007 must be Confirmed Within 3 Months from Date of Execution

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 :