Supreme Court: Inclusion in Revised Select List Does Not Give TN MV Inspectors a Vested Right || Bombay HC: ICC Cannot Hear Sexual Harassment Complaint over Non-Employer Transport Incident || Ker HC Upholds Rule that Homeopathic Doctors Must Cancel Registration Before Enrolment as Advocates || J&K&L HC: Evidence Negating Penetration Warrants Conviction For Attempt to Rape, Not Rape || Karnataka High Court Rules on Daughter’s Coparcenary Rights in Grandfather’s Self-Acquired Property || Madhya Pradesh HC: Police Can be Prosecuted for Custodial Violence Without Prior Sanction || AP HP Criticized Authorities and Ordered Removal of an Ex-Serviceman’s Land From the Prohibited List || Kerala High Court Upheld the Conviction of a Madrasa Teacher in a Child Sexual Assault Case || Gauhati High Court: Pending Criminal Case Cannot Indefinitely Delay an MBBS Pass Certificate || SC Took Suo Motu Action and Directed Odisha to Aid a Visually Impaired Man and His Mother

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 :