SC: Exporters with Pending Applications Prior to Rule 96(10) Omission Entitled to IGST Refund || Bombay HC to Scrap Law College Intake Cuts if Mumbai University Follows Prescribed Timelines || Delhi HC Orders Removal of Derogatory Online Content Targeting Actress Tabu || Madras HC Orders Interim Elected Panel to Manage State Bar Council Affairs Until New Committee Forms || Patna HC: Whatsapp Messages Need Section 65B Certificate, Oral Evidence is Insufficient || Allahabad HC: Denying Maintenance That Forces Wife into Destitution Violates Art 21 Right to Dignity || Rajasthan HC Takes Suo Motu Notice of Structural Defects After IIT Bombay Warns Dome May Collapse || Bombay HC: 0.1 Mg Above Alcohol Limit is Insufficient to Warrant a Drunken Driving Trial || Supreme Court: Marking a Document as an Exhibit Does Not Prove its Contents || Supreme Court: Unpaid Consideration Alone Does Not Invalidate a Sale Deed

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 :