Supreme Court: Amalgamating Company Loss Cannot be Set Off Against Amalgamated Income || Supreme Court: Hostile Witness Deposition Admissible to the Extent it is Found Credible and Reliable || SC Upholds Penalty on Bank For Delay in Cheque Presentation under Consumer Protection Act || Karnataka High Court Orders Strict Statewide Implementation of Menstrual Leave Policy || Delhi HC: Emergency Arbitrator Awards are Not Binding on Indian Courts in Interim Relief Proceedings || Del HC Imposes ?10L Fine on Parle Agro For Non-Disclosure of Sales Revenue in Pepsico Trademark Case || Supreme Court: Spouse Cannot Withdraw Consent for Mutual Divorce After Settlement Agreement || Supreme Court Suspends PC Act Sentence of Former Minister Anosh Ekka, Flags Overlapping CBI Cases || Supreme Court: Magistrate’s Probe Order Can’t be Quashed on Accused’s Defence || Delhi High Court: No Adverse Inference if Handwriting Sample Refused Without Section 73 Disclosure

Reserve Bank of India (Issue and Pricing of Shares by Private Sector Banks) Directions, 2016- (Reserve Bank of India) (21 Apr 2016)

MANU/RMIC/0067/2016

Banking

The Reserve Bank of India issued Master Directions on the issue and pricing of shares by private sector banks. Under the provisions, pricing of shares by listed banks will be as per the SEBI formula, while unlisted banks will price shares as per the Companies Act. Banks will have to report to RBI with full details of the issue upon its completion.

Relevant : Issue and Pricing of Shares by Private Sector Banks MANU/DBOD/0061/2010

Tags : PRIVATE BANK SHARE ISSUE PRICING

Share :