Supreme Court Directs Preventive Detention to Curb Illegal Mining in Chambal Sanctuary || SC: Courts Must Frame Points For Determination and Give Reasoned Judgments in Ex Parte Cases || Supreme Court: Clause Saying ‘Can Be Settled By Arbitration’ Does Not Mandate Arbitration || SC: Employees Appointed Without Advertisement or Interview Cannot be Regularised || Delhi HC: Non-Disclosure of Conflict By Andre Yeap Vitiates Arbitral Award in MSA Global Dispute || Punjab & Haryana High Court: Arrest Memo Alone Not Final Proof of Arrest Time || Rajasthan HC: Govt Department Cannot Terminate Outsourced Employee, Only Recommend Action || Raj HC: HRA and Allowances Part of Deceased's Income for Motor Accident Compensation Calculation || J&K& Ladakh HC: Executing Court Cannot Issue Levy Warrants While S.47 CPC Challenge is Pending || J&K &L HC: Husband’s Girlfriend Not ‘Relative’ Under Sec 498A IPC, Cannot Be Prosecuted for Cruelty

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 :