Supreme Court Allows Cross-Examination on Brand Use Despite Written Statement Not Being on Record || Supreme Court: Enquiry Needed Before Dismissal for Suppressing Criminal Antecedents || Supreme Court: Trading While Holding Confidential Information Indicates Insider Trading || Supreme Court Explains Four-Step Test to Quash Criminal Cases Using Defence Material || Supreme Court Acquits Man in Minor Rape Case, Flags HC's Medical Evidence Lapse || Bombay HC: Minor’s Inability to Describe Sexual Act No Ground to Reject Her Testimony || Delhi HC: Wife’s Interim Maintenance Cannot be Based Solely on Husband’s Income || Calcutta HC: SLSA Cannot Adopt ‘Big Brother’ Approach Over Adult Victims’ Compensation || Allahabad HC: Further Investigation Permissible Even After Final Report is Accepted || Allahabad HC: Court-Directed Award Cannot be Challenged for Not Computing Market Value

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 :