Supreme Court: Anti-Suit Injunction Cannot Rest on Speculation of Unenforceable Foreign Decree || SC: High Court’s Location doesn't Become Arbitration Seat Merely by Appointing Arbitrator || SC Disapproves PIL Challenging Inter-Se Evaluation of Tender Bids || Delhi HC: Bail Grant or Cancellation Cannot Depend on Monetary Settlement With Complainant || Kerala HC Directs Bar Council to Publish List of Advocates Practising Without AIBE Clearance, CoP || Rajasthan HC: Candidate Cannot Blame E-Mitra for Failing to Correct Caste Category Within Deadline || Patna HC: Mere FIR Registration cannot Justify Cancellation of PDS Licence || Calcutta HC: NEET Medical Board Cannot Reassess Disability Percentage of PwBD Candidates || Madras HC: MLAs Cannot Challenge Assembly Vote Later if They Raised No Objection During Voting || Karnataka HC Upholds DRDO Land Acquisition, Citing Primacy of National Security

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 :