Supreme Court Grants Probation to Convicts; Rules Fine-Only Cases Also Eligible || SC Disposes Plea on Allied Health Course Moratorium After NCAHP Issues 2026–27 Guideline || Supreme Court Grants Promotion Relief to Employee Denied Relaxation, Calling it Discrimination || Patna HC: Tender Lapses if Not Extended on Time & Delay Cannot be Cured by Repeated Representations || Delhi HC Directs Strict Compliance With SC Orders For Release of Undertrials After 1/3rd Sentence || MP HC Grants Bail to Two Muslim Men Arrested over Instagram Reel Allegedly Supporting Iran || SC: General Reference to a Tender’s Arbitration Clause Does Not Incorporate it into a Contract || Supreme Court: Partnership Veil May be Lifted to Detect Illegal Sub-Letting Arrangements || Supreme Court: Lower Dearness Relief For Pensioners than Employees' DA is Arbitrary under Article 14 || Supreme Court: NCLT Should Not Assess Merits of Pre-Existing Dispute in Section 9 Applications

Reserve Bank of India (Amalgamation of Private Sector Banks) Directions, 2016- (Reserve Bank of India) (21 Apr 2016)

MANU/RMIC/0070/2016

Banking

The Reserve Bank of India notified Master Directions regarding amalgamation of two banking companies or of a banking company and an NBFC. For both, amalgamation proposals have to be approved by two-third majorities of the total Board members, not just those forming quorum.

The Directions cover the procedure for amalgamation and enumerate the entitlements of dissenting shareholders.

Relevant : Report reviewing supervisory role of Boards MANU/DBOD/0040/2002 Guidelines for Merger /Amalgamation of Private Sector Banks MANU/DBOD/0034/2005

Tags : AMALGAMATION PRIVATE BANKS NBFC

Share :