NCLAT: Can File App. u/s 7 of IBC when Entire Liability Not Discharged after Selling Pledged Shares || NCLAT: Recovery Proceedings before DRT doesn’t Prohibit Financial Creditors from Filing App. u/s 7 || Ker. HC: Women Face Discrimination at Multiple Level Due to their Inter- Sectionality || Del. HC: Amounts Received by ERC under Filing Fee, Tariff Fee Not Exigible to Tax || Ker. HC: Equity, Justice, Convenience Govern the Question Whether Joint Trial is Required or Not || Ker. HC: Equity, Justice, Convenience Govern the Question Whether Joint Trial is Required or Not || Delhi HC: Benchmark of Rs. 50 Lakh Income to be Met at Initiation of Reassessment Proceedings || MP HC: No Prohibition on Issuance of Passport without Father’s Consent || Del. HC: Samsung India Electronics is Not Samsung Korea’s Permanent Establishment in India || Guj. HC: Machines Used for Welding in Residential Society is Nuisance

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 :