Supreme Court Upholds Conviction as Husband Failed to Explain Wife’s Death in Matrimonial Home || Supreme Court: Crime Scene Re-Enactment Does Not Always Violate Right Against Self-Incrimination || Supreme Court: Cognizance Taken Without Hearing Accused under BNSS Section 223 is Void Ab Initio || Supreme Court Upholds Will in Sister’s Favour, Says Excluding Natural Heirs is Not Suspicious || Delhi HC: Absence of Public Witnesses and Videography in NDPS Recovery Relevant for Bail Decisions || Raj HC Initiates Suo Motu Cognizance Over Severe Water Crisis in Jodhpur, Issues Interim Directions || Del HC: Courts Cannot Direct, Monitor Inquiry Into Police Delay in Investigation After Bail Decision || Supreme Court: After the BNSS, a Pre-Cognizance Hearing is Mandatory in PMLA Cases || SC: Landowners Cannot be Forced to Waive Statutory Compensation to Claim Other Benefits || Supreme Court: Banks are Lenient With Big Borrowers But Strict With Ordinary Loan Applicants

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 :