Subscription   Feedback   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Articles Highlights TMI Notes SMS News Newsletters Calendar Imp. Links Database Experts Contact us More....
Extracts
Home List
← Previous Next →

Issue and Pricing of shares by Private Sector Banks, Directions, 2016

FEMA - DBR.PSBD.No.95/16.13.100/2015-16 - Dated:- 21-4-2016 - RBI/DBR/2015-16/21 Master Direction DBR.PSBD.No.95/16.13.100/2015-16 April 21, 2016 Master Direction - In exercise of the powers conferred by 35 A of the Banking Regulation Act, 1949 the R .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

the Reserve Bank of India (Issue and Pricing of Shares by Private Sector Banks) Directions, 2016. b. These directions shall come into effect on the day they are placed on the official website of the Reserve Bank of India (RBI). 2. Applicability The p .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

- Private Sector Banks means banks licensed to operate in India under Banking Regulation Act, 1949, other than Urban Co-operative Banks, Foreign Banks and banks licensed under specific Statutes. (ii) All other expressions unless defined herein shall .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

PTER - II TYPES OF ISSUES 4. Banks normally issue shares by way of: i) Public Issues a. Initial Public Offer b. Further Public Offer ii) Private Placement a. Preferential Issue b. Qualified Institutional Placement iii) Rights Issue iv) Bonus Issues C .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

issue of shares shall be in compliance with the provisions of Foreign Exchange Management Act, 1999 (FEMA) and extant Foreign Investment Policy of Government of India for Private Sector Banks. ii. The issue of shares shall be in compliance with the e .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

uidelines. iv. Pricing of shares through any of the routes by listed banks shall be as per SEBI formula, while for unlisted banks the pricing shall be as per Companies Act and rules made thereunder. v. Allotment of shares to the investors under any o .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

of RBI if the proposed acquisition results in aggregate holding of 5 per cent or more of the paid-up capital of the bank. vi. The specific regulatory limits permitted to the shareholders or the promoters / promoter group shall not be breached on acco .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

what is new what is new
  ↓     bird's eye view     ↓  


|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version