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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 Reserve Bank of India being satisfied that it is necessary and expedient in the public interest so to do, hereby, issues the Directions hereinafter specified. CHAPTER - I PRELIMINARY 1. Short Title and Commencement a. These Directions shall be called .....

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- 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 have the same meaning as have been assigned to them under the Banking Regulation Act, 1949 or the Reserve Bank of India Act, 1934 or SEBI Guidelines or Companies Act and rules made thereunder or as used in commercial parlance, as the case may be. CHA .....

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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 extant SEBI guidelines, provisions of Companies Act and rules made thereunder. iii. The issue of shares through any of the routes shall have the approval from the bank s Board / AGM, as the case may be in compliance with the Companies Act 2013 /SEBI g .....

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