Notification on guidelines on Acquisition and Holding of Shares or Voting Rights in Banking Companies (dated- 16.01.2023) – RBI

  • 18th, January 2023
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Notification on guidelines on Acquisition and Holding of Shares or Voting Rights in Banking Companies (dated- 16.01.2023) – RBI

  •  Reserve Bank of India, vide a notification issued guidelines on Acquisition and Holding of Shares or Voting Rights in Banking Companies shall be read along with Reserve Bank of India (Acquisition and Holding of Shares or Voting Rights in Banking Companies) Directions, 2023, and applicable provisions of the Banking Regulation Act, 1949. These guidelines ask prior approval from RBI for every major shareholder of a company. It also prescribes limits on shareholding, lock-in, and ceiling on voting rights while mandating regular updates on developments for continuous monitoring. Please refer to the notification for more details.
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