https://www.taxtmi.com/news?id=26102 Acquisitions that create major shareholders require prior approval from the Reserve Bank, with applicants filing Form A and undergoing a fit and proper due diligence; the Reserve Bank may impose conditions and validity periods, require fresh approval if aggregate holdings fall below or rise above thresholds, prohibit new major investments from certain non compliant jurisdictions while allowing existing holdings subject to review, and apply quantitative shareholding ceilings, lock in and voting caps with reporting obligations for material changes. en-us Tue, 17 Jan 2023 17:16:13 +0530 Tue, 17 Jan 2023 17:16:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=26102 Acquisitions that create major shareholders require prior approval from the Reserve Bank, with applicants filing Form A and undergoing a fit and proper due diligence; the Reserve Bank may impose conditions and validity periods, require fresh approval if aggregate holdings fall below or rise above thresholds, prohibit new major investments from certain non compliant jurisdictions while allowing existing holdings subject to review, and apply quantitative shareholding ceilings, lock in and voting caps with reporting obligations for material changes. News - Tue, 17 Jan 2023 17:16:13 +0530 https://www.taxtmi.com/news?id=26102