https://www.taxtmi.com/caselaws?id=470851 Reserve Bank of India was required to determine the pending application for acknowledgment of a share transfer in Tamilnad Mercantile Bank independently on the available materials, applicable policy, circulars and guidelines. Earlier observations were treated as tentative and could not solely guide the decision. The acknowledgment application was directed to be decided by 28 February 2011, with the earlier interim arrangement modified and restrictions imposed pending that determination. en-us Thu, 14 Oct 2010 00:00:00 +0530 Tue, 11 Aug 2026 15:26:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470851 Reserve Bank of India was required to determine the pending application for acknowledgment of a share transfer in Tamilnad Mercantile Bank independently on the available materials, applicable policy, circulars and guidelines. Earlier observations were treated as tentative and could not solely guide the decision. The acknowledgment application was directed to be decided by 28 February 2011, with the earlier interim arrangement modified and restrictions imposed pending that determination. Case-Laws Indian Laws Thu, 14 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470851