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

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....he 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 the Reserve Bank of India (Issue and Pricing of Shares by....

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....gulation 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. CHAPTER - 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 Iss....

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....the case may be in compliance with the Companies Act 2013 /SEBI guidelines. 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 of the routes shall be subject to compliance with the extant RBI Master Directio....

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....st allotment shareholding position, etc, along with a copy of Board / AGM Resolution and prospectus / offer document in the format given in the schedule to these Directions. CHAPTER - IV REPEAL AND OTHER PROVISIONS 6. With the issue of these Directions, the instructions / guidelines contained in the following circulars issued by the Reserve Bank stand repealed: i. DBOD.No.BC.76/1....