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    Prior approval of the RB

    Posted By : Abhishek Mishra / Published on : 04-Apr-2023 05:14 AM / View : 303 / Comment : 1

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    Hello All,

    Suppose, a person is holding 24% of paid up equity capital of an NBFC and
    acquires additional 2% of paid up equity capital. Does the transfer require a prior approval of the RBI?
    Read more on : approval prior

    • Dear Abhishek,

      If the aggregate shareholding of a person becomes 26% or more of the paid up equity capital of an NBFC by virtue of an acquisition or transfer of the share, such acquisition or transfer shall be subject to the prior approval of the RBI.

      Hope it helps

      04-04-2023 / 05:18:52 AM
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