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Mar 31, 2015
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Prior RBI nod may be mandatory for NBFC acquisitions
To tighten rules for the takeover of non-banking financial companies (NBFCs) the Reserve Bank of India (RBI) might make it mandatory for acquirers to take the regulator’s prior approval for such deals.
RBI’s consent might be required for any takeover or acquisition of control of an NBFC, which might or might not result in change of management, said the central bank in draft norms on NBFCs, which have been placed on the central bank’s website.
Source -
http://www.business-standard.com
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