News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Circulars »
 Evolving Role of Central Banks (Shri Shaktikanta Das, Governor, Reserve Bank of India - June 17, 2019 - Delivered at the Lal Bahadur Shastri National Academy of Administration
 Auction for Sale (re-issue) of Government Stock (GS) June 17, 2019
 Auction of Government of India Dated Securities June 17, 2019
  Directions for Central Counterparties (CCPs)
  National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) systems – Waiver of charges
 1 Cr LPA-Opening Senior Chartered Accountant
 Directions for Central Counterparties (CCPs)
 Scheme for Reimbursement of MDR- withdrawal of RBI circulars
  RBI-Directions for Central Counterparties (CCPs)
 National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) systems – Waiver of charges
 Sale of Securities held in Held to Maturity (HTM) Category - Accounting treatment

FIIs/FPIs can now invest 24 to 49 per cent under PIS in M/s Satin Creditcare Network Limited
June, 20th 2017

The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Foreign Portfolios Investors (FPIs) can now invest from 24 per cent to 49 per cent of the paid up capital of M/s Satin Creditcare Network Limited under the Portfolio Investment Scheme (PIS).

The Reserve Bank has stated that M/s Satin Creditcare Network Limited has passed necessary resolution at Board of Directors` level and in its Annual General Meeting for increasing the FII/FPI investment limit under Portfolio Investment Scheme from 24% to 49% of the paid up capital of the company. The FIIs/FPIs can now purchase equity shares upto 49% of the paid-up capital of the company through primary/secondary markets in India.

Ajit Prasad 
Assistant Adviser

Press Release: 2016-2017/3415

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Work Flow Workflow Software Software Automation Workflow automation Software Design Workflow Design Business Work Flow Workflow automation tools

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions