On 6 November 2019, BRZ CVM extended comment period on lawsuits, until Dec. 12, 2019. The 10 October 2019, Consultation launched on the minimum percentages of shares needed to have lawsuits. Draft initiative seeks to adopt the reduction, provided for under art 291 law 6.404/76. Shareholding for Lawsuits Draft instruction establishes scale reducing, in function…
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India – RBI Bank Shareholding Fine
On 7 June 2019, IND RBI fined Kotak Mahindra Bank for disclosures. This action is based on deficiencies in following regulatory compliance directive. Charges The bank was told to submit information about details of the shareholding held by its promoters and submit details of proposed course of action/plan/strategy. For complying with the permitted timeline for…
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