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At the same time, the MCA has set up a new center to help companies close down faster and easier than before. Now, it will take about 100 days to shut down a company voluntarily
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Reserve Bank of India (RBI) has granted approval to Life Insurance Corporation of India (LIC) for acquiring up to 9.99% aggregate holding in HDFC Bank, the nation's largest private sector bank.
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These, together, provide an overarching regulatory framework to enable Public Indian companies to issue and list their shares in permitted international exchanges.
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