The Securities and Exchange Board of India (SEBI) has issued an advisory on 4 November 2024 (2024 Press Release), cautioning investors against undertaking trading activities through unauthorised platforms offering virtual trading services, paper trading or fantasy games based on real time stock price data of listed companies.
In an endeavour to crack down on coaching institutes that make false or misleading claims to promote their courses, the Central Consumer Protection Authority (CCPA) has issued the Guidelines for Prevention of Misleading Advertisements in the Coaching Sector 2024 (Guidelines).
India’s emergence as an investment haven and a shining market for consumer products, has augmented a spurt in green consumerism with environmentally conscious customers, and their sensitivity is being manipulated by companies, with an upsurge in greenwashing claims rampantly creating a false impression of being environmentally sustainable.
Karnataka is a state in southern part of India and has been home to many global capability centres (GCCs) established by international corporations. Its capital city Bengaluru is also widely recognized as the information technology hub of India.
The Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021 (Delisting Regulations) sets out a detailed mechanism for promoters to delist listed companies while ensuring that all public shareholders are provided a fair and equitable exit. Under the erstwhile regime, the exit price was determined through a reverse book building (RBB) process based on the prices at which bids were placed by public shareholders as they deemed fit.
On 20 September 2024, the Bombay High Court (BHC) struck down Rule 3(i) (II)(A) and (C) of the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Amendment Rules 2023 (Challenged Rule) which amended Rule 3(1)(b)(v) of the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules 2021 (IT Rules)
Pursuant to announcements made during the Union Budget 2024-25 speech to simplify rules and regulations for foreign investments, the Department of Economic Affairs, on 12 September 2024, notified the Foreign Exchange (Compounding Proceedings) Rules 2024 (Rules) superseding the Foreign Exchange (Compounding Proceedings) Rules 2000 (Erstwhile Rules).
Section 234 of the Companies Act 2013 (Companies Act) and Rule 25A of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 (Companies Merger Rules) permit mergers and amalgamations between Indian companies and companies incorporated in certain jurisdictions outside India.
