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.
On 10 September 2024, provisions relating to merger control of the Competition (Amendment) Act 2023 along with the attendant rules and regulations have been made effective.
The 53rd GST Council meeting, which took place after an unnerving lapse of almost 8 (eight) months was amongst the biggest socio-economic events, both for this calendar year and in the third term of the incumbent. During this wait, the list of issues kept piling up, some of which were even critical from an investor sentiment perspective.
On 21 June 2024, the Ministry of Communications, through the Department of Telecommunications (DoT), issued a notification to enforce certain provisions of the highly anticipated Telecommunications Act, 2023 (Act). These provisions are set to take effect from 26 June 2024.
The 53rd GST Council Meeting which was scheduled after a gap of eight months on account of federal elections, was a much anticipated event. Amongst others, the key reason for this buildup and criticality was to see policy and rate rationalization with far reaching economic and social impact and most importantly, (re)gaining investor confidence to convey our position against retrospective levies.
On 14 June 2024 and 15 June 2024, the Ministry of Labour and Employment, Government of India, published a set of notifications (collectively, 2024 Notifications)
Amendments to the LODR last year, by way of SEBI (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2023 (2023 Amendment) to the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) 2015 (LODR) marked a paradigm shift in the disclosure requirements for listed entities.
