The Competition Commission of India has approved the proposed acquisition of C&S Electric Limited by Siemens Limited. The proposed combination envisages acquisition of 100% of the share capital of C&S Electric Limited (C&S) by Siemens Limited (Siemens India). A detailed
The Department of Industry Promotion and Internal Trade (DPIIT) has released a format for registration of bidders from countries which share land borders with India. The registration granted by this Department shall be only for the purpose of bid participation
Securities and Exchange Board of India (“SEBI”) vide its circular dated 21 August 2020, incorporated a new clause 8 (3) in SEBI (International Financial Services Centers ) Guidelines, 2015, stating that an entity whether based in India or outside India,
RBI vide its notification dated 21 August 2020, has issued certain instructions and guidelines to all the banks to be followed while governing the process of ad hoc/short review/renewal of the credit policy which are as follows: Banks, Scheduled Commercial
In view of the Gazette notification dated June 26, 2020 on new criteria for classifying the enterprises as micro, small and medium enterprises, Reserve Bank of India (RBI) vide its notification dated 21 August 2020, has clarified the following: All
Ministry of Corporate Affairs (“MCA”) vide its notification number G.S.R. 526(E) dated 24 August 2020 has notified Companies (Corporate Social Responsibility Policy) Amendment Rules, 2020 (the “Amended Rules”) in order to keep Companies (Corporate Social Responsibility Policy) Rules, 2014 (the
Ministry of Corporate Affairs (“MCA”) vide notification dated 24 August 2020 has amended item (ix) of Schedule VII of the Companies Act, 2013 (the “Act”) to include certain other activities which Companies may undertake in their Corporate Social Responsibility activities.
The Income Tax Department has published a notification regarding the amendment in the Income Tax Rules, 1962 on 14th August, 2020 in pursuance of powers conferred by sub-clause (iii) of clause (c) of Explanation to the clause (23FE) of section
The Karnataka State Government has formulated a new industrial policy for 2020-2025 and the salient features of New Industrial Policy 2020-25 are as follows: Objectives: To attract investments worth INR 5 Lakh crore. To create employment opportunities for 20 Lakh
Pursuant to the SEBI Circular, SEBI notified certain amendments to be made by the Depositories to align the provisions of the SEBI (Depositories and Participants) Regulations, 2018 (“D&P Regulations, 2018”) with that of Master Circular for Depositories dated October 25,
The SEBI Circular has laid down the procedure for handling certain types of complaints (as set out in Annexure 2 of the SEBI Circular) by the stock exchanges (“SEs”) as well as standard operating procedure for actions to be taken
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