Central Government approval for overseas medical reimbursement required; ceiling fixed and essentiality certificate mandatory for managerial personnel
Approval from the Central Government under section 310 is required for reimbursement of specialised medical treatment abroad beyond the limits of a managerial remuneration package; applications must be filed in the prescribed form, be accompanied by an essentiality certificate from the Director General of Health Services, relate only to the managerial person (not dependents), observe a maximum ceiling of Rs. 9 lakhs inclusive of travel and lodging, and be submitted within the tenure of the managerial personnel.

Good/bad delivery norms govern share transfers, specifying acceptable corrections, POA/custodian execution and attestation requirements.
SEBI's circular sets uniform good/bad delivery norms for share transfers: minor corrections in transfer deeds are acceptable when authenticated or when the unaltered corresponding entry confirms the detail; materially differing names are bad delivery except limited permissible variations; transfer deeds executed under power of attorney or by custodians are good only where PA registration, dates, signatures and required stamps or board-resolution notation appear; call payment receipts and their bank endorsements determine certificate good delivery; signature-based objections mandate fresh signed deeds and attestation where specified.

Uniform good/bad delivery norms require exchanges to set up bad delivery cells and follow rectification, auction or close out procedures.
SEBI mandates uniform good/bad delivery norms, requiring stock exchanges to adopt Annexure A, establish Bad Delivery Cells, and ensure insurance cover. The first introducing broker must rectify defects within prescribed timelines or face exchange auction or close out with debits for consequential amounts. Inter exchange cases require seven day forwarding between BDCs and subsequent rectification or auction/close out. Custodians must follow the norms and participate in clearing house settlement. The circular prescribes implementation dates, transitional rules for pending objections, and a specified validity period for company objections measured from buyer payment, with Annexure A detailing numerous transfer deed and certificate examples.

Inter-corporate investment approvals to be processed simultaneously with foreign exchange clearance, expediting overseas joint ventures.
Companies making overseas equity investments beyond prescribed thresholds must obtain both foreign exchange clearance and prior Central Government permission under section 372. To avoid sequential delay, firms should submit simultaneous applications to the foreign exchange authority and the Department of Company Affairs; both will process proposals concurrently for committee consideration, with foreign exchange clearance followed by the Department's section 372 approval. The Department is also included on the review committees to facilitate coordinated consideration.

Registration fee for section twenty-five companies remains fixed on capital increases; a single flat fee applies.
The Department of Company Affairs advised that where a licence under section 25 was issued and the registration fee was fixed irrespective of authorised capital, the same fixed registration fee applies when that company increases its authorised capital, so the flat fee payable at incorporation governs fee liability on capital increase.

Change of company name during pending object alteration petition should be withheld to avoid prejudging proceedings.
Registrars are directed not to permit a company to change its name while a petition under section 17 to shift provisions from the "other objects" clause to the main objects clause is pending before the Company Law Board, since permitting such a change would amount to prejudging the issue and effectively endorse reliance on contested object provisions prior to the Board's approval.

Charge satisfaction procedure can be registered immediately when Form No. 17 is signed and filed in triplicate.
Where Form No. 17 evidencing satisfaction of a charge is signed by both lender and borrower and filed in triplicate, the Registrar may register the satisfaction immediately without issuing the statutory notice to the charge-holder; the Registrar should retain one copy and return two copies duly endorsed to indicate registration on the spot.

Charge registration procedure simplified: Form filing allowed with lender and bank signatures, registrar returns endorsed copies.
The Form No. 17 for registration of charge under section 138 may be filed with the Registrar of Companies after obtaining signatures of the lender company and Banks/Financial Institutions; it must be filed in triplicate, the Registrar will endorse registered Forms and return two copies, and the Form is required to be filed within the prescribed period after satisfaction of the charge.

Use of "Stock Exchange" in a company name requires SEBI in principle approval or no objection to prevent investor deception.
Companies shall not be registered with the words "Stock Exchange" in their name unless they have in principle approval or a no objection from the Securities and Exchange Board of India; this measure prevents companies that lack statutory permission or recognition under the Securities Contracts (Regulation) Act from misleading investors or collecting deposits as if they were recognised stock exchanges.