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of <h1>Ministry Issues Guidelines for Regional Directors on Court Cases u/s 394A of Companies Act, 1956.</h1> The circular from the Ministry of Corporate Affairs outlines procedures for Regional Directors (RDs) when filing reports under Section 394A of the Companies Act, 1956. RDs must solicit comments from the Income Tax Department and other relevant regulators within 15 days of notice receipt before responding to court cases involving company arrangements or amalgamations. If no feedback is received, it is assumed there are no objections. RDs should not judge the validity of objections but must refer doubts to the Ministry for further action. This directive is effective immediately from the issuance date.
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