Medical treatment abroad reimbursement requires essentiality certificate; waivers possible in genuine emergencies based on merits.
Reimbursement for specialised medical treatment abroad for managerial personnel requires an essentiality certificate issued by the Director General of Health Services of the relevant State/Union Territory; the Central Government may waive this requirement in genuine and deserving medical emergencies. Waivers are considered on merits taking into account the case circumstances, company financial position, period of association, total managerial remuneration, prior medical reimbursements and other relevant factors.

Inter-corporate investments must match available financial resources and specify target securities in resolutions.
Companies must ensure inter corporate investments, loans, and guarantees are calibrated to available financial resources and avoid resolutions authorising amounts materially beyond net worth. Explanatory statements must specifically identify securities proposed for investment rather than seeking en bloc approvals, except that en bloc authorisation may be acceptable for guarantees if an annual aggregate amount is specified. Non compliance may invite government action.

Deemed public company status: revised turnover threshold prevents conversion during transitional period for companies within the window.
The turnover ceiling for deeming a private company as public was raised by rule amendment effective on the notification date; the material date for conversion is three months before that effective date, and a private company whose three-month expiry date fell within that transitional period and whose average turnover was at or above the old ceiling but below the new ceiling shall not become a deemed public company under the deeming provision.

Inter-depository transfer of beneficial ownership requires issuer or registrar to update registered ownership and notify depositories promptly.
Inter-depository transfer of beneficial ownership shall be effected by depositories only after the issuer-company or the registrar and share transfer agent effects the change in registered ownership in favour of the transferee-depository; the issuer, registrar or share transfer agent must effect the necessary changes in their records and communicate the same to the depositories within two hours of receipt of the request for transfers. This directive is effective immediately.

Undesirable company names: approval requires no phonetic/visual resemblance and sectoral regulator consultation.
Registrars of Companies must refuse names that are visually or phonetically similar to existing companies; names beginning with lowercase letters are allowed if no resemblance exists. Change of name to indicate software business is permitted only where audited or chartered accountant-certified accounts show a substantial portion of income from software. Use of terms like "insurance" or "risk corporation" requires consultation with the Reserve Bank of India and the Insurance Regulatory Authority. Purely generic names are not acceptable as standalone company names.

Electronic dividend remittance encouraged to reduce delays and improve transparency through shareholder consent and bank account nomination.
Companies may remit dividends in cash, by cheque or warrant, and may also transmit dividends electronically where shareholders consent and nominate a bank account. The circular highlights losses and delays from postal warrants and, citing a vigilance recommendation favouring computerised remittance for transparency, urges listed companies to obtain shareholder authorisations for electronic transfer and to implement such procedures promptly to avoid delays and protect investors.

Companies amendment: authorises buy back and sweat equity, establishes investor protection fund and nomination facility.
The Companies (Amendment) Act, 1999 recognises an infrastructure finance entity as a public financial institution, authorises companies to buy back their own securities, and permits issuance of sweat equity shares for know how or intellectual property consideration. It establishes a nomination facility for security holders, mandates an Investor Education and Protection Fund, creates a National Advisory Committee on Accounting Standards for Companies, and removes the need for prior Central Government approval for inter corporate investment and lending proposals.

Review of company law forms: stakeholders asked to propose defects, revised formats and cite applicable rules within deadline.
A committee chaired by U.C. Nahta has been formed to review and streamline forms under the Companies Act, 1956; stakeholders are invited to identify defects, suggest modifications or revised formats, and specify each form's number/title/annexure and the governing rules, with submissions requested within a short prescribed time frame.

Counter receipt prohibition enables OTCEI-listed companies to issue physical share certificates and alters share transfer form use.
Two notifications amend company rules to stop issuance of counter receipts for OTCEI-traded securities and to facilitate use of physical share certificates, preserving Form 7BB as the application for share transfer while counter receipts remain tradable. A third notification introduces new rules and two forms: a nomination form for transfer on death and a declaration of solvency form for companies undertaking share buy-back.