Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
Business expenditure deduction requires proof of genuine commission payments and commercial allowability; turnover growth alone cannot validate the cl...
The RBI amends the Foreign Exchange Management (Cross Border Merger) Regulations, 2018 by substituting "Competent Authority" for "NCLT" in regulations 4, 5, 7 and 9, so merger-related approvals now refer to the authority empowered under the Companies Act, 2013 or subordinate legislation to approve mergers or amalgamations. It also omits clause (vii) in regulation 2 and inserts a new definition of "Competent Authority" in regulation 2. The amendment takes effect from the date of publication in the Official Gazette.
The RBI amends the Foreign Exchange Management (Cross Border Merger) Regulations, 2018 by substituting "Competent Authority" for "NCLT" in regulations 4, 5, 7 and 9, so merger-related approvals now refer to the authority empowered under the Companies Act, 2013 or subordinate legislation to approve mergers or amalgamations. It also omits clause (vii) in regulation 2 and inserts a new definition of "Competent Authority" in regulation 2. The amendment takes effect from the date of publication in the Official Gazette.
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