Statutory transfer formalities invalidated alleged share and property transfers, while retrospective record manipulation constituted oppression and mi...
Provisional attachment of laundered funds and equivalent-value property sustained, with statutory protection limited to pension, gratuity and providen...
Insolvency moratorium does not shield company officers from cheque dishonour prosecution for liability arising before corporate insolvency proceedings...
Advance-ruling mechanism governs pending GST classification, exemption and taxability disputes, limiting writ review once the specialised forum functi...
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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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