Merger under Section 396 initiates a draft order and a time-limited opportunity for members and creditors to object.
Central Government has initiated a compulsory merger of National Spot Exchange Limited into its holding company Financial Technologies (India) Ltd. under Section 396 of the Companies Act, 1956 in public interest; a draft order has been published, statutory procedures will be followed, and members and creditors may submit suggestions or objections within a 60-day period via documents posted on the Ministry of Corporate Affairs website.

Intimation of auditor appointment must be filed online as a separate ADT-1 e-form, not attached to other filings.
Form ADT-1 is available for e filing to intimate the appointment of auditors under section 139(1) of the Companies Act, 2013 on the MCA website; stakeholders must file ADT-1 as a separate e form and not as an attachment to Form GNL-2.

Internal financial controls requirement: auditor must report on existence and operating effectiveness, with voluntary early inclusion permitted.
The amendment inserts Rule 10A requiring the auditor's report to state the existence of adequate internal financial controls and to report on their operating effectiveness, with a provision allowing voluntary inclusion of that statement for an earlier transitional financial year.

Deposit under section 160: board may decide forfeiture or refund when a candidate fails to secure required votes.
Where a candidate standing for election in a not-for-profit company fails to secure the specified voting threshold, the Board of directors of that company must decide whether the deposit made under section 160 by or on behalf of the unsuccessful candidate is to be forfeited or refunded.

Consolidated financial statements: exemptions allow intermediate wholly owned subsidiaries and certain companies with associates/jvs to skip consolidation.
The amendment to rule 6 provides that preparation of consolidated financial statements is not required for an intermediate wholly owned subsidiary except where its immediate parent is a foreign company, and, subject to other laws, companies without subsidiaries but with associates or joint ventures are exempt from consolidation for the specified financial year.