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    ROLE OF COMPETITION IN PUBLIC WELFARE IS PIVOTAL: GOVERNOR E.S.L. NARASIMHAN Roadshow On Competition Law organized by Competition Commission of Indi...
    Sebi orders impounding of ₹ 1 cr from ADF Foods' promoters, 4 others in insider trading case
    Cabinet approves Promulgation of the Companies (Second Amendment) Ordinance 2019
    Effect of Angel Tax on Indian Startup Eco-system
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    February 25, 2019
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    Competition law advocacy expands compliance through roadshows, local-language outreach and emphasis on cartel deterrence and leniency.
    Roadshow advocacy focused on increasing awareness and compliance with the Competition Act across public procurement, trade association conduct, cartel deterrence and leniency. It emphasized promotion of leniency as a cartel mitigation tool, clarity on merger notification via online guidance, and a planned study of digital markets to assess algorithmic collusion, while distributing local-language materials and engaging state and industry stakeholders to integrate competition into procurement and economic policy.
    February 25, 2019
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    Insider trading breach prompts regulatory impounding of alleged unlawful gains and notice to related parties to reply.
    Regulatory findings concern alleged misuse of Unpublished Price Sensitive Information during the period between initial discussion and formal approval of a proposed buyback; a promoter executive is said to have communicated UPSI to related persons who traded via fund transfers and third party accounts while the information remained non public, leading the regulator to attribute joint and several responsibility for alleged unlawful gains and to initiate recovery procedures while allowing parties an opportunity to reply.
    February 20, 2019
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    Decriminalization of minor corporate offences shifts routine defaults to civil in house adjudication, easing tribunal and court burden.
    The Companies (Second Amendment) Ordinance, 2019 re-categorizes specified minor procedural offences as civil defaults to be resolved through an in-house adjudication mechanism administered by Registrars of Companies with prescribed timelines; reallocates certain routine functions from the tribunal to the central government; adds grounds for striking companies off the register for non-maintenance of registered office and non-reporting of commencement of business; tightens charge creation and modification timelines; and makes breach of directorship ceilings a disqualification ground, coupled with an amnesty scheme to withdraw existing criminal cases for re-categorized defaults.
    February 7, 2019
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    Angel tax compliance: DPIIT recognition enables an approval pathway for startup share issuances with tax authority review.
    The DPIIT notification sets Startup recognition criteria-incorporation-period limits (extended for biotechnology), turnover ceiling, innovation or scalable-business requirement, and exclusion of reconstructed businesses; recognis ed Startups can apply for approval of share issuances provided post-issue paid-up capital remains within limits and investors meet specified returned-income and net-worth conditions; DPIIT forwards applications to the tax authority, which may grant or decline approval within a prescribed review period; no government survey on adverse effects of the angel tax has been conducted.

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