Competition clearance for full acquisition of a thermal power company permits transfer of control despite ongoing insolvency proceedings.
Approval by the Competition Commission is recorded for the Acquirer's acquisition of the entire equity capital of the Target, a thermal power generator; the Target is undergoing Corporate Insolvency Resolution Process, and a detailed regulatory order will follow.

Competition approval: Subscription to CCPS B in API Holdings by MEMG and 360 ONE proceeds after regulatory review.
Competition regulator approved the subscription to Compulsorily Convertible Preference Shares (CCPS) B of API Holdings by MEMG Family Office LLP and 360 ONE Private Equity Fund. The Proposed Combination involves subscription acquisitions by the two acquirers in an unlisted public company active in the pharmaceutical and healthcare sector and was assessed as a reportable combination under the Competition Act, 2002.

Competition approval for acquisition of grey cement business under composite scheme enables transfer of specified cement assets.
Competition approval was granted for UltraTech Cement Limited to acquire the grey cement business of Kesoram Industries Limited under a composite scheme of arrangement and an implementation agreement dated 30 November 2023, permitting transfer of the specified cement assets while excluding Kesoram's rayon, transparent paper and chemicals businesses; a detailed CCI order will be issued.

Claims settlement reform: stakeholder comments invited to streamline refund process under Companies Act and submission procedures.
IEPFA has initiated a public consultation to streamline the claims settlement and refund process under the Companies Act, 2013 by inviting stakeholder comments on draft rules and procedural reforms. Stakeholders must submit feedback via the MCA eConsultation module or by email using the prescribed format linking draft rule paragraphs with comments and justifications; consultation materials and the prescribed format are available on the Authority's and MCA websites.

Merger approval: fintech entity to merge into a small finance bank after regulatory clearance and composite amalgamation filing.
CCI granted approval for the merger of Garagepreneurs Internet Private Limited and its related entities into North East Small Finance Bank Limited under a composite scheme of amalgamation, encompassing Quadrillion Finance Private Limited, Intergalactory Foundry Private Limited and RGVN (North-East) Microfinance Limited, with the composite scheme to be filed before the relevant tribunal; GIPL operates digital payment and credit services under the brand "slice" targeting underbanked customers, and NESFB is a private small finance bank operating across North Eastern states and West Bengal.

Digital competition law consultation: public comments invited on draft bill and committee report before the consultation deadline.
The Ministry of Corporate Affairs published the Committee on Digital Competition Law's Report and the Draft Bill on Digital Competition Law and has invited public comments via its e consultation module; both documents are available on the Ministry's website and comments must be submitted by the stated deadline.

Threshold revision for combinations raises asset and turnover triggers and increases de minimis filing limits under Competition Act.
Revision of combination filing thresholds under the Competition Act, 2002 increases asset- and turnover-based jurisdictional triggers for enterprise- and group-level tests, adjusting India-only and India-or-outside-India valuation tests. The government also raised de minimis thresholds for assets and turnover, changing the minimum benchmarks that exempt transactions from notification, effected under the statute's executive power to revise monetary thresholds.

Corporate governance: future-ready boards and transparency prioritized with emphasis on DEI and independent directors to support national development vision.
The webinar emphasised strengthening corporate governance to support the national development vision by promoting future-ready boards, protecting stakeholder interests, and integrating sustainable business practices. It stressed the role of independent directors in ensuring transparency, accountability, integrity and financial discipline, and the need to advance DEI and women's leadership as part of governance reforms, while committing to continued capacity-building and dialogue to advance governance excellence.

Transparent financial reporting and audit quality reinforce corporate governance through regulatory commitment and stakeholder collaboration.
Transparent financial reporting and audit quality were advanced as central regulatory objectives and governance pillars, with speakers stressing government commitment, NFRA's role in upholding reporting and audit standards, and the need to strengthen regulatory frameworks and enforcement for investor protection. The conference prioritized leveraging technology in audits, updating auditing standards, reinforcing audit committees and independent directors, promoting audit market competition, improving reporting practices, and integrating sustainability reporting.

Structured Partial Credit Enhancement facility urged to deepen bond markets and mobilise long term infrastructure capital.
The Union Finance Minister reviewed NaBFID's operational performance and collaborations, noting its sanctions across infrastructure sub sectors and long tenor lending. The Minister directed NaBFID to implement a Structured Partial Credit Enhancement facility to deepen bond markets, establish a Data Repository for the Infrastructure Sector to support national infrastructure initiatives and crowd in patient capital, and to develop sector specialisation to underwrite large and complex projects.