<h1>New Circular Clarifies Section 232(6) of Companies Act, 2013: Flexibility in Setting Merger Appointed Dates Aligned with IndAS 103.</h1> The Ministry of Corporate Affairs issued a circular clarifying section 232(6) of the Companies Act, 2013, concerning the 'appointed date' and 'acquisition date' in mergers and amalgamations. Previously, the appointed date was often interpreted as a fixed calendar date, complicating mergers based on future or event-linked dates. The circular allows companies to set the appointed date based on relevant events, aligning with IndAS 103 standards. This harmonization facilitates smoother mergers, providing clarity on accounting practices and enhancing business operations by allowing flexibility in determining the merger's effective date based on business or legal needs.