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    <title>Prior approval for change in control: Transfer of shareholdings among immediate relatives and transmission of shareholdings and their effect on change in control</title>
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    <description>Clarifies that transfer among immediate relatives and transmission of shares in unlisted body corporate intermediaries shall not be treated as change in control; proprietary concerns&#039; transmission that alters legal formation or ownership will be treated as change in control requiring prior approval and fresh registration; partnership firms face non control treatment for inter se transfers in multi partner firms but induction of a new partner or dissolution scenarios in two partner firms will amount to change in control; transferees gaining controlling interest must meet fit and proper criteria.</description>
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    <pubDate>Fri, 27 Dec 2024 00:00:00 +0530</pubDate>
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      <title>Prior approval for change in control: Transfer of shareholdings among immediate relatives and transmission of shareholdings and their effect on change in control</title>
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      <description>Clarifies that transfer among immediate relatives and transmission of shares in unlisted body corporate intermediaries shall not be treated as change in control; proprietary concerns&#039; transmission that alters legal formation or ownership will be treated as change in control requiring prior approval and fresh registration; partnership firms face non control treatment for inter se transfers in multi partner firms but induction of a new partner or dissolution scenarios in two partner firms will amount to change in control; transferees gaining controlling interest must meet fit and proper criteria.</description>
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      <pubDate>Fri, 27 Dec 2024 00:00:00 +0530</pubDate>
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