Central Government enforces key sections of the Competition Amendment Act, 2023 from 10th September 2024, including sections 6 to 8, 21 to 24, and others.
Ministry of Commerce publishes draft rules for penalties under Industries Act 1951. Feedback from stakeholders is invited within 30 days of notification.
CCI issues Combinations Regulations 2024 under the Competition Act, focusing on M&A transactions, value determination, and business operations in India.
New CBDT instruction outlines updated procedures for internal audit objections, emphasizing accountability, compliance, and efficiency in tax assessments.
Registrar of Companies imposes penalties on Oriental India Kisanshakti Nidhi Limited for failing to regularize an additional director as per Section 161 of Companies Act, 2013.
MCA sets new thresholds for Competition Act mergers. Minimum assets valued at ₹450 crore, and turnover at ₹1,250 crore. Effective from September 10, 2024.
MCA updates combination criteria under Competition Act. New rules outline qualifying entities and affiliates for merger notifications. Effective from September 10, 2024.
Competition (Criteria for Exemption of Combinations) Rules, 2024 outlines exemptions under the Competition Act for specific categories of combinations.
RBI’s latest directive ends the need for monthly LRS returns by AD Category-I banks, shifting to daily transaction reporting from September 2024.
SEBI updates regulations, requiring entities to report payment obligations for listed Commercial Paper within one working day, aligning with non-convertible securities.
