15 March 2021
This newsletter covers recent key updates in Indian corporate laws relating to amendments to certain Rules under the Companies Act 2013, an order passed by the Competition Commission of India, and certain developments in the securities laws.
In particular, we have covered:
(a) Amendments to the Companies (Specification of Definition Details) Rules, 2014;
(b) Amendment to the Companies (Compromises, Arrangements and Amalgamations) Rules, 2014;
(c) Amendment to the Companies (Incorporation) Rules, 2014;
(e) Order of Competition Commission of India in the matter of Baglekar Akash Kumar v. Google LLC and Google India Digital Services Private Limited;
(f) Discussion paper by Securities and Exchange Board of India (“SEBI”) on re-appointment of managing directors and whole-time directors by listed companies; and
(g) SEBI’s ruling in the matter of insider trading activities in the scrip of Future Retail Limited.
