Budget 2024: India’s green energy sector sets high hopes, eyeing major policy support Industry leaders have put forth a comprehensive wish list, ranging from enhanced subsidies and research funding to favourable tax regimes and streamlined process, all contributing in the country’s ambition of renewable energy goals and to stringent its position in the global clean...

MINISTRY OF CORPORATE AFFAIRS (MCA)   MCA NOTIFIES COMPANIES LISTING OF EQUITY SHARES RULES The MCA vide notification no. G.S.R. 61(E) dated 24-01-2024, has notified the Companies (Listing of equity shares in permissible jurisdictions) Rules, 2024. These regulations apply to unlisted public companies and listed public companies issuing securities for listing on approved stock exchanges...

MINISTRY OF CORPORATE  AFFAIRS  ( MCA)   MCA PLANNING NEW PORTAL TO STREAMLINE IBC CASES, BOOST TRANSPARENCY The Ministry of Corporate Affairs is creating an integrated portal for the Insolvency and Bankruptcy Code (IBC) to centralize case information, enhance policymaking, and streamline the insolvency resolution process. Key entities like the Insolvency and Bankruptcy Board of...

MINISTRY OF CORPORATE AFFAIRS (MCA) Aviation Ministry, MCA take different flight paths on IBC moratorium The Ministry of Civil Aviation (MoCA) has requested that leased aircraft be exempted from the asset moratorium rule enforced by India’s Insolvency and Bankruptcy Code (IBC) during the insolvency resolution of an airline, due to fears it could increase leasing...

MINISTRY OF CORPORATE AFFAIRS(MCA) Moratorium Inapplicable To Contracts Entered Into By The CD Under Oilfields (Regulation And Development) Act The Ministry of Corporate Affairs, Government of India, has issued a notification dated 14.06.2023, notifying that Section 14(1) of the Insolvency and Bankruptcy Code, 2016 (“IBC”) would be inapplicable to agreements/transactions/arrangements entered into by the Corporate...

MINISTRY OF CORPORATE AFFAIRS (MCA) MCA notifies Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2023 The Ministry of Corporate Affairs has issued an amendment to the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016. The amendment introduces streamlined procedures for handling objections and suggestions regarding schemes of merger or amalgamation. It sets clear timelines for the...