In this issue we have highlighted the recent regulatory developments and exemptions. Most of these developments had been long-term demands of the Indian Corporate sector. A steady string of notifications and circulars under Companies Act, 1956 has considerably eased procedural issues.
Monthly News Letter – Latest legal Updates July 2011
Indian Corporate Sector gets a much-needed Makeover
· Exemption from managerial remuneration approval for unlisted companies
· Exemption from submission of separate balance sheets for all subsidiaries
· Registration of company in 24 hours
· M&A regulations under the Competition Act notified
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