Transaction and Regulatory Advisory Update – April 2025
In this edition we have tried to bring you notice the latest amendment that followed in the month of April, 2025 issued by MCA, SEBI, RBI and etc.
MCA
Proposed Amendment in Companies (Compromises, Arrangements and Amalgamations) Rules, 2016
Budget announcement (2025-2026), Para 101, inter alia, states that the scope for fast track mergers will also be widened and the process made simpler. Accordingly, a notification proposing amendments to the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 proposing inclusion of more classes of companies under section 233 of Companies Act 2013 has been drafted and is available, along with an Explanatory note, on the online portal of the Ministry, www.mca.gov.in. To read more: https://www.mca.gov.in/bin/dms/getdocument?mds=Vl7V8BHbA7gmKAjfxzhiTw%253D%253D&type=open
SEBI
SEBI Clarificatory circular refining procedures and obligations for ESG Rating Providers (ERPs)
These updates build upon the existing framework laid out in the Master Circular dated May 16, 2024, with the goal of enhancing transparency, procedural alignment, and consistency in the ESG rating landscape.
To read more: https://www.sebi.gov.in/legal/circulars/apr-2025/clarificatory-and-procedural-changes-to-aid-and-strengthen-esg-rating-providers-erps-_93704.html
FAQs for SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
SEBI has issued FAQs for LODR Regulations which have been prepared to provide guidance on SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as updated till April 23, 2025).
To read more: https://www.sebi.gov.in/sebi_data/faqfiles/apr-2025/1745399101865.pdf
IFSCA
IFSCA (Bullion Market Regulations), 2025
IFSCA has notified the IFSCA (Bullion Market Regulations), 2025, which aims at improving price discovery, streamlining operations, enhancing participation, governance and safeguarding consumer interests in the bullion ecosystem within the IFSC.
RBI
Amendments to Directions – Compounding of Contraventions under FEMA, 1999
Accordingly, it is provided that subject to satisfaction of the compounding authority, based on the nature of contravention, exceptional circumstances/ facts involved in case, and in wider public interest, the maximum compounding amount imposed may be capped at INR 2,00,000/- for contravention of each regulation/ rule (applied in a compounding application) . To read more:https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12842&Mode=0
Miscellaneous Laws –
The Haryana Contractual Employees (Security Of Service) Amendment Act, 2025
The Government of Haryana has enacted the Haryana Contractual Employees (Security of Service) Amendment Act, 2025, which received the Governor’s assent on April 5, 2025, and was officially published on April 9, 2025.
To read more: https://prsindia.org/files/bills_acts/bills_states/haryana/2025/Bill12of2025HR.pdf
The Drugs and Cosmetics (Compounding of Offences) Rules, 2025
The Department of Health and Family Welfare, Ministry of Health and Family Welfare has notified the Drugs and Cosmetics (Compounding of Offences) Rules, 2025, which came into force on April 25, 2025.
To read more: https://egazette.gov.in/WriteReadData/2025/262711.pdf
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