A total of eight sections relating to the register of significant beneficial owners, disqualifications of directors, conduct of inquiries and inspections and non-cognizable offences will soon be applicable to LLPs, the MCA said in an intimation on Thursday.
Synopsis
Income tax is one of the critical elements for consideration in any M&A transaction, along with indirect tax, foreign investment guidelines and stamp duty.
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There are numerous issues that companies and advisors must deal with while finalising a transaction structure.
India has been one of the fastest-growing economies in the world; this can be confirmed with the large number of M&A deals taking place in the country. As per figures reported last year, India recorded M&A activity worth $80 billion in 2020 (a 7% increase from 2019). While a large part of the investment has gone into Jio Platforms, the statistics certainly indicate the growth opportunities the country offers.
The regulator has issued a corrigendum to its earlier notification issued on January 11, wherein it was mentioned that the new norms on fees would come into force on the date of their publication in the official gazette.
Read more about Lower fees structure for investment advisors to kick in from April 1: Sebi on Business Standard. This applies to filing application and registration for individuals and corporates seeking a registered investment advisor status