Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021. CSR Amendment Rules – BIG CHANGES coming into effect – Mandatory CSR project registration in Form CSR-1 w.e.f. April 1, 2021 – Impact Assessment for big CSR projects – Carry forward and set off of CSR expenditure – Annual action plan for CSR by Board every […]
CCI approves acquisition of GMR Kamalanga Energy Limited by JSW Energy Limited
The Competition Commission of India (CCI) approves the acquisition by JSW Energy Limited (“Acquirer”) of GMR Kamalanga Energy Limited (“Target”), under Section 31(1) of the Competition Act, 2002, in its meeting held today through video conferencing The proposed combination envisages the acquisition of the entire (i.e., 100%) shareholding of the Target by the Acquirer. The […]
CCI approves Hitachi’s proposed acquisition of 80.1% in power grid business of ABB Limited
The Competition Commission of India (CCI) approves proposed acquisition of 80.1% stake by Hitachi in the power grid business of ABB Limited, in its meeting held today through video conferencing The proposed combination envisages acquisition of 80.1% share capital of ABB Management Holding AG (ABB Management) by Hitachi Limited (Hitachi) from ABB Limited (ABB). ABB […]
CCI approves acquisition of Teesta Urja Limited by Greenko Mauritius
The Competition Commision of India (CCI) approves the acquisition by Greenko Mauritius (Acquirer/Greenko) in Teesta Urja Limited (Target/TUL), under Section 31(1) of the Competition Act, 2002. The proposed combination relates to the acquisition by Greenko of approximately 35% equity stake in the paid-up equity share capital of TUL (Proposed Combination). Acquirer is a wholly-owned subsidiary […]