India Proposes Companies Law Changes

India is proposing amendments to its companies law to facilitate more share buybacks and expedite mergers. The changes would allow certain firms to conduct two buybacks annually, up from the current limit of one. Additionally, procedures for 'fast-track' mergers and acquisitions are set to be simplified. These proposed reforms aim to enhance corporate flexibility, improve capital allocation efficiency, and stimulate M&A activity within the Indian market. The move is expected to provide businesses with greater options for returning capital to shareholders and streamlining corporate restructuring.