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The CA2013 proposes a fast track and simplified procedure for mergers and amalgamations of certain class of companies such as holding and subsidiary, and small companies after obtaining approval of the ndian government. !nder "ight to nformation Act, the #ousing $ociety can procure all the %lans and the related documentary evidences from &C'& duly attested by t(o $enior )ngineers of the *uilding %roposals +ept. to study the anomalies (hich e,ist in e,ecution of the entire redevelopment pro-ect even after the occupancy certificate is issued The CA2013 permits cross border mergers, both (ays. a foreign company merging (ith an ndia Company and vice versa but (ith prior permission of "* . The CA2013 prohibits directors and key managerial personnel from purchasing call and put options of shares of the company, its holding company and its subsidiary and associate companies as if such person is reasonably e,pected to have access to price/ sensitive information 0being information (hich, if published, is likely to affect the price of the company1s securities2. )arlier these provisions (ere contained in regulations framed by $)* , as the capital market regulator. 3o(, it has also been informed that $)* is e,pected to discuss changes in certain norms for listed firms so as to make them in line (ith the rules in the ne( Act The CA 2013 increased the number of ma,imum shareholders in a private company from 40 to 200. The ne( Companies Act 0hereinafter referred as CA20132 is replacing old Companies Act, 1546 0hereinafter referred as CA15462. The CA2013 is partially made effective (.e.f. 12th $eptember, 2013, by (ay of implementing 57 $ections and repealing the relevant sections corresponded (ith CA1546. $ome of the $alient features of the CA2013 are as under8