Credit Rating Agencies 1. Are there any relaxations/exemptions provided by the Securities and Exchange Board of India (SEBI) to the Credit Rating Agencies registered with SEBI due to the pandemic Covid-19? Answer: Considering the outbreak of Covid – 19 and the 21 day lockdown in India, the Reserve Bank of India (RBI) had permitted moratorium […]
Transport of Essential Commodities -What is an Essential Commodity? -What is included under essential commodities? -What is the situation during lockdown period? -How does the transport sector work? Essential Commodities? The Essential Commodities Act, 1955 was enacted in the interest of general public for the control of production, supply, distribution, trade & commerce of specific […]
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FOOD SUPPLIES 1. Whether the food supplies will be available during the period of complete lockdown? Answer: Yes, Ministry of Home Affairs vide order no 40-3/2020-DM-I(A) dated 26.03.2020 has issued directions in reference to the complete lockdown, that supplies of essential commodities such as food supplies, medicines etc. will continue to take place with proper […]
Relaxations/Exemptions by SEBI 1. Are there any extensions/relaxations provided by the Securities and Exchange Board of India (SEBI) in view of the pandemic COVID-19? Answer: In view of the pandemic COVID-19 and the 21 day lockdown in the country, SEBI has issued certain circulars wherein relaxations are provided in the regulations pertaining to SEBI (Listing […]
Agreements being the heart and soul of a business, they need to be enforceable documents. The enforceability of such documents are subject to the satisfaction of the provisions under the Indian Stamp Act,1899 read with the Registration Act, 1908.
Force Majeure Evaluation Is your business immune to covid-19 risk implications? Have you rightly invoked the force majeure? Have you correctly identified the events of the force majeure? The background for this evaluation can be understood with the aid of legislation, precedents, recent developments, contract, etc. What’s Force Majeure in Indian law? Force majeure means […]
COVID-19 is affecting the insurance industry in multiple ways; from employee insurance and continuity of business issues to client service obligations and finally to sustain the financial outlook of the company.
CSR in COVID-19- A Ready Referencer Corporate Social Responsibility (CSR) can be understood as a Company’s responsibility towards the society, the environment and the community within which it operates. There are various ways in which a Corporate fulfils its CSR obligations as mandated by law. At present, CSR is not seen merely as a charity […]
Direct Tax & International Tax Perspective–Part I Income Tax Returns 1. Whether there is any extension of due dates in filing the belated returns for the Financial Year 2018-19? Answer: Yes, due date income tax return for Financial Year 2018-19 was 31st March 2020. The Ministry of Finance, vide Press Release dated 24.03.2020 has extend the due […]
