Securities and Exchange Board of India (SEBI) vide notification / Circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/48 issued and publish dated 26th March 2020, has published Further relaxations from compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR) and the SEBI circular dated January 22, 2020 relating to Standard Operating Procedure due to […]
SEBI vide notification / Circular No. SEBI/HO/CFD/DCR1/CIR/P/2020/49 dated 27th March 2020, has provide Relaxation from compliance with certain provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 due to the COVID-19 pandemic. Applicability : with immediate effect. Relaxations: 1. The disclosure filings under Regulations 30(1), 30(2) and 31(4) of the SEBI (Substantial […]
RBI governor vide Press Conference dated 27.03.2020 has discussed about various relaxation due to COVID 19. 1. Targeted Long Term Repos Operations (TLTROs): Reserve Bank will conduct auctions of targeted term repos of up to three years tenor of appropriate sizes for a total amount of up to ₹ 1,00,000 crore at a floating rate […]
Applicable : w.e.f. 01st day of April 2020 – Announced by FM on 26.03.2020. 1. Rs. 1.7 lakh crore financial package. The ‘Prime Minister Gareeb Kalyan Scheme’ will be of Rs 1.7 lakh crore. 2. FM has announced medical insurance cover of Rs 50 lakh per health worker. 3. PM Gareeb Kalyan Yojana’ will include […]
Securities and Exchange Board of India (SEBI) vide notification No. sebi/covid-19/2020/01 issued and publish dated 24th March 2020, has published SEBI Notification COVID 19. The Ministry of Home Affairs had issued an Order No. 40-3/2020-D dated March 24, 2020 in which various guidelines have been issued laying down the measures to be taken by the […]
MCA Amends Section 4 of Insolvency and Bankruptcy Code, 2016 – Threshold of default under Section 4, IBC for initiation of insolvency proceedings raised to Rs 1 crore Overview : MINISTRY OF CORPORATE AFFAIRS (MCA) vide notification No. S.O. 1205(E) dated 24th March 2020, has amended section 4 of the Insolvency and Bankruptcy Code, 2016 […]
Introduction: Ministry of Corporate Affairs vide a notification dated 20.02.2020 conveyed and strongly advised to all the Companies and LLPs to put in place an immediate plan to implement ‘Work from Home’ Policy in their headquarters and field offices. > MCA has came up with a new web based form CAR (Companies Affirmation of Readiness […]
Filing of forms in the Registry (MCA-21) by the Insolvency Professional (Interim Resolution Professional) (IRP) or Resolution Professional (RP) or Liquidator) appointed under Insolvency Bankruptcy Code, 2016 (IBC), 2016 MINISTRY OF CORPORATE AFFAIRS vide General Circular No. 08/2020 dated 06.03.2020, has issued clarification for statutory compliances in respect of companies under Corporate Insolvency Resolution Process […]
In its efforts to improve the ease of doing business, SEBI today launched a Mobile Application for the convenience of investors to lodge their grievances in SEBI Complaints Redress System (SCORES).
CARO 2020 would necessitate enhanced due diligence and disclosures on the part of auditors of eligible companies and has been designed to bring in greater transparency in the financial state of affairs of such companies.
