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Working Group formed to study formation of Indian Pandemic Risk Pool

July 8, 2020 537 Views 0 comment Print

The COVID-19 pandemic which started as a public health crisis has led to significant disruption in economic activity mainly due to the measures taken to limit the spread of the disease. It has affected not just health but all sectors of the economy including but not limited to manufacturing, aviation, tourism, transportation, construction, services, agriculture and many others.

Delisting – An opportunity in the face of uncertainty

July 7, 2020 5646 Views 0 comment Print

The current global crisis and its resulting uncertainty have shaken the strongest of economies and organisations. However, these times also create a host of opportunities, the delisting of stocks being one of them. Need for delisting Given the sharp fall in capital markets, promoters are evaluating the delisting of securities to run their businesses more […]

Draft Code on Wages (Central) Rules, 2020

July 7, 2020 20517 Views 5 comments Print

(1) These rules may be called the Code on Wages (Central) Rules, 2020. (2)They extend to the whole of India. (3) They shall come into force after the date of their final publication in the Official Gazette, on the date of the commencement of the Code on Wages, 2019 (29 of 2019).

SEBI extends timelines for issuers of Municipal Debt Securities

July 7, 2020 582 Views 0 comment Print

It has been decided to partially modify the clause 7 of the circular (dealing with investor grievance report, financial results and Accounts maintained by issuers under ILDM Regulations) and further extend the timelines for submission to July 31, 2020.

IRDA relaxes conditions for issue of Arogya Sanjeevani Policy

July 7, 2020 807 Views 0 comment Print

Arogya Sanjeevani Policy- Insurers are hereby allowed to offer minimum sum insured less than Rs.1,00,000/- and maximum sum insured greater than Rs.5,00,000/- subject to the underwriting policy of the Insurers.

Prasad Media guilty of profiteering- NAA

July 7, 2020 909 Views 0 comment Print

Principal Commissioner Vs Prasad Media Corporation Pvt. Ltd. (National Anti-Profiteering Authority) NAA held that Prasad Media Corporation Pvt. Ltd. (Respondent) has resorted to profiteering by way of either increasing the base prices of the service while maintaining the same selling prices or by way of not reducing the selling prices of the service commensurately, despite […]

Extension of last date of filing of Form NFRA-2 to 270 days

July 6, 2020 1845 Views 0 comment Print

It has been decided that the time limit for filing of Form NFRA­-2, for the reporting period FY 2018-19, will be 270 days from the date of deployment of this form on the website of National Financial Reporting Authority (NFRA).

Turant Suvidha Kendra & Other Initiatives for Contactless Customs

July 6, 2020 10407 Views 0 comment Print

CBIC decided to take following Turant Suvidha Kendra & Other Initiatives for Contactless Customs which includes  Turant Suvidha Kendra in All Customs Formations, Registration of Authorised Dealer Code, Bank Accounts through ICEGATE, Automated debit of bond after Assessment, Simplified Registration of Importers/Exporters in ICEGATE. Circular No. 32/2020-Customs dated 6th of July, 2020. CBIC extends benefits […]

ICSI requests to extend relaxation period of Company Law compliances

July 5, 2020 1416 Views 0 comment Print

MCA has also vide its Circular dated 15th June, 2020 extended the period for holding EGM through Video Conferencing or other Audio Visual Means from 30th June, 2020 to 30th September, 2020. On account of ongoing restrictions due to COVID-19, we request you to kindly consider further extension of period of relaxation for the following provisions :

ICSI Request for granting relaxation in filing e-form MGT-14

July 5, 2020 1716 Views 0 comment Print

There remained practical difficulties in filing e Form MGT 14, e Form CHG-1 and e Form CHG-9, wherein the requirement of obtaining condonation of delay, for filing beyond 300 days / 120 days, as the case may be, remain unchanged.

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