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Punjab gives relief to electricity consumers to mitigate Covid-19 impact

April 21, 2020 813 Views 0 comment Print

Keeping in view the hardships faced by the people of Punjab on account of extension of curfew/lockdown up to 3rd May, 2020 and to mitigate the impact of COVID-19 pandemic, Hon’ble Chief Minister, Punjab has approved following relief measures for electricity consumers:

Companies allowed to hold AGM till 30.09.2020 whose FY ending on 31.12.2019

April 21, 2020 16497 Views 0 comment Print

Several representations have been received from stakeholders with regard to difficulty in holding annual general meetings (AGMs) for companies whose financial year ended on 31st December, 2019 due to COVID-19 related social distancing norms and consequential restrictions linked thereto.

Interest Subvention & PRI Scheme for Short Term Crop Loans extended

April 21, 2020 924 Views 0 comment Print

Banks are advised to extend benefit of Interest Subvention (IS) of 2% and Prompt Repayment Incentive (PRI) of 3% for short term crop loans upto ₹3 lakh to farmers whose accounts have become due or shall become due between March 1, 2020 and May 31, 2020. Reserve Bank of India RBI/2019-20/224 FIDD.CO.FSD.BC.No.24/05.02.001/2019-20 April 21, 2020 […]

Modalities for import of Peas & Pulses for fiscal year 2020-21

April 21, 2020 3690 Views 0 comment Print

Laying down of modalities for import of Peas and Pulses for the fiscal year 2020 – 2021. Ministry of Commerce and Industry vide Notification No. S.0.1225 (E) dated 28th March. 2020 allowed import of following items as per annual quota indicated against them:

Import of Pulses allowed only to Millers/Refiners with allotted Quota

April 21, 2020 912 Views 0 comment Print

Restriction on import of Pulses. Department of Commerce, Ministry of Commerce & Industry vide Notification No. S.0.1225 (E) dated 28th March, 2020 allowed import of following items as per annual quota indicated against them and the same will be allowed only to the Millers/Refiners as per procedure to be notified by Directorate General of Foreign Trade.

SOP for sign-on and sign-off of Indian Seafarers at Indian Ports

April 21, 2020 1677 Views 0 comment Print

No. 40-3/2020-DM-I(A) Government of India Ministry of Home Affairs North Block, New Delhi-110001 Dated 21St April, 2020 ORDER In continuation of Ministry of Home Affairs’s Order No. 40-3/2020-DM-I(A) Dated 15th April, 2020, 16th April 2020 and 19th April 2020 and in exercise of the powers, conferred under Section 10(2)(I) of the Disaster Management Act 2005, […]

IBBI direct IP to refund fees drawn without any authorisation while acting as liquidator

April 21, 2020 1293 Views 0 comment Print

The DC hereby directs Mr. Bhupesh Gupta to deposit an amount of Rs. 31,09,000/- (Rs. Thirty-One Lakh Nine Thousand only) in the Liquidation Estate of CD which he has drawn without any authorisation during the period 8th August 2018 to 31st October 2019 while acting as liquidator. However, Mr. Bhupesh Gupta is at liberty to claim liquidator fee in accordance with the provisions of Regulation 4(3) of the IBBI (Liquidation Process) Regulations, 2016.

SEBI relaxes regulatory provisions related to rights/ public issuances by listed entities

April 21, 2020 1059 Views 0 comment Print

In the wake of challenges for the Indian economy arising out of the Covid-19 pandemic and with a view to improving access to funding to the corporates through capital markets, SEBI has decided to grant certain temporary relaxations from the regulatory provisions related to rights/ public issuances by listed entities.

IBBI (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2020.

April 20, 2020 807 Views 0 comment Print

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 20th April, 2020 Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2020. No. IBBI/2020-21/GN/REG056.—In exercise of the powers conferred by clause (t) of sub-section (1) of section 196 read with section 240 of the Insolvency and Bankruptcy Code, […]

IBBI (Liquidation Process) (Second Amendment) Regulations, 2020

April 20, 2020 1554 Views 0 comment Print

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 20th April, 2020 Insolvency and Bankruptcy Board of India (Liquidation Process) (Second Amendment) Regulations, 2020 No. IBBI/2020-21/GN/REG060.—In exercise of the powers conferred by clause (t) of sub-section (1) of section 196 read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), […]

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