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Notifications/Circulars

Govt notifies Maharashtra COVID-19 Regulations, 2020

March 14, 2020 43581 Views 0 comment Print

No person/ Institution/ organization will use any print or electronic or social media for dissemination of any information regarding COVID-19 without ascertaining the facts and prior clearance of the Commissioner, Health Services, Director of Health Services (DHS-I & II), Director, Medical Education & Research (DMER), or Collector as the case may be. This is necessary to avoid spread of any unauthenticated information and/or rumors regarding COVID-19. If any person / Institution / organization is found indulging in such activity, it will be treated as a punishable offence under these Regulations.

Mere B.Com cannot be registered as valuer for asset class of “Securities or Financial Assets”

March 13, 2020 3339 Views 0 comment Print

The application for registration as valuer of the applicant was received by the Authority only on 19th March 2019. There can be no doubt that the applicant must satisfy the eligibility conditions in accordance with the relevant laws prevalent at the time of grant of registration. When the application of the applicant was received by […]

SEBI statement on market movement relating to COVID-19 pandemic

March 13, 2020 1041 Views 0 comment Print

Over the last few days the Indian Stock Market has been moving in tandem with other global markets owing to concerns relating to COVID-19 pandemic, resultant fear of economic slowdown, recent fall in global crude prices, etc. As can be seen from the following table giving a comparative market movement of global indices, it indicates that the fall in the Indian indices has been significantly lower than the stock market in other countries.

Notification No. 17/2020-Income Tax, Dated: 13.03.2020

March 13, 2020 7677 Views 0 comment Print

Central Government hereby specifies that a non-­resident being an Eligible Foreign Investor which operates in accordance with the Securities and Exchange Board of India, circular IMD/HO/FPIC/CIR/P/2017/003 dated 04th January, 2017, shall be deemed as Foreign Institutional Investor (FII) for the purposes of transactions in securities made on a recognised stock exchange located in any International Financial Services Centre (IFSC), where the consideration for such transaction is paid or payable in foreign currency.

Mineral Laws (Amendment) Act, 2020

March 13, 2020 2253 Views 0 comment Print

(1) This Act may be called the Mineral Laws (Amendment) Act, 2020. (2) It shall be deemed to have come into force on the 10th day of January, 2020.

Yes Bank Limited Reconstruction Scheme, 2020

March 13, 2020 11268 Views 2 comments Print

Reserve Bank of India has considered it necessary in the public interest and in the interest of the depositors and also to secure the management of the Yes Bank, to prepare a scheme for the reconstruction of the concerned banking company;

IBBI warns RP to be extremely careful & diligent in performing duties under IBC

March 13, 2020 3363 Views 0 comment Print

In this matter, the DC observes that Mr. Arun Kumar Gupta displayed a casual approach during the conduct of CIRP. When a CD is admitted into CIRP, the Code shifts the control of a CD to creditors represented by a CoC for resolving its insolvency. The CoC holds the key to the fate of the […]

Insolvency and Bankruptcy Code (Amendment) Act, 2020

March 13, 2020 4287 Views 0 comment Print

(1) This Act may be called the Insolvency and Bankruptcy Code (Amendment) Act, 2020. (2) It shall be deemed to have come in force on the 28th day of December, 2019.

Constitution of NCLAT Bench at Chennai

March 13, 2020 1080 Views 0 comment Print

Central Government hereby constitutes another Bench of the National Company Law Appellate Tribunal (NCLAT) at Chennai to hear the appeals against the orders of the Benches of the National Company Law Tribunal (NCLT) having jurisdiction of Karnataka, Tamil Nadu, Kerala, Andhra Pradesh, Telangana, Lakshadweep and Puducherry.

RBI regulatory guidance on Ind AS implementing NBFCs and ARCs

March 13, 2020 7791 Views 0 comment Print

Reserve Bank has framed regulatory guidance on Ind AS given in the Annex which will be applicable on Ind AS implementing NBFCs and Asset Reconstruction Companies (ARCs) for preparation of their financial statements from financial year 2019-20 onwards.

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