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Insolvency and Bankruptcy Code (Amendment) Ordinance, 2020

June 5, 2020 2031 Views 0 comment Print

MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 5th June, 2020/Jyaishtha 15, 1942 (Saka) THE INSOLVENCY AND BANKRUPTCY CODE (AMENDMENT) ORDINANCE, 2020 NO. 9 OF 2020 Promulgated by the President in the Seventy-first Year of the Republic of India. An Ordinance further to amend the insolvency and Bankruptcy Code, 2016. WHEREAS the entire […]

Companies (Share Capital and Debentures Amendment Rules, 2020

June 5, 2020 6942 Views 0 comment Print

Companies (Share Capital and Debentures Amendment Rules, 2020 MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, 5th June, 2020 G.S.R. 372(E).– In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies […]

The Essential Commodities (Amendment) Ordinance, 2020

June 5, 2020 2631 Views 0 comment Print

The Essential Commodities (Amendment) Ordinance, 2020 passed for the purposes of increasing the competitiveness in the agriculture sector and enhancing the income of the farmers

Farmers (Empowerment and Protection) Agreement On Price Assurance and Farm Services Ordinance, 2020

June 5, 2020 4074 Views 0 comment Print

Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Ordinance, 2020 is passed to provide for a national framework on farming agreements that protects and empowers farmers to engage with agri-business firms, processors, wholesalers, exporters or large retailers for farm services and sale of future farming produce at a mutually agreed remunerative price framework in a fair and transparent manner and for matters connected therewith or incidental thereto.

Draft Unmanned Aircraft System Rules, 2020

June 2, 2020 1734 Views 0 comment Print

(1) These rules may be called the Unmanned Aircraft System (UAS) Rules, 2020. (2) They extend to the whole of India and shall apply also (unless the contrary intention appears) – (a) to UAS registered in India, wherever they may be; or (b) to a person owning or possessing or engaged in importing, manufacturing, trading, leasing, operating, transferring or maintaining a UAS in India; or (c) to all UAS for the time being in or over India;

Govt temporarily reduce import duty on Lentils (Mosur) till 31.08.2020

June 2, 2020 855 Views 0 comment Print

Seeks to further amend notification No. 50/2017-Cus dated 30.06.2017 so as to temporarily reduce the import duty on Lentils (Mosur) till 31st Aug 2020 vide Notification No. 26/2020-Customs Dated 2nd June, 2020 MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 2nd June, 2020 Notification No. 26/2020-Customs G.S.R. 341(E).—In exercise of the powers conferred […]

Amendment in constitution of Quality Review Board of ICSI

June 1, 2020 717 Views 0 comment Print

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 1st June, 2020 G.S.R. 339(E).—In exercise of the powers conferred by section 29A of the Company Secretaries Act, 1980 (56 of 1980), read with sub-rule (1) of rule 8 of the Company Secretaries Procedures of Meetings of Quality Review Board, and Terms and Conditions of Service and […]

Govt notifies revised criteria for classification of MSME

June 1, 2020 51933 Views 19 comments Print

Govt notifies revised criteria for classification of classification of micro, small and medium enterprises (MSME) with effect from 01.07.2020. Also Read PIB Press Release- Govt further revises ceiling limits for MSME Definition New Definitions  of MSME with effect from 01.07.2020) Micro enterprises where the investment in Plant and Machinery or Equipment does not exceed one […]

Amendment in Export Policy of Alcohol based Hand Sanitizers

June 1, 2020 1623 Views 0 comment Print

Alcohol based Hand Sanitisers exported in containers with the Dispenser Pump, falling under any ITCHS Code including the HS Codes mentioned above, are prohibited for export. Alcohol based Hand Sanitisers exported in any other form/packaging are free for exports, with immediate effect.

Recovery of Penal Interest on delayed remittance of Government Receipts into Government Account

May 29, 2020 1977 Views 0 comment Print

Agency banks were advised that petty claims of penal interest involving an amount of ₹ 500/- (on per transaction basis) or below would be ignored and excluded from the purview of penal interest on delayed reporting of State Government transactions,

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