Tag: covid-19
Extension of period for creation of deposit repayment reserve u/s 73(2)(C) of companies Act 2013 and to invest/deposit 15% of amount of debentures General Circular No. 24/2020 File No. 02/08/2020-CL-VGovernment of IndiaMinistry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhawan,Dr. R. P. Road, New Delhi- …
Payment of wage for lockdown period – Supreme Court directs negotiation & settlement with workers/employees ABCAUS Case Law Citation:ABCAUS 3320 (2020) (06) SC Payment of wage for lockdown period In the instant case, several writ petitions had been filed by different employers, employers’ associations questioning the orders issued …
COVID Emergency Credit Facility covers all companies and not just MSMEs: Finance Minister COVID Emergency Credit Facility covers all companies not just MSMEs Union Minister for Finance and Corporate Affairs Smt Nirmala Sitharaman today said that the COVID Emergency Credit Facility covers all companies and not just MSMEs. …
Relaxation from compliance with certain provisions of SEBI Regulations due to COVID -19 virus CIRCULAR SEBI/HO/DDHS/CIR/P/2020/098 June 08, 2020 To, All listed issuers All Recognized Stock Exchanges All Debenture Trustees All Registered Merchant Bankers Madam / Sir, Sub: Relaxation from compliance with certain provisions of the SEBI (Issue …
Ordinance to suspend initiation of corporate insolvency resolution process The President of India has promulgated the Insolvency and Bankruptcy Code (Amendment) Ordinance 2020. As per the Ordinance, COVID-19 pandemic has impacted business, financial markets and economy and created uncertainty and stress for business. Further the Ordinance …
RBI extends timeline for compliance with various payment system requirements Extension of timeline for compliance with various payment system requirements Reserve Bank of India (RBI) had in past issued instructions on Master Direction on Issuance and Operation of Prepaid Payment Instruments (PPI-MD), enhancing security of card transactions, harmonisation …
ICAI releases Guidance Note on “Subsequent Events –Key Audit Considerations amid COVID-19” ICAI has released an Auditing Guidance on “Subsequent Events –Key Audit Considerations amid COVID-19” for the benefit of the members. The guidance note highlights the key areas where focus is desired due to Covid-19 pandemic on …
SEBI Advisory on disclosure of material impact of CoVID–19 pandemic on listed entities under LODR Regulations Securities and Exchange Board of India CIRCULAR SEBI/HO/CFD/CMD1/CIR/P/2020/84 May 20, 2020 To,All listed entitiesAll Recognized Stock ExchangesAll Depositories Madam / Sir, Subject: Advisory on disclosure of material impact of CoVID–19 pandemic on …
SEBI further relaxes time for complying regulatory requirements by trading/clearing members SECURITIES AND EXCHANGE BOARD OF INDIA Circular EBI/HO/MIRSD/DOP/CIR/P/2020/ 82 May 15 , 2020 To, 1. All Recognised Stock Exchanges and Clearing Corporations (including those in International Financial Services Centres) 2. All Depositories 3. Trading members …
Amendments in Labour Laws as part of Aatma-Nirbhar Bharat COVID-19 Relief Package Finance Minister today held second Press conference announcing details of Aatma-Nirbhar Bharat 20 lakh crores package. The initiatives announced today included a total of 9 measures, namely: a. 3 related to Migrant workers b. 1 related …
