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Nothing is more subject to change than the laws.

MICHEL DE MONTAIGE, 16TH- CENTURY FRENCH WRITER

BANKING AND FOREIGN EXCHANGE

  • The Reserve Bank of India (RBI) has released a guideline dated December 05, 2019 in relation to “Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private Sector”. Read More
  • The Reserve Bank of India (RBI) has issued a notification RBI/2019-20/110 dated December 06, 2019 in relation to acquisition of financial assets by asset reconstruction companies from sponsors and lenders. Read More
  • The Reserve Bank of India (RBI) has issued a notification RBI/2019-20/111 dated December 06, 2019 in relation to availability of National Electronic Funds Transfer (NEFT) System on 24x7 basis. Read More
  • The Reserve Bank of India (RBI) has issued a notification RBI/2019-20/113 dated December 12, 2019 in relation to Reserve Bank of India (RBI) Master Circular on Collection of Direct Tax – OLTAS. Read More

LABOUR LAW

  • Ministry of Labour & Employment has taken steps for drafting four Labour Codes i.e. the Code on Wages; the Code on Industrial Relations, the Code on Occupational Safety, Health & Working Conditions & the Code on Social Security by simplifying, amalgamating and rationalizing the relevant provisions of the existing Central Labour Laws. Out of these 4 Labour Codes, the Code on Wages, 2019, has been notified on 8thAugust, 2019 in the Gazette of India. The Occupational Safety, Health and Working Conditions Code, 2019 was introduced in Lok Sabha on 23rd July, 2019 and subsequently, referred to the Parliamentary Standing Committee on Labour for examination. The Industrial Relations Code, 2019 has been introduced in Lok Sabha on 28th November, 2019. The Code on Social Security, 2019 has been approved by the Cabinet for its introduction in Parliament. [December 09, 2019] Read More

COMPETITION LAW

  • Competition Commission of India (CCI) approves the acquisition of stake in Future Supply Chain Solutions Limited (“Future Supply”) by Nippon Express (South Asia & Oceania) Pte. Ltd. (“Nippon Express”), under Section 31(1) of the Competition Act, 2002 [December 10, 2019] Read More
  • Competition Commission of India (CCI) approves subscription of compulsorily convertible debentures (“CCDs”) of Piramal Enterprises Limited (“Piramal Enterprises”) by Caisse de dépôt et placement du Québec (“CDPQ”), under Section 31(1) of the Competition Act, 2002. Upon conversion, equity shareholding of CDPQ in Piramal Enterprises will increase from 3.68 % to 8.99 % [December 10, 2019] Read More
  • Federal Trade Commission (FTC) issues opinion and order against Cambridge Analytica for deceiving consumers about the collection of Facebook Data, Compliance with EU-U.S. Privacy Shield [December 06, 2019] Read More
  • Federal Trade Commission (FTC) to hold workshop on non-compete clauses used in employment contracts [December 05, 2019] Read More
  • Federal Trade Commission (FTC) stops marketers from making false arthritis treatment claims [December 05, 2019]Read More
  • Court Halts Operations of VoIP Service Provider after the Federal Trade Commission (FTC) and Ohio alleged that it helped promote credit card interest reduction scheme [December 05, 2019] Read More

ENERGY

  • Government reportedly plans Ordinance to ensure power pacts are honoured [December 12, 2019] Read More
  • India assures renewable developers of pro-business policies [December 11, 2019] Read More

NEWS

  • Government launches independent directors' databank [December 02, 2019] Read More
  • Reserve Bank of India (RBI) customer protection rules will benefit depositors [December 04, 2019] Read More
  • Central Information Commission (CIC) reportedly issues show-cause notice to Reserve Bank of India (RBI) for casual approach to its notice [December 05, 2019] Read More
  • Government sets in motion process to revamp criminal laws [December 05, 2019] Read More
  • Insolvency and Bankruptcy Code (IBC) to be amended to protect new owners of bankrupt companies [December 09, 2019]Read More

Disclaimer “This information has been gathered from various sources. Nothing herein is or may be construed as legal advice”.