News and Updates Issue 31 Duration February 01-15, 2020

A kingdom founded on injustice never lasts.

SENECA, 1ST- CENTURY ROMAN STATESMAN AND PHILOSOPHER

BANKING AND FOREIGN EXCHANGE

  • The Reserve Bank of India (RBI) has issued a notification RBI/2019-20/155 dated February 05, 2020 in relation to Interest Subvention Scheme for MSMEs ReadMore
  • The Reserve Bank of India (RBI) has issued a notification RBI/2019-20/156 dated February 06, 2020 in relation to Guidelines on Merchant Acquiring Business – Regional Rural Banks ReadMore
  • The Reserve Bank of India (RBI) has issued a notification RBI/2019-20/158 dated February 07, 2020 in relation to Prudential Norms on Income Recognition, Asset Classification and Provisioning Pertaining to Advances - Projects under Implementation ReadMore
  • The Reserve Bank of India (RBI) has placed on its website a ‘draft framework for authorisation of a pan-India New Umbrella Entity (NUE) for Retail Payment Systems’ for public comments dated February 10, 2020 ReadMore

COMPETITION LAW

  • Federal Trade Commission (FTC), Food and Drug Administration (FDA) sign Joint Statement for Promoting Competition in Markets for Biologics [February 03, 2020] ReadMore
  • Operators of Comparison-Shopping Website agree to settle Federal Trade Commission (FTC) charges alleging deceptive rankings of financial products and fake reviews [February 03, 2020] ReadMore
  • Court stops sprawling scheme that operated hundreds of websites that deceived consumers about Government services [February 05, 2020] ReadMore
  • Federal Trade Commission (FTC) seeks public comment on its Endorsement Guides [February 12, 2020] ReadMore

ENERGY

  • Ministry of New and Renewable Energy (MNRE) reduces effective custom duty back to zero after increment in Budget [February 13, 2020] ReadMore
  • Supreme Court (SC) declines to stay Central Bureau of Investigation (CBI) investigation into involvement of PMO officials in coal scam case [February 12, 2020] ReadMore
  • National Company Law Tribunal (NCLT) orders inclusion of Videocon's overseas assets in bankruptcy process [February 14, 2020] ReadMore

NEWS

  • The Securities and Exchange Board of India (SEBI) allows share issuance on conversion of restricted stock options [February 04, 2020] ReadMore
  • Income tax dept launches e-calculator to compare due tax under new, old regime [February 06, 2020] ReadMore
  • The Securities and Exchange Board of India (SEBI) issues performance benchmarking guidelines for AIFs [February 06, 2020] ReadMore
  • Supreme Court (SC) upholds constitutional validity of SC/ST Amendment Act, 2018 [February 10, 2020] ReadMore
  • Government sets up renewable energy facilitation Centre [February 11, 2020] ReadMore
  • The Securities and Exchange Board of India (SEBI) readies Organisational changes for informant mechanism [February 12, 2020] ReadMore
  • Competition Commission of India (CCI) dismisses complaint of unfair biz practices against Voda Idea, Jio, Airtel [February 12, 2020] ReadMore
  • Arbitration Clause in an insufficiently Stamped Agreement cannot be acted upon by Court: Supreme Court (SC) [February 14, 2020] ReadMore
  • Reserve Bank of India (RBI) Governor expects transmission of rate cuts to improve further [February 15, 2020] ReadMore

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