News and Updates Issue 33 Duration March 01-15, 2020

Public hygiene and sanitation are an important aspect of the 'right to live'.

BANKING AND FOREIGN EXCHANGE

  • The Reserve Bank of India (RBI) has issued a notification RBI/2019-20/170 dated March 13, 2020 in relation to implementation of Indian Accounting Standards ReadMore
  • The Reserve Bank of India (RBI) has issued a notification RBI/2019-20/171 dated March 13, 2020 in relation to limits on exposure to single and group borrowers/parties and large exposures and revision in the target for priority sector lending – UCBs ReadMore

LABOUR LAW

  • As part of the ongoing efforts to improve India’s ranking in the Doing Business Report 2021, The Ministry of Labour & Employment has completed the reform to “Integrate process of registration for GST, EPFO, ESIC and Profession Tax for Maharashtra with company incorporation” in tandem with the Ministry of Corporate Affairs (MCA). The reform has been completed by making the registration of new Public, Private Limited Companies and One Person Company for ESIC and EPFO mandatory through the Spice+ and AGILE-PRO e-forms of MCA w.e.f., 15-02-2020. [March 06, 2020] ReadMore

COMPETITION LAW

  • Competition Commission of India (CCI) has received Green Channel combination pertaining to acquisition of up to 40% of the issued and paid-up equity share capital of IndoStar Capital Finance Limited on a fully diluted basis by BCP V Multiple Holdings Pte. Ltd [March 02, 2020] ReadMore
  • Competition Commission of India (CCI) organizes its fifth Edition of National Conference on Economics of Competition Law [March 06, 2020] ReadMore
  • Competition Commission of India (CCI) approves the acquisition by Greenko Mauritius (Acquirer/Greenko) in Teesta Urja Limited (Target/TUL), under Section 31(1) of the Competition Act, 2002 [March 11, 2020] ReadMore
  • Competition Commission of India (CCI) approves proposed combination involving setting up of Mindspace REIT (REIT) by K. Raheja Corp Group and acquisition of certain equity shareholding held by selling shareholders in the Target Entities by REIT, under Section 31(1) of the Competition Act, 2002 [March 11, 2020] ReadMore
  • Competition Commission of India (CCI) approves acquisition of additional equity shares in Hero FinCorp Limited by Otter Limited and Link Investment Trust [March 11, 2020] ReadMore

ENERGY

  • The National Company Law Tribunal (NCLT) has reportedly allowed the corporate affairs ministry to reopen the books of CG Power for the last five financial years so that it could probe the alleged fraud at the equipment manufacturer. [March 06, 2020] ReadMore
  • Lok Sabha passes Mineral Law Amendment Bill [March 06, 2020] ReadMore

NEWS

  • The Securities and Exchange Board of India (SEBI) proposes new mechanism to make e-voting convenient for shareholders [March 05, 2020] ReadMore
  • Reserve Bank of India (RBI) to seek review of Supreme Court (SC) order on cryptocurrency [March 06, 2020] ReadMore
  • The Securities and Exchange Board of India (SEBI) reviews mechanism regarding guarantees extended by listed firms [March 06, 2020] ReadMore
  • The Supreme Court has reportedly ruled that old claims cannot be revived or projects held up by unending litigation under Section 24 of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 [March 07, 2020] ReadMore
  • Supreme Court (SC) asks Reserve Bank of India (RBI) to frame norms for banks to give issuer details in cases of cheque bouncing [March 09, 2020] ReadMore
  • Government sets up panel for changes in mining policy [March 11, 2020] ReadMore

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