News and Updates Issue 44 Duration August 16-31, 2020

Whoever is careless with the truth in small matters cannot be trusted with important matters.

ALBERT EINSTEIN

BANKING AND FOREIGN EXCHANGE

  • The Reserve Bank of India (RBI) has issued a Press Release dated August 18, 2020 inviting comments on the draft framework for recognition of a Self-Regulatory Organisation (SRO) for Payment System Operators ReadMore
  • The Reserve Bank of India (RBI) has issued a notification RBI/2020-2021/26 dated August 21, 2020 in relation to new definition of Micro, Small and Medium Enterprises – clarifications ReadMore

COMPETITION LAW

  • Competition Commission of India (CCI) has approved proposed acquisition of compulsorily convertible preference shares and equity shares of Nxtra Data Limited by Comfort Investments II [August 26, 2020] ReadMore

ENERGY

  • Greenko Energies signs Memorandum of Understanding (MoU) with National Thermal Power Corporation Limited (NTPC) for RE power solutions [August 26, 2020] ReadMore
  • Oil and gas industry assesses damage at refineries, plants [August 28, 2020] ReadMore
  • GAIL India looks at petrochemicals, renewables for growth [August 31, 2020] ReadMore

NEWS

  • The Telecom Regulatory Authority of India (TRAI) recommends Spectrum Usage Charge (SUC) be levied on only shared bands, not entire spectrum holding [August 18, 2020] ReadMore
  • The Securities and Exchange Board of India (SEBI) proposes changes in minimum public shareholding requirements for companies under insolvency [August 19, 2020] ReadMore
  • Asset reconstruction companies ask Reserve Bank of India (RBI) to address regulatory gaps between Insolvency and Bankruptcy Code (IBC) and SARFAESI Act [August 27, 2020] ReadMore

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