News and Updates Issue 46 Duration September 16-30, 2020

“Our reason is our law.”

MILTON: PARADISE LOST, BK.IX,I.652

BANKING AND FOREIGN EXCHANGE

  • The Reserve Bank of India (RBI) has issued a notification RBI/2020-2021/41 dated September 25, 2020 in relation to Positive Pay System for Cheque Truncation System ReadMore

LABOUR LAW

  • Ministry of Labour & Employment, the Rajya Sabha in its sitting today passed three labour codes namely, Industrial Relations Code, 2020 (ii) Code on Occupational Safety, Health & Working Conditions Code, 2020 & (iii) Social Security Code, 2020. [September 23, 2020] ReadMore

COMPETITION LAW

  • Competition Commission of India (CCI) approves acquisition of Nutrition & Biosciences, Inc. (“Spinco”) by International Flavors & Fragrances Inc. (“IFF”)under Section 31(1) of the Competition Act, 2002, today [September 18, 2020] ReadMore
  • Competition Commission of India (CCI) approves acquisition of sole control over Bombardier Transportation’s (Bombardier Transport) by Alstom S.A. (Alstom), and acquisition of approximately 18% and 3% share capital of Alstom S.A. by Caisse de dépôt et placement du Québec (CDPQ) and Bombardier Inc(Bombardier) respectively, under Section 31(1) of the Competition Act, 2002, today [September 18, 2020] ReadMore
  • Competition Commission of India (CCI) approves acquisition of 100% equity shares of Medlife International Private Limited (“Medlife”) by API Holdings Private Limited (“API Holdings”) and of up to 19.59% equity share capital of API Holdings by Medlife’s shareholders under Section 31(1) of the Competition Act, 2002 [September 22, 2020] ReadMore
  • Federal Trade Commission (FTC) to Host Virtual “Back-to-Basics” Advertising and Data Security Workshop for Small Businesses [September 21, 2020] ReadMore
  • Federal Trade Commission (FTC) and DOJ seek comments on Proposed Amendments to HSR Rules and advanced notice of proposed HSR Rulemaking [September 21, 2020] ReadMore
  • Globex Telecom and Associates Will Pay $2.1 Million, Settling Federal Trade Commission (FTC) first consumer protection case against a VoIP Service Provider [September 22, 2020] ReadMore
  • Federal Trade Commission (FTC), State, and Federal Law Enforcement Partners Announce Nationwide Crackdown on Phantom and Abusive Debt Collection [September 29, 2020] ReadMore

ENERGY

  • Government prepares draft rules to protect electricity consumers' rights [September 16, 2020] ReadMore
  • Government extends validity of FAME-II certificates for approved electric vehicle models [September 25, 2020] ReadMore
  • Government may impose customs duty on solar equipment soon [September 26, 2020] ReadMore
  • Government notifies norms for alternative fuels to promote sustainable transportation [September 28, 2020] ReadMore

NEWS

  • Google Pay, Visa partner for card-based payments with tokenization [September 21, 2020] ReadMore
  • State Bank of India (SBI) Life inks pact with Yes Bank to sell insurance policies [September 21, 2020] ReadMore
  • Centre asks States to stamp global convention details on International Driving Permits [September 21, 2020] ReadMore
  • The Securities and Exchange Board of India (SEBI)details framework to protect investors against near zero/negative prices in commodities [September 21, 2020] ReadMore
  • No permit required for transport vehicles carrying Oxygen: Centre [September 21, 2020] ReadMore

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