News and Updates Issue 50 Duration November 16-30, 2020

“To succeed in the other trades, capacity must be shown; in the law, concealment of it will do.”

MARK TWAIN

BANKING AND FOREIGN EXCHANGE

  • The Reserve Bank of India (RBI) has issued a press release RBI/2020-21/66 A.P. (DIR Series) Circular No. 05 dated November 13, 2020 in relation to discontinuation of Returns/Reports under Foreign Exchange Management Act, 1999 ReadMore
  • The Reserve Bank of India (RBI) has issued a press release RBI/2020-2021/67 A.P. (DIR Series) Circular No. 06 dated November 17, 2020 for amending the Foreign Exchange Management Act, 1999 (FEMA)- Compounding of Contraventions under FEMA, 1999 ReadMore
  • The Reserve Bank of India (RBI) has issued a press release RBI/2020-21/68 dated November 17, 2020 in relation to maintenance of Escrow Account with a Scheduled Commercial Bank ReadMore
  • The Reserve Bank of India (RBI) has issued a press release RBI/2020-21/69 A.P. (DIR Series) Circular No. 07 dated November 23, 2020 in relation to Establishment of Branch Office (BO) / Liaison Office (LO) / Project Office (PO) or any other place of business in India by foreign law firms ReadMore

LABOUR LAW

  • The Union Labour Ministry has notified draft Rules under the Occupational Safety, Health and Working Conditions Code, 2020 towards operationalizing the labour reforms draft Rules [November 20, 2020] ReadMore

COMPETITION LAW

  • Federal Trade Commission (FTC) approves administrative complaint against supplement marketer Health Research Laboratories, LLC [November 20, 2020] ReadMore
  • Federal Trade Commission (FTC) sues to Block CoStar Group, Inc.’s proposed acquisition of Chief Competitor RentPath Holdings, Inc. [November 30, 2020] ReadMore

ENERGY

  • Downstream oil regulator Petroleum & Natural Gas Regulatory Board (PNGRB) simplifies gas pipeline tariff [November 27, 2020] ReadMore

NEWS

  • High Courts (HC) can enforce Fundamental Rights too: Supreme Court (SC) [November 16, 2020] ReadMore
  • Privacy activist files complaints against Apple's tracking tool [November 16, 2020] ReadMore
  • Supreme Court (SC) to resume hearing on loan moratorium, interest on interest waiver case today [November 19, 2020] ReadMore
  • Facebook to buy customer service startup Kustomer [November 30, 2020] ReadMore

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