News & Updates Issue 43 Duration August 01-15, 2020

“ANYTHING LESS THAN FULL JUSTICE IS CRUELTY.”

WILLIAM PENN

BANKING AND FOREIGN EXCHANGE

  • The Reserve Bank of India (RBI) has issued a notification RBI/2020-21/17 dated August 06, 2020 in relation to Micro, Small and Medium Enterprises (MSME) sector – restructuring of advances Read More
  • The Reserve Bank of India (RBI) has issued a notification RBI/2020-21/20 dated August 06, 2020 in relation to opening of Current Accounts by Banks - Need for DisciplineRead More
  • The Reserve Bank of India (RBI) has issued a notification RBI/2020-21/21 dated August 06, 2020 in relation to online Dispute Resolution (ODR) System for Digital Payments. Read More
  • The Reserve Bank of India (RBI) has issued a notification RBI/2020-21/22 dated August 06, 2020 in relation to offline retail payments using Cards / Wallets / Mobile Devices – Pilot Read More
  • The Reserve Bank of India (RBI) has issued a notification RBI/2020-21/23 dated August 12, 2020 in relation to System-based asset classification – UCBs Read More
  • The Reserve Bank of India (RBI) has issued a notification RBI/2020-21/24 dated August 13, 2020 in relation to review of guidelines for Core Investment Companies Read More

LABOUR LAW

  • The Unified Mobile Application for New-age Governance (UMANG) has reportedly been a big hit among Employees' Provident Fund Organizations (EPFO) subscribers enabling them to utilize services during COVID-19 pandemic from their homes. Presently, a PF member can access 16 different services of EPFO on their mobile phone using UMANG App. For availing these services an active UAN (Universal Account Number) and a mobile number registered with the EPFO is required. EPFO’s member-centric services on UMANG App got a big thumbs-up from its subscribersduring the COVID-19 pandemic period [August 10, 2020] Read More

COMPETITION LAW

  • Competition Commission of India (CCI) approves proposed combination filed jointly by Keihin Corporation, Nissin Kogyo Co., Ltd., Showa Corporation and Hitachi Automotive Systems, Ltd [August 11, 2020] Read More
  • Federal Trade Commission (FTC) alleges merchant cash advance provider overcharged small businesses millions [August 03, 2020] Read More
  • Federal Trade Commission (FTC) Acts against online sellers that falsely promised fast delivery of facemasks and other personal protective equipment [August 05, 2020] Read More

ENERGY

  • Appellate Tribunal for Electricity postpones trading of renewable energy certificates [August 03, 2020] Read More
  • Government plans to lease mine land to private firms for infra projects [August 11, 2020] Read More
  • Government looks at mixing biogas with natural gas [August 11, 2020] Read More

NEWS

  • The Securities and Exchange Board of India (SEBI) comes out with guidelines for local proxy advisors [August 03, 2020] Read More
  • The Securities and Exchange Board of India (SEBI) decentralises registration process of portfolio managers [August 04, 2020] Read More
  • Indian software product companies write to Government requesting reforms [August 05, 2020] Read More
  • Reserve Bank of India (RBI) announces a slew of measures to boost digital payments [August 06, 2020] Read More
  • The Insolvency and Bankruptcy Board of India (IBBI) amends liquidation process regulations; liquidator's fee to 'depend' on the work done [August 06, 2020] Read More
  • Labour Ministry could widen scope of gratuity to include contract, seasonal, gig workers [August 10, 2020] Read More
  • Income Tax (IT) department cracks down on Chinese entities suspected of money laundering, bogus transactions [August 12, 2020] Read More
  • Reserve Bank of India (RBI) tightens norms for core investment companies [August 13, 2020] Read More

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