BANKING AND FOREIGN EXCHANGE

• The Reserve Bank of India (RBI) has issued a notification RBI/2019-20/102 A.P. (DIR Series) Circular No. 09 dated November 22, 2019 in relation to Non-resident Rupee Accounts – Review of Policy.
  For more information, please access –
  https://rbidocs.rbi.org.in/rdocs/notification/PDFs/09APDIR2211201953BF5CFADEB3493C868A253C6785B9D6.PDF
• The Reserve Bank of India (RBI) has issued a notification RBI/2019-20/106 dated November 28, 2019 in relation to exclusion of “Vijaya Bank” and “Dena Bank” from the Second Schedule of the Reserve Bank of India Act, 1934 and cessation as banking companies.
  For more information, please access –
  https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11744&Mode=0

LABOUR LAW

• Ministry of Labour & Employment implementing modernisation of Employment Exchanges [November 18, 2019]
  For more information, please access –
  https://pib.gov.in/PressReleseDetail.aspx?PRID=1591941
• Ministry of Labour & Employment draft a rule in relation to Extension of Working Hours [November 27, 2019]
  For more information, please access –
  https://pib.gov.in/PressReleseDetail.aspx?PRID=1593989
• Ministry of Labour & Employment Industrial Relations Code Bill, 2019 Introduced in Lok Sabha [November 28, 2019]
  For more information, please access –
  https://pib.gov.in/PressReleseDetail.aspx?PRID=1593989

COMPETITION LAW

• The Federal Trade Commission (FTC) has settled California Company Allegations that it falsely claimed participation in European Commission (EU) -U.S. Privacy Shield [November 19, 2019]
  For more information, please access –
  https://www.ftc.gov/news-events/press-releases/2019/11/california-company-settles-ftc-allegations-it-falsely-claimed
• The Federal Trade Commission (FTC) sent refund checks totaling over $1.8 Million to Consumers defrauded by “Risk-Free” trial offers for Skin Care Products [November 21, 2019]
  For more information, please access –
  https://www.ftc.gov/news-events/press-releases/2019/11/ftc-sending-refund-checks-totaling-over-18-million-consumers
• Competition Commission of India (CCI) approves the acquisition of 37.40% of the paid up share capital and joint control of Adani Gas Limited (“AGL”) by total Holdings SAS, under Section 31(1) of the Competition Act, 2002 (“Act”) [November 28, 2019]
  For more information, please access –
  https://www.cci.gov.in/sites/default/files/press_release/PR232019-20.pdf
• Competition Commission of India (CCI) approves the acquisition by Amazon.com NV Investment Holdings LLC (“Acquirer”) in Future Coupons (Private) Limited (“FCL/Target”), under Section 31(1) of the Competition Act, 2002 [November 28, 2019]
  For more information, please access –
  https://www.cci.gov.in/sites/default/files/press_release/PR222019-20.pdf
• The European Commission (EU) has published roaming market review: use of mobile phones abroad has surged since end of EU roaming charges [November 29, 2019]
  For more information, please access –
  https://ec.europa.eu/commission/presscorner/detail/en/ip_19_6410

ENERGY

• Global refiners raise cleaner shipping fuel output ahead of IMO 2020 [November 21, 2019]
  For more information, please access –
  https://energy.economictimes.indiatimes.com/news/oil-and-gas/global-refiners-raise-cleaner-shipping-fuel-output-ahead-of-imo-2020/72153523
• Supreme Court (SC) asks for smog towers, anti-smog gun to fight air pollution in Delhi [November 26, 2019]
  For more information, please access –ReadMore
  Ministry of New and Renewable Energy - Power generated from Waste Garbage/Material [November 21, 2019]
  For more information, please access –
  https://pib.gov.in/newsite/pmreleases.aspx?mincode=28

NEWS

• Union Ministry of Corporate Affairs should be a Party in all Insolvency and Bankruptcy Code (IBC) Proceedings: National Company Law Tribunal (NCLT)[November 26, 2019]
  For more information, please access –
  https://www.livelaw.in/news-updates/union-ministry-of-corporate-affairs-should-be-a-party-in-all-ibc-proceedings-150159
• Department of Tele-communication (DoT) asks telcos to share broadband infra in Government buildings [November 19, 2019]
  For more information, please access –
  https://economictimes.indiatimes.com/industry/telecom/telecom-news/dot-asks-telcos-to-share-broadband-infra-in-govt-buildings/articleshow/72129144.cms
• Tax department launches web portal for exchange of information [November 22, 2019]
  For more information, please access –ReadMore