Consultative paper proposes to amend the LODR provision on guarantee provided by a company: comments invited
The consultative paper submitted to Securities Exchange Board of India(SEBI) has suggested to amend the SEBI listing Obligations and Disclosure Regulations to increase the restrictions on the guarantees extended by listed companies. Comments on the proposal may be sent on or before March 31, 2020, to guaranteereview@sebi.gov.in.
CBDT issues Income-tax (7th Amendment) Rules, 2020
The Central Board of Direct Taxes vide notification dated 5th March, 2020 has issued The Income-tax (7th Amendment) Rules, 2020. The amendment has added a new form of investment to the list under Rule 17C which provide the Forms or modes of investment or deposits by a charitable or religious trust or institution which is granted tax exemption.
Registration of New Public & Private Limited Companies for EPFO & ESIC now on MCA Portal
The Ministry of Labour & Employment on 4th March 2020, in its news highlights, has issued an intergrated process for registration of GST, EPFO, ESIC and Profession Tax for Maharashtra during company incorporation with the MCA. Registration for EPFO & ESIC for new Public & Private Limited Companies and One Person Company has been stopped on Shram Suvidha Portal from 15.02.2020.
The Ministry of Health and Family Welfare has introduced The Medical Termination of Pregnancy (Amendment) Bill, 2020
The Minister of Health and Family has introduced The Medical Termination of Pregnancy (Amendment) Bill, 2020 in Lok Sabha on 2nd March 2020 which seeks to amend section 3 of Medical Termination of Pregnancy Act, 1971 to extend the upper limit for medical termination pregnancy to 24 weeks from the present stipulated of 20 weeks for certain category of women which may be prescribed by the central government.
SEBI amends mutual fund norms relating to appointment of custodian and Procedure for launching of schemes
The Securities and Exchange Board of India Vide its notification dated 6th March 2020 has notified new amendments in Mutual Funds regulations.
The amendment has been brought under regulation 26 to provide that the assets can be kept in the custody of a custodian registered with the Board.
