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Updates For the Day: April 21, 2020
Ministry of Commerce and Industry reviews FDI policy to curb takeovers/acquisitions of Indian companies due to COVID-19
April 21, 2020
All FDI proposals from countries sharing border with India under the government approval route. Companies...
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RBI Extends Resolution timelines on stressed assets under the prudential framework
April 21, 2020
Lenders are required to implement a resolution plan in respect of entities in default within...
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Banks not to pay further dividends from FY 2019-20
April 21, 2020
The Reserve Bank of India vide its notification dated 17th March 2020 has decided that...
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RBI lowers Liquidity Coverage Ratio requirement for commercial banks
April 21, 2020
Reserve Bank of India in its notification dated 17th March 2020 has reduced the liquidity...
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RBI exempts accounts with moratorium benefits from asset recognition norms for 90 days
April 21, 2020
RBI has decided that the payment moratorium period of 3 months, which lending institutions have...
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The Government of Gujarat provides certain relaxation for industrial and commercial activities from 20th April
April 21, 2020
The factories in Gujarat registered under the Factories Act, 1948 shall be exempted from various...
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Karnataka Government gives relaxations for monthly turnover/ value tax statements
April 21, 2020
Returns under Karnataka Sales Tax Act, 1957, for March-April 2020 can be submitted within 20...
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IBBI excludes the period of lockdown from computation of timelines under IBC
April 21, 2020
The period of lockdown would not be counted for the purposes of computation of the...
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Ministry of Health and Family Welfare issues advisory against illegal trade and hoarding of medicines
April 21, 2020
Advisory directs everyone to neither buy nor sell HCQ without prescription. Those found indulging in...
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AYUSH expedites process for licensing manufacture of immunity boosting products and sanitizers.
April 21, 2020
All state licensing authorities will hereby complete licensing process within a week provided the prescribed...
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