SEBI notifies (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2020

The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2020. provides that a listed company cannot make any subsequent qualified institutions placement until the expiry of two weeks against the previous ban for six months from the date of the prior qualified institution’s placement made pursuant to one or more special resolutions.

EPFO Launches Multi-location Claim Settlement Facility

The Employees’ Provident Fund Organisation in its press release dated 15th June 2020 has launched a multi-location claim settlement facility that allows EPFO offices to settle online claims from any of its regional offices, across the country. . All types of online claims i.e. provident fund, pension, partial withdrawal and claims, and transfer claims can be processed under this novel initiative.

Shops and establishments in Chandigarh to open seven days a week

Government of chandigarh allows employers of shops and commercial establishments to open their outlets on all days, subject to the condition that the provisions of the Act/rules relating to employment, working conditions, rest interval, weekly offs and other restrictions must be complied.

CBIC Issues Clarification on Refund Related Matter

CBIC vide its circular clarified that the treatment of refund of such ITC relating to imports, ISD invoices and the inward supplies liable to Reverse Charge (RCM supplies) will
continue to be same as it was before the issuance of Circular No. 135/05/2020- GST dated 31st
March, 2020.

FSSAI Issues Directions w.r.t RDA Values for Food Products under FSS.

FSSAI issued circular stating directions under section 16(5) of Food Safety and
Standards Act, 2006 regarding operationalization of Food Safety and Standard (Food Products
Standard and Food Additive)Amendment Regulations,2020. Clauses relating to standards for
fortified atta, fortified maida, iodized salt and iron fortified iodized salts are decided to be
omitted from Food Safety and Standard(Food product Standard and Food Additives) Regulation,
2011, with immediate effect.