MCA Notifies scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013
The Ministry of Corporate Affairs vide its notification dated 17th June 2020 has published a scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013 for the purpose of condoning the delay in filing certain forms related to creation/ modification of charges.
SEBI has relaxed the voluntary open offer requirement till 31st March 2021 under SEBI (SAST) Regulations
SEBI has relaxed the provision for voluntary open offer, in which a shareholder holding 25% or more of shares or voting rights shall make a voluntary open offer subject to their aggregate shareholding after completion of the open offer not exceeding the maximum permissible non-public shareholding.
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.
CBDT has notified cost inflation index for FY 2020-21
The Central Board of Direct Taxes vide its notification dated 12th June 2020 has notified the cost inflation index at 301 for the financial year 2020-21.
FSSAI Extended the date for mandatory Food Safety Audit
The date for mandatory food safety audit of food business has been extended up to 30.9.2020
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.
The Securities and Exchange Board Of India(Real Estate Investment Trusts) (Second Amendment) Regulations, 2020
The Security Exchange Board of India vide its notification dated 16th June 2020. has published the Securities and Exchange Board of India (Real Estate Investment Trusts) (Second Amendment) Regulations, 2020. The amendments deals with the provisions governing the sponsors of Real Estate Investment Trusts.
