FSSAI extends the timeline for compliance of food safety and standardars (Recovery and Distribution of Surplus Food) Regulations, 2019
The Food Safety and Standards Authority of India vide its notification dated 26th June 2020 has extended time for compliance with Food Safety and Standards (Recovery and Distribution of Surplus Food) Regulation till 1st January 2020.
IRDAI issues guidelines on COVID Standard Health Policy
The Insurance Regulatory and Development Authority of India on 26th June 2020 has mandated all general and health insurers to offer Individual Covid Standard Health Policy by 10th July 2020.
Labor Department of Assam increases minimum wages of workers
The Labor Department of Assam vide increases the Variable Dearness Allowance (VDA) in the State for workers.
Extension of Deadline for Declaration of Assets in West Bengal
Labor Department of West Bengal has extended the date for submission of declaration of assets up to 31st August 2020.
SEBI eases preferential issue pricing norms for companies and amends open offer rule
The Securities and Exchange Board of India on 25th June 2020 decided to relax the pricing methodology for preferential issuance of shares and has revised various regulations like SEBI (Prohibition of Insider Trading) Regulations, 2015, The Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Securities and Exchange Board of India (Settlement Proceedings)(Amendment) Regulations, 2020.
RBI directs banks and NBFCs to disclose digital lending agent upfront
The Reserve Bank of India vide its notification dated 24th June 202 has directed banks, NBFCs and digital lending platforms to disclose full information upfront on their websites to customers and adhere to the Fair Practices Code guidelines while providing services through digital intermediaries.
DGFT develops a new digital platform for import export code related service
The Directorate General of Foreign Trade has, as a part of the initiative to revamp its service delivery mechanisms to promote and facilitate foreign trade, has launched a new digital platform on 13th July 2020 to provide services related to the IEC issuance, modification, amendments etc.
Ministry of Finance notifies Odisha and Jharkhand real estate regulatory authority as a ‘class of authority’ for income tax relaxations
Odisha and Jharkhand Real Estate Regulatory Authority declared as a ‘class of Authority’ in respect of the following specified income arising to that Authority, namely, Amount received as Grant-in-aid or loan/advance from Government, Fee/penalty received from builders/developers, agents or any other stakeholders as per the provisions of the Real Estate (Regulation and Development) Act, 2016.
Labour Ministry extends public utility service status for defense establishments
Industry of defense to be a public utility service for a further period of six months which will be effective from 24th June 2020.
Central Goods and Services Tax (Removal of Difficulties) Order, 2020
Central Goods and Services Tax (Removal of Difficulties) Order, 2020 has extended the date for filing application for revocation of cancellation of registration for those registered persons who were served notice under Section 29. The period of 30 days for filing application shall be calculated excluding the period till 30 August 2020.
