The Income-tax (16th Amendment) Rules, 2020
The the Income-tax (16th Amendment) Rules, 2020 provides the new details to be furnished by the tax deductors while filing quarterly statements under Rule 31A to the Director General of Income-tax (Systems) from the 1st day of July,2020.
SEBI issues norms for optional pricing in preferential issue
SEBI has provided an additional option for pricing methodology with respect to preferential issues. The price of the equity shares to be allotted pursuant to the preferential issue shall not be less than the higher of the following:The average of the weekly high and low of the Volume Weighted Average Price (VWAP) of the related shares during the 12 weeks preceding the relevant date or such average of the weekly high and low of VWAP of shares during the two weeks preceding the relevant date.
CDSCO has allowed the use of convalescent plasma for COVID-19 patients
The Central Drugs Standard Control Organisation on 1st July 2020 has suggested the use of Convalescent plasma in moderate COVID-19 patients who are not improving despite the use of steroids.
Tamil Nadu PCB issues guidelines for control of pollution and enforcement of environmental norms for individual establishments
The Tamil Nadu Pollution Control Board has issued guidelines and options for control of pollution and enforcement of environmental laws with particular focus on the common environmental issues symptomatic to various establishments.
Tamil Nadu PCB extends the validity period of consent to operate and authorization till 30th September 2020
The Tamil Nadu Pollution Control Board on 1st July 2020 has extended the validity period of consent to operate and authorization expiring after 31 March 2020, till 30th September 2020.
The Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Second Amendment) Regulations, 2020
A limited liability partnership, a registered partnership firm or a company may be recognized as an insolvency professional entity if “its sole objective is to provide support services to insolvency professionals”.
FSSAI operationalises the standards of honey provided under Food Safety and Standards (Food Products Standards and Food Additives) (Amendment) Regulations, 2019
Food Safety and Standards Authority of India (FSSAI) has operationalised the Food Safety and Standards (Food Products Standards and Food Additives) (Amendment) Regulations, 2019 on 1st July 2020.
The Bihar Goods and Services Tax (Sixth Amendment) Rules, 2020
The Bihar Goods and Services Tax (Sixth Amendment) Rules, 2020 issued on The 2nd July 2020 has allowed the companies with registration under the the Bihar Goods and Services Tax Act 2017 to furnish the returns in FORM GSTR-1 verified through electronic verification code (EVC).
ESIC mandates providing bank account details and mobile number while registering as an insured person
The Employees State Insurance Corporation has ordered to make the mobile number and bank account details of an employee mandatory for registering as an insured person which shall in force from 1st July 2020.
ESIC allows migrant workers to avail medical benefits from their nearest ESI hospital
The Employees State Insurance Corporation has allowed migrant workers across the country, with valid ESI medical benefit entitlement to avail medical care services from ESI hospitals nearest to their hometown.
