SEBI notifies amendments to SEBI International Financial Services Centres Guidelines, 2015
Any Indian recognized stock exchange or clearing corporation, or, any recognized stock exchange or clearing corporation of a foreign jurisdiction shall form a subsidiary to provide the services of a clearing corporation in IFSC wherein at least 51% of paid-up equity share capital is held by such stock exchange or clearing corporation.
The Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2020
The Amendment is brought under Regulation 16A where the authorized representative shall circulate the agenda to creditors in a class, and may seek their preliminary views on any item in the agenda to enable him to effectively participate in the meeting of the committee.
MOHFW extends the insurance scheme for health workers fighting COVID-19 for a further period of 90 days
Insurance under the Pradan Mantra Garib Kalyan scheme for health workers fighting COVID-19 is extended for a period of 90 days starting from 30th July 2020.
BGST amendment provides timeline for filing returns to avail input tax credit
Prior to the Amendment, Section 140 only prescribed that in order to avail input tax credit; the requisite return must be furnished in the manner provided by the existing law. The amendment now clarified that the return must also be furnished within the time specified by the law.
Bihar GST amendment empowers government for removal of difficulties
The Amendment Ordinance now adds Ladakh to the list of Union Territories under the GST Act, 2017 and includes Dadra and Nagar Haveli and Daman and Diu under one clause. Furthermore, it provides five years for the Government to make necessary provisions in the Act for the removal of any difficulty in giving effect to the Act.
