The Central Government adds to the lists of controlled substances through the NDPS (Regulation of Controlled Substances) Amendment Order 2020
The Amendment includes two more substances into the list of Schedule A Substances. These are substances whose manufacture distribution, sale, purchase, possession, storage and consumption are in accordance with the Narcotic Drugs and Psychotropic Substances (NDPS) Order, 2013. It also adds 4 substances to both, Schedule B and Schedule C. These Schedules cover substances whose export and import, respectively, are subject to the NDPS Order, 2013.
Central Government revises the working days of the Debt Recovery Tribunal
The amendment brings forth a change in the working days of the Debt Recovery Tribunal. The office of the Tribunal will now be closed on Fourth Saturdays as well. Prior to this Amendment, the Tribunal was open on all days except Second Saturdays, Sundays and public holidays. The office hours remain unchanged, i.e. from 10 am to 6 pm and only urgent work is admitted after 4:30 pm on any given working day.
SEBI extends the timeline for implementation of circular on grievances against proxy advisors.
the circular issued on 4th August was scheduled to come into effect from 1st September but the regulator has further extended the timeline for its implementation by four months to January 1, 2021.
SEBI extends the timeline for the implementation of procedural guidelines for proxy advisors.
SEBI has also made it mandatory for the proxy advisors to share their reports with their clients and the company at the same time, among other requirements.
SEBI has amended the guidelines on the execution of Power of Attorney by the client favoring Stock Broker/Stock Broker and Depository Participant.
SEBI through this amendment has reiterated that the Power of Attorney shall be optional for the opening of client account by stockbrokers or depository participants.
