Living with the times

A lawyer who is not up to date with the current legal and regulatory updates is nothing short of dangerous. Therefore, at NovoJuris Legal, we strive to stay current. We are also strong believers of growth of knowledge through sharing. These articles and blogs help us share our research with the world, so that no one has to reinvent the wheel yet again.

  • Salient features of New Industrial Policy 2020-25

    Salient features of New Industrial Policy 2020-25

    The Karnataka State Government has formulated a new industrial policy for 2020-2025 and the salient features of New Industrial Policy 2020-25 are as follows: Objectives: To attract investments worth INR 5 Lakh crore. To create employment opportunities for 20 Lakh

  • Corrigendum to Master Circular for Depositories

    Corrigendum to Master Circular for Depositories

    Pursuant to the SEBI Circular, SEBI notified certain amendments to be made by the Depositories to align the provisions of the SEBI (Depositories and Participants) Regulations, 2018 (“D&P Regulations, 2018”) with that of Master Circular for Depositories dated October 25,

  • Procedure for handling of SCORES complaints by Stock Exchanges and For Non-Redressal of Grievances

    Procedure for handling of SCORES complaints by Stock Exchanges and For Non-Redressal of Grievances

    The SEBI Circular has laid down the procedure for handling certain types of complaints (as set out in Annexure 2 of the SEBI Circular) by the stock exchanges (“SEs”) as well as standard operating procedure for actions to be taken

  • Reserve Bank of India: Review of Guidelines for Core Investment Companies

    Reserve Bank of India: Review of Guidelines for Core Investment Companies

    Pursuant to the circular dated 13 August 2020 and on the recommendations of the Report of Working Group and inputs received from stakeholders, RBI has revised the guidelines applicable for Core Investment Companies (“CICs”) (“Revised Guidelines”) in following manner: Adjusted

  • Ministry of Corporate Affairs: Clarification on Extension of Annual General Meeting (AGM)

    Ministry of Corporate Affairs: Clarification on Extension of Annual General Meeting (AGM)

    Clarification on Extension of Annual General Meeting (AGM) for the financial year ended as at 31 March 2020. Ministry of Corporate Affairs vide general circular dated 17 August 2020 has reiterated that the companies which are unable to hold their

  • Work From Home:  Relaxations to Other Service Providers (OSP)

    Work From Home: Relaxations to Other Service Providers (OSP)

    The Ministry of Communications via Department of Telecommunications on 15 April 2020 released a notification (“Notification”) that provided for relaxed work-from-home (“WFH”) regulations for other service providers (“OSPs”). The concept of OSP was first introduced in the New Telecom Policy

  • Virtual Board and Shareholder Meetings

    Virtual Board and Shareholder Meetings

    In view of the lockdown situation, travel restrictions and social distancing norms prevailing in the country due to COVID pandemic, the Ministry of Corporate Affairs (“MCA”) has allowed companies to conduct their meetings, both of the directors and members through

  • Department of Consumer Affairs proposes decriminalization of offences under Legal Metrology Act, 2009

    Department of Consumer Affairs proposes decriminalization of offences under Legal Metrology Act, 2009

    The Legal Metrology Division of the Department of Consumer Affairs ("Ministry") on 12th July 2020, issued a consultation paper proposing decriminalisation of Legal Metrology Act, 2009 (“Act”). As per the current provisions of the Act, punishment ranges from imprisonment for a

  • Special liquidity scheme for NBFCs/HFCs

    Special liquidity scheme for NBFCs/HFCs

    Reserve Bank of India (RBI) vide its notification dated 01 July 2020 approved a scheme to improve the liquidity position of NBFCs/HFCs through a Special Purpose Vehicle (SPV) to avoid any potential systemic risks to the financial sector. To be

  • Credit flow to Micro, Small and Medium Enterprises Sector

    Credit flow to Micro, Small and Medium Enterprises Sector

    Reserve Bank of India vide its notification dated 02 July 2020 has notified a new composite criterion of investment and turnover for both manufacturing and service sector. The new criteria will come into effect from 01 July 2020. The details

  • EPF: Relaxation in filing of ECR

    EPF: Relaxation in filing of ECR

    Pursuant to a press release of 30 April 2020, in view of the lockdown imposed due to COVID-19 and to ease the compliance procedure under the Employees Provident Fund and Miscellaneous Provisions Act, 1952 (“EPF Act”), the filing of the

  • NSE: Extension in Timeline for Payment of Annual Listing Fees

    NSE: Extension in Timeline for Payment of Annual Listing Fees

    In view of the operational challenges faced by Companies on account of the COVID-19 breakout, the National Stock Exchange (NSE) has pursuant to its circular dated 30 April 2020 extended the due date of payment for the annual listing fees

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