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  • Standardisation of procedure to be followed by Debenture Trustee(s) in case of ‘Default’ by Issuers of listed debt securities

    Standardisation of procedure to be followed by Debenture Trustee(s) in case of ‘Default’ by Issuers of listed debt securities

    The Securities and Exchange Board of India (SEBI) on October 08, 2020 has issued the Securities and Exchange Board of India (Debenture Trustees) (Amendment) Regulations, 2020 to further amend the Securities and Exchange Board of India (Debenture Trustees) Regulations, 1993.

  • Securities and Exchange Board of India (Issue and Listing of Debt Securities) (Amendment)               Regulations, 2020

    Securities and Exchange Board of India (Issue and Listing of Debt Securities) (Amendment) Regulations, 2020

    Securities and Exchange Board of India (SEBI) on October 08, 2020 has issued the Securities and Exchange Board of India (Issue and Listing of Debt Securities) (Amendment) Regulations, 2020. These regulations have brought in few key amendments in the Securities

  • Extension of date for Mandatory Safety Audit of Food Businesses under FSS (Food Safety Auditing) Regulations, 2018

    Extension of date for Mandatory Safety Audit of Food Businesses under FSS (Food Safety Auditing) Regulations, 2018

    The last day for mandatory auditing of food businesses holding central license, and falling under high-risk category has been extended up to 31 December 2020. This decision is taken in the light of the current situation because of the COVID-19

  • Directions Regarding Display of “Date of Manufacturing” and “Best Before Date” in case of Sweets

    Directions Regarding Display of “Date of Manufacturing” and “Best Before Date” in case of Sweets

    In suppression of the previous order dated 24.02.2020 issued on the subject, in public interest and to ensure food safety, the Food Safety and Standards Authority of India has decided that in case of non-packaged/ loose sweets, the container/tray containing

  • Positive Pay System for Cheque Truncation System

    Positive Pay System for Cheque Truncation System

    Under the positive pay system, the issuer of the cheque is going to be required to submit electronically, through SMS, mobile app, internet banking or ATM certain minimum details of that cheque like date, name of the beneficiary, payee, amount

  • Circulars for extension of various schemes issued by MCA

    Circulars for extension of various schemes issued by MCA

    Considering the representations made by various stakeholders, the Ministry of Corporate Affairs (“MCA”) has extended Companies Fresh Start Scheme, 2020 and LLP Settlement Scheme, 2020, (previously valid till 30 September 2020) for a period of 3 months, to 31 December

  • Extension of timeline for compliance IS Standards under the Food Safety and Standards (Packaging) Regulations, 2018

    Extension of timeline for compliance IS Standards under the Food Safety and Standards (Packaging) Regulations, 2018

    The Food Safety and Standards (Packaging) Regulations, 2018 (Regulation) deals with regulations relating to food packaging. The Regulation provides a detailed list of packaging materials that may be used for the packaging of specific categories of food products and also

  • Clarification on due date for Annual General Meeting

    Clarification on due date for Annual General Meeting

    The Annual General Meeting (AGM) for the financial year ended 31 March 2020 has been extended till 31 December 2020 for all companies. Though the MCA had allowed companies to conduct AGMs through audio-visual means, the prevailing pandemic crisis had

  • MCA extends due date for filing Cost Audit Report

    MCA extends due date for filing Cost Audit Report

    The Ministry of Corporate Affairs (the MCA) has extended the last date of filing of CRA-4 (form for filing of the cost audit report) for financial year 2019-20 under the Companies Act, 2013. The MCA also relaxed the additional fees

  • Mode of submission of application for registration of bidders having beneficial ownership from countries sharing land border with India

    Mode of submission of application for registration of bidders having beneficial ownership from countries sharing land border with India

    The Office Memorandum of the Department of Promotion of Industry and Internal Trade dated 23 July 2020 mandated that bidders having beneficial ownership in countries which share land border with India will be eligible to bid in public procurement only

  • Business Reform Action Plan by Hon’ble minister Nirmala Sitharaman

    Business Reform Action Plan by Hon’ble minister Nirmala Sitharaman

    Smt. Nirmala Sitharaman, Hon’ble Minister of Finance and Minister of Corporate Affairs, announced the 4th edition of Business Reform Action Plan (BRAP) ranking, on Sep 5, 2020 at an event held at the New Media Centre, New Delhi. Ranking of

  • Resolution Framework for COVID-19 related stress – Financial Parameters

    Resolution Framework for COVID-19 related stress – Financial Parameters

    The Reserve Bank of India on September 7, 2020, released the K V Kamath-led Committee report, which had recommended financial parameters to be factored within the resolution plans under the ‘Resolution Framework for Covid19-related Stress’ alongside sector-specific benchmark ranges for

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