UPDATES ISSUED BY MINISTRY OF CORPORATE AFFAIRS ("MCA")

Clarification on CSR contribution to PM CARES Fund

The MCA has vide notification dated May 26, 2020 included contribution to the 'Prime Minister's... More

Scheme for relaxation of time for filing forms related to creation or modification of charges under

The MCA has vide circular dated June 17, 2020 introduced a scheme for relaxation of time More

Companies (Share Capital and Debentures) Amendment Rules 2020

MCA has, vide notification dated June 5, 2020 notified the Companies (Share Capital and Debentures) More

Companies may hold EGM through Video Conference (VC) or other audio visual means (OAVM) up to 30th September 2020

The MCA had, vide Circular No. 14/2020 dated April 08, 2020 and Circular No. 17/2020 dated April 13 More

MCA extends timelines for creation of deposit repayment reserve and to invest deposit amount of debentures

The MCA has, vide Circular dated June 19, 2020, further extended the timelines More

MCA allows board meeting to be held via video conference on restricted matters till September 30, 2020

The MCA, vide notification dated March 19, 2020, had notified the Companies More

Contributions towards the Central Armed Police Forces (CAPF) and Central Paramilitary Forces (CPMF) veterans and their dependents including widows to fall within the definition of Corporate Social Responsibility (CSR)

The MCA has vide notification dated June 23, 2020 further amended More

MCA further extends last date to enter details in Independent Directors' data bank

The MCA has, vide notification dated June 23, 2020, amended the Companies More

MCA further extends the time period for reserved names

The MCA has amended the Companies (Removal of Names of Companies from the Registrar of Companies) More

UPDATES ISSUED BY SECURITIES AND EXCHANGE BOARD OF INDIA ("SEBI")

Further extension of relaxation for time gap between two board/ audit committee meetings

In light of the COVID-19 pandemic, SEBI has, vide its circular dated June 26, 2020 More

Further extension of time for submission of Annual Secretarial Compliance ("ASC") Report

SEBI had previously extended the timeline for submission of the annual secretarial compliance report More

Further extension of time for submission of financial results for the quarter/ half year/ financial year ending 31st March 2020

Due to the ongoing and continuing impact of COVID-19 pandemic More

Relaxations for Listed Companies having stressed assets

SEBI has vide a press release no. 35/ 2020 dated June 23, 2020, decided to relax the pricing methodology More

Relaxations under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("ICDR Regulations")

SEBI has, vide a circular dated June 9, 2020, decided to provide relaxations for further public offers (FPOs) More

Revision to post-default curing period for Credit Rating Agencies ("CRA")

SEBI has, vide circular dated May 21, 2020, revised the post-default curing period specified More

Relaxations for takeovers and buy-back

In view of the continuing COVID-19 pandemic situation, SEBI has, vide a circular dated May 14, 2020 More

Relaxation from the Minimum Public Shareholding (MPS) requirements

SEBI has, vide circular dated May 14, 2020, decided to grant relaxation from MPS requirements More

Additional relaxations under LODR Regulations

SEBI, vide circular dated May 12, 2020, granted relaxation to listed entities More

Relaxations relating to procedural matters pertaining to issues and listing

SEBI has, vide a circular dated May 6, 2020, granted one-time relaxation More

SEBI notifies entities permitted to undertake e-KYC Aadhaar authentication service of Unique Identification Authority of India ("UIDAI")

Bombay Stock Exchange Limited, National Securities Depository Limited More

Framework for Regulatory Sandbox

SEBI has, vide circular dated June 5, 2020, decided to introduce a framework for Regulatory Sandbox More

Amendment to Takeover Regulation to enhance the creeping acquisition limit for promoters of a listed company

SEBI has vide notification dated June 16, 2020 amended the Takeover Regulations to enhance More

UPDATES ISSUED BY RESERVE BANK OF INDIA ("RBI")

Voluntary Retention Route ("VRR") for Foreign Portfolio Investors (FPIs)

RBI, vide RBI/2019-20/239 A.P.(DIR Series) Circular No.32 dated May 22, 2020, allowed FPIs More

Import of goods and services- Extension of time limits for settlement of import payment

On account of the continuance of the COVID-19 pandemic, RBI has vide RBI/2019-20/242 A.P. (DIR Series) More

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