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Legal Updates
The Ministry of Corporate Affairs vide general circular no. 22/2020 dated June 15, 2020 has issued Clarification on passing of ordinary and special resolutions by companies under the Companies act, 2013 read with rules made thereunder on account of Covid-19
The Ministry of Corporate Affairs vide general circular no. 23/2020 dated June 17, 2020 has issued Scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2O13
The Securities Exchange Board of India vide press release no. 33/2020 dated June 10, 2020 has issued for implementation of Section 51A of UAPA, 1967-Updates to UNSC’s 1267/ 1989 ISIL (Da’esh) & Al-Qaida Sanctions List -Addition of one individual.
The Securities Exchange Board of India vide circular no. SEBI/HO/DDHS/CIR/P/2020/ dated June 08, 2020 has provided Relaxation from compliance with certain provisions of the SEBI (Issue and Listing of Debt Securities) Regulations, 2008, SEBI (Non-Convertible Redeemable Preference Shares) Regulations, 2013 and other SEBI Circulars due to the COVID -19 virus pandemic.
The Securities Exchange Board of India vide circular no. SEBI/HO/CFD/CIR/CFD/DIL/85/2020 dated June 09, 2020 has provided Relaxations from certain provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 in respect of Further Public Offer
The Ministry of Corporate Affairs vide notification dated June 05, 2020 has issued The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2020
The Reserve Bank of India vide notification no. RBI/2019-20/250 FIDD.CO.FSD.BC.No.25/05.02.001/2019-20 dated June 04, 2020 has issued guideline on Interest Subvention (IS) and Prompt Repayment Incentive (PRI) for Short Term Loans for Agriculture including Animal Husbandry, Dairy and Fisheries for extended period on account of Covid-19
The Reserve Bank of India vide notification no. RBI/2019-20/251 DPSS.CO.PD.No.1897/02.14.003/2019-20 dated June 04, 2020 has extended the timeline for compliance with various payment system requirements
The Securities Exchange Board of India vide circular no. SEBI/HO/IMD/DF6/CIR/P/2020/92 dated June 04, 2020 has provided relaxations in compliance with requirements pertaining to AIFs and VCFs
The Reserve Bank of India vide Press Release dated May 22, 2020 has issued a Statement on Development and Regulatory Policies
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