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Legal Updates
The Securities Exchange Board of India vide circular no. SEBI/HO/FPI&C/CIR/P/2020/104 dated June 23, 2020 has provided Temporary relaxation in processing of documents pertaining to FPIs due to COVID-19.
The Securities Exchange Board of India vide circular no. SEBI/HO/CFD/CMD1/CIR/P/2020/106 dated June 24, 2020 has provided further extension of time for submission of financial results for the quarter/half year/financial year ending 31stMarch 2020 due to the continuing impact of the CoVID-19 pandemic.
The Securities Exchange Board of India vide circular SEBI/HO/CFD/CMD1/CIR/P/2020/109 dated June 25, 2020 has provided further extension of time for submission of Annual Secretarial Compliance Report by listed entities due to the continuing impact of the CoVID-19 pandemic.
The Securities Exchange Board of India vide press release no. 36/2020 dated June 25 has provided relaxations due to COVID-19.
Reserve Bank of India vide notification no. RBI/2019-20/258 DOR (NBFC) (PD) CC. No.112/03.10.001/2019-20 dated June 24, 2020 has issued guidelines Loans Sourced by Banks and NBFCs over Digital Lending Platforms: Adherence to Fair Practices Code and Outsourcing.
The Reserve Bank of India vide press release dated June 17, 2020 has proposed changes in regulations applicable to Housing Finance Companies (HFCs)
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.
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