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Legal Updates
The Ministry of Corporate Affairs vide general circular no. 29/2020 dated September 10, 2020 has provided relaxation of additional fees and extension of last date of filing of CRA-4 (form for filing of cost audit report) for FY 2019-20 under the Companies Act, 2013 – reg.
The Securities Exchange Board of India vide circular SEBI/HO/FPI&C/CIR/P/2020/162 dated August 31, 2020 has provided Temporary relaxation in processing of documents pertaining to FPIs due to COVID-19.
The Securities Exchange Board of India vide circular SEBI/HO/CFD/DCR-2/CIR/P/2020/164 dated August 02, 2020 has provided Disclosures on Margin obligations given by way of Pledge/ Re-pledge in the Depository System.
The Reserve Bank of India vide Master Direction RBI/FIDD/2020-21/72 Master Directions FIDD.CO.Plan.BC.5/04.09.01/2020-21 dated September 04, 2020 has issued Master Direction on Priority Lending (PSL) – Targets and Clarifications.
The Securities Exchange Board of India vide circular SEBI/HO/MRD1/DSAP/CIR/P/2020/155 dated August 21, 2020 has amended Securities and Exchange Board of India (International Financial Services Centres) Guidelines, 2015.
The Reserve Bank of India vide notification RBI/2020-21/27 DoS.CO.PPG.BC.1/11.01.005/2020-21 dated August 21, 2020 has provided renewal of Credit facilities.
The Reserve Bank of India vide notification RBI/2020-21/28 DoR (PCB).BPD.Cir.No.2/12.05.001/2020-21 dated August 26, 2020 has extended submission of returns under Section 31 of the Banking Regulation Act, 1949 (AACS).
The Reserve Bank of India vide notification RBI/2020-2021/26 FIDD.MSME & NFS.BC.No.4/06.02.31/2020-21 dated August 21, 2020 has issued clarification on new Definition of Micro, Small and Medium Enterprises.
The Ministry of Corporate Affairs vide notification dated August 24, 2020 has amended the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2020.
The Securities Exchange Board of India vide circular no. SEBI/HO/MRD2/DDAP/CIR/P/2020/153 dated August 18, 2020 has provided Corrigendum to Master Circular for Depositories dated October 25, 2019 on preservation of records.
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