The Reserve Bank of India vide press release dated August 18, 2020 has released framework for authorisation of pan-India Umbrella Entity for Retail Payments.

The Ministry of Corporate Affairs vide general circular 28/2020 dated August 18, 2020 has provided Clarification on Extension of Annual General Meeting (AGM) for the financial year ended as at 31.03.2020- Companies Act, 2013.

The Ministry of Finance vide Income Tax notification no. 61/2020, dated 13-08- 2020 have provided Securities Contracts (Regulation) (Second Amendment) Rules, 2020.

The Insolvency and Bankruptcy Board of India vide press release no. IBBI/PR/2020/10 dated August 07, 2020 has amended the Insolvency and Bankruptcy Board of India amends the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.

The Reserve Bank of India vide notification no. RBI/2020-21/24 DoR (NBFC) (PD) CC. No.117/03.10.001/2020-21 dated August 13, 2020 has revised the guidelines for Core Investment Companies.

The Reserve Bank of India vide notification no. RBI/2020-21/21 DPSS.CO.PD No.116/02.12.004/2020 dated August 06, 2020 has provided Online Dispute Resolution (ODR) System for Digital Payments.

The Ministry of Finance vide notification NO. G.S.R. 485(E) [F.NO. 5/35/CM/2006 VOLUME- III], dated 31-7-2020 have provided Securities Contracts (Regulation) (Second Amendment) Rules, 2020.

The Insolvency and Bankruptcy Board of India vide press release no. IBBI/PR/2020/09 dated August 05, 2020 has amended the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017.

The Reserve Bank of India vide notification no. RBI/2020-21/16 DOR.No.BP.BC/3/21.04.048/2020-21 dated August 06, 2020 has provided Resolution Framework for COVID-19-related Stress.

The Securities Exchange Board of India vide circular no. SEBI/HO/CFD/DCR2/CIR/P/2020/139 dated July 27, 2020 has provided relaxations relating to procedural matters –Takeovers and Buy-back.