Daily Archives: March 4, 2020

New Exemptions to Government Companies | Companies Act 2013

By | March 4, 2020

Exemptions to Government Companies under section 462 of the Companies Act 2013 vide notification dated 02.03.2020. GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 02 March, 2020 G.S.R. ___  (E). – In exercise of the powers conferred by clauses (a) and (b) of sub‑section (1) and in pursuance of sub-section (2) of… Read More »

Airlines Allowed to permit use of Mobile and Internet in Aircraft

By | March 4, 2020

MINISTRY OF CIVIL AVIATION NOTIFICATION New Delhi, the 21st February, 2020 G.S.R. 142(E).—Whereas, the draft of certain rules further to amend the Aircraft Rules, 1937, was published in the Gazette of India, Extraordinary, as required by section 14 of the Aircraft Act, 1934 (22 of 1934), vide notification of the Government of India in the… Read More »

Govt removes prohibition on export of Onions WEF 15.03.2020

By | March 4, 2020

The Export of all varieties of Onions, as described above, has been made ‘Free’ without’ any condition of Letter of Credit (LC) and Minimum Export Price (MEP), with effect from 15th March, 2020. Accordingly, the Notification No. 46/2015-20 related to export of Krishnapuram Onions also stands withdrawn with effect from 15th March, 2020. Government of India Ministry… Read More »

DGFT requests Urad license holders to complete their import by 30.04.2020

By | March 4, 2020

All license holders for Urad are requested by DGFT to complete their import by 30.04.2020. No request for further extension will be entertained by DGFT. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Notice No. 54/2019-20 New Delhi, Dated 3rd March, 2020 To RA’s of DGFT Customs Commissionerates… Read More »

SEBI (Infrastructure Investment Trusts) (Amendment) Regulations, 2020

By | March 4, 2020

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 02nd March, 2020 SECURITIES AND EXCHANGE BOARD OF INDIA (INFRASTRUCTURE INVESTMENT TRUSTS) (AMENDMENT) REGULATIONS, 2020 No. SEBI/LAD-NRO/GN/2020/05─ In exercise of the powers conferred under section 30 read with sections 11 and 12 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby… Read More »

SEBI (Real Estate Investment Trusts) (Amendment) Regulations, 2020

By | March 4, 2020

PUBLISHED BY AUTHORITY SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 02nd March, 2020 SECURITIES AND EXCHANGE BOARD OF INDIA (REAL ESTATE INVESTMENT TRUSTS) (AMENDMENT) REGULATIONS, 2020 No. SEBI/LAD-NRO/GN/2020/06─ In exercise of the powers conferred under section 30 read with sections 11 and 12 of the Securities and Exchange Board of India Act, 1992 (15… Read More »

Existing recognized entities in IFSC can apply for IA registration without forming separate company or LLP

By | March 4, 2020

Securities and Exchange Board of India CIRCULAR SEBI/HO/IMD/DF1/CIR/P/2020/31 February 28, 2020 All Investment Advisers Sir / Madam Subject: Operating Guidelines for Investment Advisers in International Financial Services Centre (IFSC) – Clarifications 1. SEBI, vide circular SEBI/HO/IMD/DF1/CIR/P/2020/04 dated January 9, 2020 issued Operating Guidelines for Investment Advisers in International Financial Services Centre. 2. Based on the representation received… Read More »

Norms of Regaining Matched Book for Commodity Derivatives Segment revised

By | March 4, 2020

Securities and Exchange Board of India CIRCULAR SEBI/HO/CDMRD/DRMP/CIR/P/2020/32 March 03, 2020 To, The Managing Directors / Chief Executive Officers, All Clearing Corporations having Commodity Derivatives Segment Sir / Madam, Sub: Review of Norms regarding Regaining Matched Book for Commodity Derivatives Segment 1. SEBI vide Circular SEBI/HO/CDMRD/DRMP/CIR/P/2016/77 dated September 01, 2016, inter alia, prescribed norms to… Read More »

MCA clarifies on prosecutions for defaults committed by a company

By | March 4, 2020

General Circular No. 1/2020 F.No. 16/1/2020- Legal Government of India Ministry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhawan, Dr. R.P. Road, New Delhi Dated: 2nd March, 2020 To, All Regional Directors, All Registrars of Companies, All Official Liquidators. Subject: Clarification on prosecutions filed or internal adjudication proceedings initiated against Independent Directors, non- promoters and… Read More »