2020-TIOLCORP-NEWS-54 | Friday, March 13, 2020

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CAPITAL MARKET LAWS
  2020-TIOLCORP-08-SAT

Rajesh Ranka VS SEBI

Whether commencing restrained activities indirectly qualify as conducting such activities directly under normal circumstances - YES: SAT

- Appeal dismissed: SAT

2020-TIOLCORP-07-SAT

Transgene Bioteck Ltd Vs SEBI

Whether existence of FIR against a defaulter on the advice of whom GDRs were created & its proceeds were floated to various entities, is no relaxation for involvement in fraudulent scheme - YES: SAT

- Appeal dismissed: SAT
MISCELLANEOUS
  2020-TIOLCORP-11-SC-MISC-LB

UCO Bank Vs National Textile Corporation Ltd

Whether there are issues regarding recovery of dues from private enterprise which was take over by a Public Sector Enterprises, the appropriate forum to settle the commercial dispute will be DRT & not Arbitration - YES: SC Larger Bench

- Appeal partly allowed: SUPREME COURT OF INDIA
HIGH LIGHTS (SISTER PORTAL)
  TIOL

Job worked imported goods and their return - the GST implication

Impact of COVID-19 - Trade in services rapidly weakening: WTO

COVID-19 - Robust screening being done at land check posts also

Cabinet approves 4% hike in DA at cost of Rs 12510 Cr

Cabinet approves Remission of Duties and Taxes on Exported Products Scheme

TOG

Cabinet approves MSP for Copra for 2020 season

CCEA nod for upgradation of 780 km NHs

Govt tables Mineral Laws (Amendment) Bill, 2020

Govt tables bill to revamp governance of major ports

 

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NEWS FLASH
Yes Bank crisis: cabinet approves reconstruction plan; SBI to claim 49% stake; ICICI Bank to invest Rs 1000 cr

Spicejet inks deal with GMR Hyderabad Aviation to set up warehousing, distribution & trading facility

 
CORP BRIEF
Urea units - CCEA okays removal of ambiguities in determination of fixed costs

'Make in India' 2.0 - DIPP coordinating action plans for 15 sectors

CCI finds activities of Bengal Chemist & Drug Association anti-competitive; issues penal directions

Govt ended credit rating of msme to ease access to funding: Gadkari

Govt to formulate new textile policy for holistic development

 
MCA NOTIFICATION
Govt amends Incorporation Rules, 2014; makes changes in e-Form No. INC 28

Companies to disclose filing under IBC, 2016 in Form no. GNL-2 while submitting documents with RoC

 
SEBI CIRCULAR
Amendments to guidelines for rights issue, preferential issue and institutional placement of units by a listed REIT

Amendments to guidelines for rights issue, preferential issue and institutional placement of units by a listed InvIT

 
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