2020-TIOLCORP-NEWS-62 | Wednesday, March 25, 2020

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COMPANIES LAW
  2020-TIOLCORP-15-HC-DEL-CA

Marwah Overseas Pvt Ltd

Whether petition for voluntary winding up can be allowed considering compliance of entire process of winding up with all statutory conditions and NOCs from relevant authorities and declaration of solvency - YES: HC

- Petition Allowed: DELHI HIGH COURT

CAPITAL MARKET LAWS
2020-TIOLCORP-11-SAT

Pooja Vinay Jain Vs SEBI

Whether for want of any prejudice, proceedings under PFUTP Regulations cannot be quashed simply on ground of delay in launching the same - YES: SAT

- Appeal dismissed: SAT

 
HIGH LIGHTS (SISTER PORTAL)
  TIOL

Govt prohibits export of ventilators & sanitizers

COVID-19 - 21 days 'exile' & Rs 15K Cr for medical devices: PM

GST - Refund related amendments

MPLADS funds may be utilized for COVID-19: Govt

Railways working 24/7 for supply of essential goods

TOG

Govt directs utilising MPLADS funds to combat COVID-19

Fin Min rolls out economic relief package amidst COVID-19 havoc

States asked to use Cess fund for Welfare of Construction Workers

IGNOU extends Online submission of examination Form

 

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NEWS FLASH
Sameer Aggarwal elevated to Walmart India CEO

Youtube reduces video quality globally to ease internet traffic

China restarts its production units, flights as rest of world goes under lockdown

Ashok Leyland acquires 3.62% stake in Hinduja Leyland Finance Ltd; hikes controlling interest to 65.45%

SC retrospectively extends limitation period for filing petitions/applications/suits/ appeals/all other proceedings w.e.f March 15,2020 till further notice

 
CORP BRIEF
ARCI develops tech to improve fuel efficiency of automobile engines  
MCA CIRCULAR
Special Measures under Companies Act, 2013 (CA-2013) and Limited Liability Partnership Act, 2008 in view of COVID-19 outbreak  
MCA ORDER
Govt extends applicabiliy of Companies(Auditor's Report) Order, 2020 to FY 2020-21  
MCA NOTIFICATION
Govt notifies Rs 1 cr as new default threshold under IBC  
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