2020-TIOLCORP-NEWS-64 | Friday, March 27, 2020

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COMPANIES LAW
2020-TIOLCORP-39-NCLAT

Shri Madan Lal Food Products Pvt Ltd Vs UoI

Whether even if the company has not filed financial statements and returns since 2006 onwards, its name cannot be struke off from records of ROC if due to personal difficulties of the Directors, they could not start business - YES: NCLAT

- Appeal allowed: NCALT

 
CAPITAL MARKET LAWS
  2020-TIOLCORP-13-SAT

Shruti Vora Vs SEBI

Whether the AO is obligated under the SEBI Act & the SEBI (Procedure for Holding Inquiry and Imposing Penalties by Adjudicating Officer) Rules, 1995, to provide all the documents for inspection to the accused even if such documents are not being relied upon - NO: SAT

- Appeal dismissed: SAT

HIGH LIGHTS (SISTER PORTAL)
  TIOL

RBI asks banks to grant 90-day moratorium on EMIs against all types of loans

Govt seeks inputs on recall of old vehicles

Fate of CENVAT Credit not carried forward under GST regime

TOG

RBI reduces repo rate; 3-month moratorium on all loans

Navy readies field nursing teams; quarantine facilities

COVID - 19 - Goyal helms meet with e-commerce & logistics captains

 

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NEWS FLASH

RBI Governor: India's economy stronger than aftermath of 2008-09 global recession

FICCI President: RBI rate cuts will help liquidity; much needed oxygen for gasping industry

Amalgamation of 10 public sector banks to take effect from April 01 despite lockdown

Karnataka High Court stays all Banks from conducting auction

RBI allows banks to defer EMI on loans by 3 months

RBI reduces repo rate by 75 basis points to 4.40%

Marginal Standing Facility stands reduced from 5.40% to 4.65%

 
CORP BRIEF
Rail minister assures e-commerce sites of robust supply chain

RBI pumps in Rs 3.74 lakh crore to buoy up liquidity

PM asks G20 to design action plan to deal with COVID-19

FICCI looks forward to package for Corporate India

N-95 mask - Govt sets up control room to monitor production

DPIIT to track movement of essential goods in lockdown period

 
SEBI CIRCULAR
Relaxation from compliance with certain provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 due to the COVID-19 pandemic

Further relaxations from compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR)

 
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