2020-TIOLCORP-NEWS-77 | Wednesday, April 15, 2020

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COMPANIES LAW
2020-TIOLCORP-20-HC-MUM-CA

Satish Kumar Gupta Vs UoI

Whether section 167(1)(a) envisage vacation of office of a director u/s 164(2) - YES : HC

Whether when disqualification is incurred u/s 164(2), director can continue to work till end of present term of office - NO : HC

- Application for interim reliefs dismissed: BOMBAY HIGH COURT

 
MISCELLANEOUS
2020-TIOLCORP-43-HC-CHHATTISGARH-MISC

Chhattisgarh Aviation Academy Vs Punjab National Bank

Whether notice issued u/s 13(2) by bank seeking delivery of possession of aircrafts is not valid as there is specific bar u/s 31(c) for taking possession of aircrafts - YES: HC

- Order passed in favour of petitioner: CHHATTISGARH HIGH COURT

 
HIGH LIGHTS (SISTER PORTAL)
 

TIOL

Govt issues order partially opening up economy; SEZs, transportation of all goods allowed

DRDO develops COVID sample collection kiosk

Amendment of Export Turnover for ITC Refund - Cure seems more dangerous

Transitional credit - Insights in to the latest developments and way forward

Import of newly notified medical devices - opening of Pandora's box?

TOG

CAT to decide resumption of work on Apr 20

COVID-19 - MHA issues fresh guidelines

Railways plans to produce over 30,000 coveralls in April & 1 lakh in May

 

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NEWS FLASH
Hindalco completes acquisition of Aleris Corporation via its subsidiary Novelis Inc for $2.8 bn

Agro activities, Rural road/building construction, MNREGA activities, Manufacturing activities across sectors allowed

Coal, mineral, oil production allowed under permitted activities

ITeS, Data & call centres for Government activities under permitted activities

Temperature screening & sanitizers at workplace made compulsory

Employers across sectors asked to promote use of Arogya Setu

Employers to ensure transport of employees during lockdown

SpiceJet flies freighter flights to China to bring medical supplies

Standard Chartered bans use of Zoom video app due to cyber security concerns

GSK, Sanofi join hands to develop Covid-19 vaccine

 
CORP BRIEF
ESIC further extends period for filing ESI contribution

MCA seeks inputs to setup National Institute of Valuers

 
SEBI CIRCULAR
SEBI Notification on COVID-19 Various guidelines have been issued by Govt of India & State/Union Territory  
PMLA NOTIFICATION
Govt amend Prevention of Money-laundering (Maintenance of Records) Rules, 2005  
MCA REPORT
MCA Report of Committee of Expert for Valuation Bill, 2020  
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