2020-TIOLCORP-NEWS-79 | Friday, April 17, 2020

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Register for Webinar on April 21, 2020 on Contractural and Tax Issues arising due to COVID-19 Pandemic
 
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MISCELLANEOUS
2020-TIOLCORP-48-HC-MUM-MISC

Nagpur District Central Cooperative Bank Ltd Vs UoI

Whether if Tribunal is not competent to decided case on merits in recovery proceeding then Court Fees submitted should be refunded as person concerned have to deposit requisite Court Fee before competent Forum - YES: HC

- Order passed in favour of petitioner: BOMBAY HIGH COURT

2020-TIOLCORP-47-HC-DEL-MISC

Morgan Securities And Credits Pvt Ltd Vs Videocon Industries Ltd

Whether granting interest at a particular rate for different periods by the Sole Arbitrator is patently illegal or perverse - NO : HC

- Appeal dismissed: DELHI HIGH COURT

 
HIGH LIGHTS (SISTER PORTAL)
 

TIOL

Govt grants 4-month rental waiver to STPI units

Exemption from lockdown - MHA notifies more sectors like NBFCs

Migrant Labourers - CabSec writes to States to ensure food & safety

Electronics Compulsory Registration Order issued under BIS Act - Ambiguities and Concerns

Has ISD lost its relevance?

TOG

MHA exempts certain activities from lockdown curbs

 

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NEWS FLASH
SEBI to monitor FPIs from China to curb Chinese investment in blue chip stocks at cheap rates

Govt lifts restrictions placed on export of formulations made from paracetamol; curbs on API to continue

Banks can’t count 3 months lockdown period for NPA classification: RBI

Google announces waiver of ad serving fees for news publishers for five months

Govt tells Airlines to refund fares of cancelled tickets booked during lockdown 1.0

 
CORP BRIEF
Lockdown: FCI moved double of average food grains across India  
SEBI CIRCULAR
Additional relaxations / clarifications in relation to compliance with certain provisions of SEBI Regulations, 2015 (‘LODR') due to the COVID - 19 pandemic

Relaxation in time period for certain activities carried out by depository participants, RTAs / issuers, KRAs, stock brokers

Relaxation in timelines for compliance with regulatory requirements by trading members / clearing members

 
PMLA NOTIFICATION
Govt amends PMLA (Maintenance of Records) Rules, 2005  
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