Ministry of Finance amends norms on transfer of equity instrument of an Indian company by an FPI
The norms on Transfer of equity instruments of an Indian company by FPI has been amended under Foreign Exchange Management (Non-debt Instruments) (Amendment) Rules, 2019.
RBI tightens norms for acquisition of financial assets by Asset Reconstruction Companies
RBI restricts asset reconstruction companies from buying assets of a bank or a financial institution which lends to, subscribes for fund raised by, sponsors or belongs to same group of the ARC.
MOEFC has brought in new standards of emission for iron and steel plant
The Draft Environment (Protection) Amendment Rules, 2019 has brought changes under Schedule 1 relating to standards for emission or discharge of environmental pollutants. The standards of emission for iron and steel plant has been substituted with new standards.
FSSAI have published a Notification dated 9th December 2019 removing the Total soluble solid parameters to reduce sugar formulations.
The FSSAI have published a Notification dated 9th December 2019 removing the Total soluble solid parameters in the Food Safety and Standards ( Food Products Standards and food Additives), Regulations to reduce sugar formulations.