MCA publishes the Companies (Auditor’s Report) Order 2020
The Ministry of Corporate Affairs vide Notification dated 25.02.2020 has issued the Companies (Auditor’s Report) Order 2020 in Supersession of Companies (Auditor’s Report) Order 2016. It shall come into force on the date of publication and shall govern the Audits from FY 2019-20 onwards.
SEBI reviews Margin Framework for Cash and Derivatives segments
The Securities and Exchange Board of India vide in its Circular dated 24th February 2020 has reviewed the margin framework for cash and derivatives segments, in order to bring more efficiency in the risk management system. This notification shall be effective from 1st May 2020. Under the margin framework for derivatives, SEBI has reviewed on volatility calculation, scan range on price and volatility, calendar spread charge, minimum charge on short option, extreme loss margin and margin on consolidated crystallized obligation.
CDSCO shall process the application for manufacturing/import of new drugs within 7 working days
The Central Drugs Standard Control Organization(CDSCO) vide its notification dated 20th February 2020 has directed all state drug controllers to give bioavailability-bioequivalence (BA/BE) study approvals for export and also approvals for manufacturing, import of new drugs for test and analysis within seven days under the New Drugs and Clinical Trials Rules, 2019.
Draft Environment (Protection) Amendment Rules, 2020 inserts Additional parameters for water standards
The Ministry of Environment, Forest and Climate Change vide its notification dated 17th February 2020 has issued the Draft Environment (Protection) Amendment Rules, 2020. Amendments is brought to Schedule-l which specifies the standards for emission or discharge of environmental pollutants.
The Indian Boiler Regulations, 1950 shall now be applicable to the state of Jammu and Kashmir
Applicability of Indian Boiler Regulations, 1950 extended to the State of Jammu and Kashmir.
