Relaxation from compliance with certain SEBI Circulars due to the CoVID -19 virus pandemic
In order to enable issuers who intend/propose to list their NCD/NCRPS/CPs, the timeline for issue is extended to May 31, 2020. Further extensions are given to compliances under SEBI (LODR) Regulation 2015 and for issuers of Municipal Debt Securities.
Guidelines on Clinical Management of Covid-19
The Ministry of Health and Family Welfare through the Directorate General of Health Services has issued a notification on March 17, 2020 providing the guidelines for clinical management of COVID-19. The guidelines seeks to ensure that all patients with COVID-19 are recognized and efficiently dealt with at the first point of contact with the health care system.
Maharashtra Government exempts payment of late fee under the Maharashtra State Tax on professions, Trades, callings and Employment Acts, 1975
The State Government of Maharashtra in its notification dated 19th March 2020, has exempted the late fee payable by the registered employers in respect of monthly or annual returns pertaining to periods up to March 2019, due to technical difficulties faced by the taxpayers, subject to the fulfillment of eligibility conditions.
The Ministry of Environment Notifies Solid Waste Management (Amendment) Rules, 2020
The Ministry of Environmental, Forest and climate change vide its notification dated 19th March 2020 has published the Solid Waste Management (Amendment) Rules, 2020. The Local Authorities are directed to collect and transport bio-degradable, non-bio-degradable and domestic hazardous waste from households to the respective processing facility.
MCA Specifies time-frame for filing declaration to central government in Form NDH-4
The Ministry of Corporate Affairs on 19th March 2020 has provided the time frame for Nidhi companies to apply to the Central Government for updation and declaration of Nidhi company status in Form NDH-4. In case of failure to comply with the time frame, In case of failure to comply with the above requirements, a company shall not be allowed to file Form No. SH–7 (Notice to Registrar for any alteration of share capital) and Form PAS–3 (Return of Allotment).
Ministry of Finance notifies Direct Tax Vivad se Vishwas Rules & Forms
The Direct Tax Vivad se Vishwas Rules, 2020 gives taxpayers an opportunity to settle their disputes by paying due taxes with complete waiver of interest and penalty until March 31. It would also allow dispute settlement with some additional payment till July 31.
Guidelines for the management of Factories/ Establishments in Haryana
Government of Haryana has issued an order dated 17.03.2020 specifying the guidelines for the management of Factories/ Establishments in the state in the context of outbreak of Corona Virus Disease (COVID-19).
One time extension to file ESI contribution for the quarter April-September, 2019
The Employee State Insurance Corporation(“ESIC”) has issued a Notification dated March 18, 2020, providing a one-time relaxation of 42 days to those employers who did not file the ESI contribution for the period April, 2019 to September, 2019.
