Finance Minister announces COVID -19 Compliance reliefs
The Finance Minister on 24th March 2020 has announced several reliefs for easing the burden on the citizens of India for complying with the requirement of Income-tax Act, Companies Act, Goods and Service tax laws etc. The Finance Minister clarified that no financial emergency will be declared. The finance ministry is already working an economic package to mitigate the impact of coronavirus on the Indian economy.
Ministry of Health and Family Welfare issues guidelines to Hotels/Lodging facility
Ministry of Health and Family Welfare have issued guidelines for prevention of transmission and disinfection of hotels/lodging facility where suspect/confirmed COVID 19 cases have been housed. The notification seeks to provide interim guidance about the environmental cleaning/ decontamination in hotels/lodging facilities where persons with potential exposure to COVID 19 have housed.
CBDT provides a special procedure for corporate debtors undergoing corporate insolvency resolution process
The Central Board of Indirect Taxes and customs vide its notification dated 21st March 2020 has issued a special procedure for corporate debtors undergoing corporate insolvency resolution process.
The Ministry of Labour has extended the last date for filing Of Unified Annual Return under 8 Labour Laws
The Ministry of Labour and Employment, vide its notification dated 20th March 2020 has extended the last date of filing of Unified Annual Returns under 8 Labour Laws for the year 2019 up to April 30, 2020.
No penalty for non-filing Form “CAR” to confirm Readiness towards COVID-19
The web Form has been deployed as a purely confidence-building measure to assess the readiness of the companies to deal with COVID-19 Threats in India. As such no penalty or enforcement-related action is applicable.
MCA clarifies that spending funds for fighting COVID-19 qualifies as a CSR activity
The Ministry of Corporate Affairs on 23rd March 2020 has announced that the funds utilized by companies on preventive healthcare, sanitation measures, and disaster management to check the spread of the novel coronavirus (Covid-19) will be considered part of the Corporate Social Responsibility (CSR) activity.
Ministry of Health and Family Welfare issues advisory notification to Medical Infrastructures
Ministry of Health and Family Welfare has issued an advisory to Hospitals and Medical Education Institutions in the light of the pandemic COVID 19. The advisory seeks to equip hospitals and educate patients to fight Corona.
Guidelines for COVID-19 testing in private laboratories issued by ICMR
The Indian Council of Medical Research (ICMR) vide notification dated 21st March 2020 has issued guidelines regarding the tests for COVID 19 by private laboratories. Formalities and fee for testing is prescribed in the guidelines.
