SEBI issues relaxation in holding AGM by top 100 listed entities under LODR Regulation
SEBI has also relaxed regulation 44(5) of LODR whereby the top 100 listed entities by market capitalization whose financial year ended on December 31, 2019, may hold their AGM within a period of 9 months from the closure of the financial year that is by September 30, 2020.
State governments of Tamil Nadu has permitted infrastructure works to resume, with state-specific conditions
The Revenue and Disaster Management Department of Tamil Nadu vide its order dated 23rd April 2020 has relaxed certain basic infrastructure maintenance activities in rural areas and non-containment zones which includes MGNREGA and construction projects.
Foreign Exchange Management (Non-debt Instruments) Rules Amended to prevent opportunistic takeover of domestic firms
The Foreign Exchange Management (Non-debt Instruments) Amendment Rules, 2020 in which it has made it mandatory that foreign investments from countries that share a land border with India to obtain prior approval from the government to prevent opportunistic takeover of domestic firms amid COVID-19 pandemic.
State Government of Tamil Nadu exempts certain activities, services from COVID-19 lockdown
The Revenue and Disaster Management Department of Tamil Nadu in its order dated 23rd April 2020 has decided to relax the restrictions for certain activities and services within the state.
FSSAI has eased certain norms to ensure uninterrupted food supply
The Food Safety and Standards Authority of India in its press release dated 23rd April 2020 has declare the steps taken to ensure uninterrupted food services/supply as well as industry facilitation during the lockdown period.
