MoEF issues guideline document on Uniform Framework for Extended Producers Responsibility
The comments and suggestions about the guideline document on Uniform Framework for Extended Producers Responsibility may be sent at ad.raju@nic.in or gupta.dharmendra@gov.in on or before 31st July 2020.
FSSAI operationalize the provisions related to alcohol-free bar and use of certain food color in distilled spirituous beverages
it has been decided to operationalise the provisions related to alcohol-free bar from Food Safety and Standards( Alcoholic Beverages) Amendment Regulations, 2020 and provision regarding use of certain food color in distilled spirituous beverages from Food Safety and Standards( Food Product Standards and Food Additive) Amendment Regulation, 2020 with immediate effect.
SEBI grants temporary relaxation in the processing of documents pertaining to FPIs due to COVID-19
The Securities and Exchange Board of India vide its circular dated 23rd June 2020 has extended the temporary relaxation granted in processing of documents pertaining to Foreign Portfolio Investors (FPIs) till 31 August, 2020.
SEBI introduces an operational framework for transactions in defaulted debt securities
As per existing practice, the Stock Exchanges suspend trading/reporting of trades on debt securities before the redemption date. Further, Depositories impose a restriction on off-market transfers on redemption date that restricts transfers on and after the redemption date. It has been proposed to allow these restrictions to be lifted on defaulted debt securities.
SEBI grants relaxation for listed companies having stressed assets
SEBI has decided to relax the pricing methodology for preferential issues by listed companies having stressed assets and exempt allottees of preferential issues from open offer obligations in such cases, with immediate effect.
Punjab cabinet approves Punjab Right to Business Rules, 2020 Fast Track issue of approvals for Setting Up MSME Units
Sanctions and approvals for setting up MSMEs in Punjab pertaining to building plan, completion certificate, trade licence registration, land-use change, factory building plan (except for industries involving hazardous process), as well as registration of shops or establishments, will be granted by the district-level nodal agency within 15 days.
CBIC issues clarification on GST Refund Issues
The CBIC has issued a clarification allowing refund of accumulated ITC in respect of invoices whose details aren’t reflected in the FORM GSTR-2A of the applicant.
IRDAI issues guidelines on short term health insurance policies providing coverage for COVID-19 disease
Life, General and Health Insurers are allowed to offer COVID–19 specific short term health insurance policies based on guidelines for a term between 3-11 years.
