ESIC mandates providing bank account details and mobile number while registering as an insured person
The Employees State Insurance Corporation has ordered to make the mobile number and bank account details of an employee mandatory for registering as an insured person which shall in force from 1st July 2020.
ESIC allows migrant workers to avail medical benefits from their nearest ESI hospital
The Employees State Insurance Corporation has allowed migrant workers across the country, with valid ESI medical benefit entitlement to avail medical care services from ESI hospitals nearest to their hometown.
CBIC notifies the Central Goods and Services Tax (Eighth Amendment) Rules, 2020
A registered person who is required to furnish a Nil return under section 39 in FORM GSTR-3B or a Nil details of outward supplies under section 37 in FORM GSTR-1 for a tax period, any reference to electronic furnishing shall include the furnishing of the said return or the details of outward supplies through a short messaging service using the registered mobile number and the said return or the details of outward supplies shall be verified by a registered mobile number based One Time Password facility.
SEBI notifies Substantial Acquisition of Shares and Takeovers third Amendment Regulations, 2020
In case the acquirer is unable to make payment to the
shareholders who have accepted the open offer within such period, the acquirer shall pay interest for
the period of delay to all such shareholders whose shares have been accepted in the open offer, at the rate of ten per cent per annum.
Provided that in case the delay was not attributable to any act of omission or commission
of the acquirer, or due to the reasons or circumstances beyond the control of acquirer, the Board may grant waiver from the payment of interest.
Provided further that the payment of interest would be without prejudice to the Board
taking any action under regulation 32 of these regulation or under the Act.
SEBI issues Standard Operating Procedure for stock exchanges to deal with defaults by trading/clearing members
The SOP lays down the actions to be initiated by the SEs / CCs / Depositories within a time frame after detection of the early warning signals as laid out in the Circular dated December 17, 2018 and once the TM is declared defaulter, the proceedings shall be in compliance with the bye laws, rules and regulations of SE / CC respectively.
SEBI further extends the due date for regulatory filings and compliance for REIT and InvIT by 1 Month
Due to the continuous lockdown, SEBI has now decided to further extended the due date for regulatory filings and compliances for REIT and InvIT till the period ending March 31, 2020, by one month.
Delhi Goods and Service Tax (Fifth Amendment) Rules, 2019
A person registered under Delhi Goods and Service Rules can surrender enrollment by electronically filing FORM GST PCT-06 through the common portal. The enrollment shall be cancelled by the commissioner by an order in FORM GST PCT-07.
RBI declares Distressed Assets Fund to be Subordinate Debt for Stressed MSMEs
The Reserve Bank of India vide circular dated 1 July, 2020, has allowed banks to consider the funds infused by the promoters in their MSME units through loans availed under the distressed assets fund as equity.
