MEITY amends the Second Schedule of the IT Act, 2000
This notification has inserted a new provision on e- authentication technique and procedure for creating and assessing subscriber’s signature key facilitated by trusted third-party. The provision specifies the responsibilities of the trusted third party, for example, facilitation of identity verification of the Digital Signature Certificate applicant, facilitation of key pair-generation, secure storage of subscriber’s signature key, etc. This new provision will now be in addition to the existing provision on e- authentication technique through Aadhaar and other e- KYC services.
SEBI publishes an additional framework for the issuance, listing and trading of PNCPS and IPDIs
This additional framework states that the Perpetual Non- Cumulative Preference Shares (PNCPS) and Innovative Perpetual Debt Instruments (IPDIs) must mandatorily be issued on the Electronic Book Provider (EBP) platform. Furthermore it also specifies the type of permitted investors (only Qualified Institutional Buyers), the allotment size (min. of Rs. crore), trading lot size (min. of Rs.1 crore) and other specified requirements, such as disclosures mentioned in Annex I and provisions of circulars specified in Annex II of the present Circular.
The Petroleum and Natural Gas Regulatory Board (Levy of Fee and Other Charges) Second Amendment Regulations, 2020
The Board has amended the Application fee for seeking authorization or renewal of authorization and annual other charges for a Gas Exchange with Clearing Corporation, a Gas Exchange without Clearing Corporation or for a Clearing Corporation.
CBIC extends the Rebate of State and Central Taxes and Levies scheme from 30th march 2020 to 30th March 2021.
The export of goods under the RoSCTL scheme where the order permitting clearance and loading of goods for exportation has been made on or after the 7th March 2019 and till 31st March 2021 or until such date the RoSCTL scheme is merged with the Remission of Duties and Taxes on Exported Products scheme, whichever is earlier.
DGFT removes the restriction on export of N-95 mask.
The export policy of N95/FFP-2 masks or its equivalent is amended from “Restricted” to “Free” category making all types of masks freely exportable.
Government of Maharashtra issues COVID Compliance SOPs for Restaurants.
Hotels/Food courts/restaurants and bars will be allowed to operate from October 05, 2020 and the capacity shall not exceed 50%.
The government of Telangana notifies revised minimum wages for industrial workers.
The average State Industrial workers Consumer Price Index number for the half year ending June 2020, is fixed as 1501 CPI points and 1151 points for agricultural workers which is applicable w.e.f 1st October 2020 to 31st March 2021.
