MCA issues clarification on the mode of issue of notice by listed entities
The rights issues opening up to 31st July 2020, in case of listed companies, the inability to dispatch the notice to their shareholders through registered post or speed post or courier would not be viewed as a violation.
MHA directs states to ensure smooth functioning of private clinics and nursing homes
The Ministry of Home Affairs has issued a circular dated 11.05.2020 to direct states to ensure smooth functioning of private clinics and nursing homes. It has been reported that in many areas the private clinics and nursing homes are not allowed to function.
The Government of Karnataka Energy Secretariat provides relief to consumers of electricity
The Government of Karnataka Energy Secretariat vide order dated 08.05.2020 has provided reliefs to MSME’s, other industries and individual consumers of electricity for the months April, May & June 2020.
CBDT decided that the new procedure-related to companies shall be implement after 1st October, 2020
The entities approved/ registered/ notified under section 10(23C), 12AA, 35 and 80G of the Income-tax Act, 1961 (the Act) would be required to file intimation within three months from 1st October, 2020, i.e, by 31st December, 2020.
Labour reforms sought before Ministry of Labour to restart the economy after lockdown due to COVID-19
The industry bodies requested to the Ministry of Labour and Employment a slew of measures and sought ‘relaxations’ such as increasing working hours to 12 hours per day from the existing 8 hours per day and sought relaxation of the provisions of the Industrial Disputes Act to treat the lockdown period as lay-off.
Insurance regulator extends grace period for life insurance policies.
The Insurance Regulatory and Development Authority of India in its press release dated 9th May 2020, has allowed extended grace period up to May 31 for all life insurance policies whose premium was due in March keeping in view the difficulty faced by some policyholders to renew the policies in time.
NDMA issues guidelines for restarting manufacturing industries post lockdown
National Disaster Management Authority (NDMA) on 9th May has issued fresh guidelines for re-starting manufacturing industries post-lockdown and the precautions to be taken for the safety of the plants as well as the workers.
The government of Tamil Nadu eases lockdown restrictions for private offices & shops from 11th May
Standalone and neighborhood shops will remain open from 10.30 am to 6 pm in Chennai, and 10 am to 7 pm in the rest of the state and all tea shops, except those in containment zones, can sell takeaway parcels from 6 am to 7 pm.tandalone and neighborhood shops will remain open from 10.30 am to 6 pm in Chennai, and 10 am to 7 pm in the rest of the state and all tea shops, except those in containment zones, can sell takeaway parcels from 6 am to 7 pm.
MOHFW revises discharge policy of Covid 19 cases based on symptom or time based strategy
Ministry of Health and Family Welfare has published a revised discharge policy for COVID-19 cases on 8th May, 2020. The revised discharge policy is aligned with the guidelines on the 3 tier COVID facilities and the categorization of the patients based on clinical severity.
The government of Uttar Pradesh exempts industries from almost all Labour Laws for 3 years
The State Government of Uttar Pradesh has exempted all establishments, Industries, and businesses from the scope of all but four labor laws for the next three years:
The Building and Other Construction Workers Act, Section 5 of Payment of Wages Act, Workmen Compensation Act, Bonded Labour Act.
