The Central Government constitutes another Bench of the National Company Law Appellate Tribunal at Chennai under section 410 of the Companies Act, 2013.
CBDT·13 Mar 2020·Notification·Notification No. 17/2020
Eligible Foreign Investor Status as Foreign Institutional Investor in IFSC
The Central Government specifies that a non-resident Eligible Foreign Investor acts as a Foreign Institutional Investor for securities transactions on a recognised stock exchange…
Companies Registration Offices and Fees Second Amendment Rules 2020
The Central Government amends the Companies (Registration Offices and Fees) Rules, 2014 to include filing under the Insolvency and Bankruptcy Code, 2016 in Form GNL-2.
The Central Government appoints Justice (Retd.) Shri Bansi Lal Bhat as the officiating Chairperson of the National Company Law Appellate Tribunal.
IRDAI·09 Mar 2020·Circular·IRDAI/LIFE/CIR/MISC/060/03/2020
Clarifications and Modifications to Master Circular on Point of Sales Products and Persons - Life Insurance
The Insurance Regulatory and Development Authority of India issues clarifications and modifications to the Master Circular on Point of Sales Products and Persons - Life Insurance.
Amendment of Insurance Web Aggregator Regulations, 2017
IRDAI·05 Mar 2020·Circular·IRDAI/NL/Cir/MISC/ 058 /03/2020
Guidance on Insurance Claims Arising in North East Delhi Riots
All general, life, and health insurance companies must act immediately for fair and speedy settlement of claims arising from the riots in North East Delhi.
CBDT·05 Mar 2020·Notification·Notification No. 15/2020 / F.No. 370142/5/2020-TPL
Income-tax (7th Amendment) Rules, 2020 for Rule 17C
The Central Board of Direct Taxes amends the Income-tax Rules, 1962 by adding a new investment category under rule 17C.
CBDT·05 Mar 2020·Notification·Notification No. 16/2020
Notification of Specified Securities for Section 47(viiab)
The Central Government notifies specific securities for the purposes of sub-clause (d) of clause (viiab) of section 47 of the Income-tax Act, 1961.
RBI·04 Mar 2020·Notification·FEMA 14(R)/(2)/2020-RB
Foreign Exchange Management Manner of Receipt and Payment Second Amendment Regulations 2020
The Reserve Bank of India amends the Foreign Exchange Management Manner of Receipt and Payment Regulations 2016 to expand currency options for transactions under the Asian…
IRDAI·04 Mar 2020·Circular·IRDAI/HLT/REG/CIR/054/03/2020
Guidelines on handling of claims reported under Corona Virus
Insurers process corona virus disease claims expeditiously when policies cover hospitalization expenses.
IRDAI·04 Mar 2020·Circular·IRDAI/HLT/REG/CIR/055/03/2020
Modifications Guidelines on Standard Individual Health Insurance Product
Insurers may issue the policy contract of Arogya Sanjeevani Policy in electronic or digital format to reduce operational costs and offer affordable premiums.
CBDT·04 Mar 2020·Notification·Notification No. 14/2020 F.No.503/02/2012-FTD-II
India-Brunei Tax Information Exchange Agreement
The Central Government notifies that all provisions of the agreement between India and Brunei Darussalam for the exchange of information and assistance in tax collection have…
CBIC-GST·02 Mar 2020·Notification·Notification No. 08/2020 – Central Tax
CGST Rules Amendment for Lottery Value
The Central Government amends the Central Goods and Services Tax Rules, 2017 to set a new valuation rule for the supply of lottery.
IFSCA·28 Feb 2020·Circular·SEBI/HO/IMD/DF1/CIR/P/2020/185
Operating Guidelines Amendments for Investment Advisers in IFSC
The Securities and Exchange Board of India amends operating guidelines for investment advisers in the International Financial Services Centre.
IFSCA·27 Feb 2020·Circular·SEBI/HO/MRD1/DSAP/CIR/P/2020/30
SEBI IFSC Guidelines 2015 Amendments for Intermediaries and Debt Reporting
The Securities and Exchange Board of India amends the SEBI International Financial Services Centres Guidelines 2015.
Designation of Special Courts for Income-tax and Black Money Acts in Punjab, Haryana, and Chandigarh
The Central Government designates specific courts as Special Court for the Income-tax Act, 1961 and the Black Money Act, 2015.
DPIIT·21 Feb 2020·Press note·Press Note No. 1 (2020 Series)
Review of Foreign Direct Investment Policy in Insurance Sector
The Government of India amends the Consolidated FDI Policy of 2017 to set the foreign direct investment limit for insurance intermediaries at 100 percent under the automatic route.
PFRDA·19 Feb 2020·Circular·PFRDA/2020/25/SUP- CRA/4
Online Contribution Facility For NPS Lite Subscribers
NSDL-CRA enables an online contribution facility named e-NPS lite for NPS Lite subscribers to make digital payments.
