MCA issues a Notification regarding the Companies (Indian Accounting Standards) Amendment Rules, 2020
RBI issues a Notification regarding the Implementation of Indian Accounting Standards
IRDAI issues a Circular regarding the Extension of timelines to comply with the Standards and Benchmarks for the Hospitals in the Provider Network
IRDAI issues a Press Release regarding the Aarogya Sanjeevani Policy
IRDAI issues a Circular regarding Filing of Arogya Sanjeevani Policy as group health insurance product
SEBI issues a Circular regarding the Relaxations relating to procedural matters of Issues and Listing
SEBI issues a Circular regarding the Recording of all types of Encumbrances in Depository system
BSE issues a Circular regarding the Relaxations relating to procedural matters of Issues and Listing
BSE issues a Circular regarding the Allowing Offer for Sale (OFS) and Rights Entitlements (RE) transactions during trading window closure period
BSE issues a Circular regarding the Reporting to Stock Exchanges regarding violations under SEBI (Prohibition of Insider Trading) Regulations, 2015 relating to the Code of Conduct
CBDT issues a Notification regarding the Sovereign Wealth Fund under section 10 (23FE) of the Income-tax Act, 1961
CBDT issues a Notification regarding the Income-tax (17th Amendment) Rules, 2020
CBIC issues an Instruction regarding the prohibition on selling of health supplement containing PABA [Para Amino Benzoic Acid]
Brief Details | The Central Board of Indirect Taxes has issued an Instruction regarding the Probition on selling of health supplement containing PABA as it is a banned ingredient. |
Change Type | Instruction |
State | Central |
Effective Date | 24-July-2020 |
Source | https://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-instructions/cs-instructions-2020/cs-ins-16-2020.pdf |
CBIC issues an Instruction regarding the Mandatory testing and certification of Telecommunication Equipment
Brief Details | The Central Board of Indirect Taxes has issued an Instruction regarding the Mandatory testing and certification of Telecommunication Equipment w.e.f. 1st October, 2020. |
Change Type | Instruction |
State | Central |
Effective Date | 24-July-2020 |
Source | https://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-instructions/cs-instructions-2020/cs-ins-15-2020.pdf |
FSSAI issues a Circular regarding the Extension of timeline for compliance of commercial feeds intended for meat and milk producing animals with relevant BIS standard
Government of Kerala issues a Notification regarding the revision in the variable dearness allowance for employment
SEBI issues Circular making changes to the format to be used to report violations regarding Code of Conduct under SEBI (Prohibition of Insider Trading) Regulations, 2015
SEBI issues Circular Allowing Offer for Sale and Rights Entitlements Transactions during trading window closure period
MCX issues Master Circular making changes in the approval process for new/change/modification in software version for CTCL/IBT/WT/ATF
MCX issues Circular reminding members to submit System Audit and Cyber Security and Cyber Resilience Audit Report on or before 31st July, 2020
NCDEX issues Circular reminding members to make Regulatory Submissions for the period ending 31st March, 2020 before 31st July, 2020
IRDAI issues Circular clearing issues regarding Transfer of Shares of Insurance Companies by Promoters/Shareholders
Ministry of Consumer Affairs notifies Consumer Protection (E-Commerce) Rules, 2020
Brief Details | The Ministry of Consumer Affairs, Food and Public Distribution in exercise of powers conferred by Section 10(1) (zg) of The Consumer Protection Act, 2019 notifies the Consumer Protection (E-Commerce) Rules, 2020. |
Change Type | Notification |
State | Central |
Effective Date | 23-July-2020 |
Source | http://egazette.nic.in/WriteReadData/2020/220661.pdf |
Ministry of Consumer Affairs notifies that certain provisions of The Consumer Protection Act shall come into force from 24th July, 2020
BIS notifies certain changes made to certain columns of The Schedule given in The Bureau of Indian Standards Rules, 2018
SEBI issues Circular regarding enhancing transparency pertaining to debt schemes and transaction in Corporate Bonds/Commercial Papers through RFQ platform
IRDAI issues Master Circular on Standardization of Health Insurance Products
Brief Details | The Insurance Regulatory and Development Authority of India issues this Master Circular under the provisions of Section 34 (1)(a) of the Insurance Act, 1938, Regulation 14(2)(e) of the IRDAI Act 1999, Regulation 2(i)(o), 18, 31(e) and 37 of IRDAI (Health Insurance) Regulations 2016 in consolidation of all the Guidelines issued up to 31st March, 2020. This Master Circular is applicable to all Insurers (excluding specialized insurers) and the TPAs wherever applicable. |
Change Type | Master Circular |
State | Central |
Effective Date | 22-July-2020 |
Source | file:///C:/Users/admin/Downloads/MASTER%20CIRCULAR%20ON%20STANDARDIZATION%20OF%20HEALTH%20INSURANCE%20PRODUCTS.pdf |
SEBI notifies Securities and Exchange Board of India (Settlement Proceedings) (Amendment) Regulations, 2020
BIS issues Notification making amendments to certain Schedules of the Indian Standards
Brief Details | The Bureau of Indian Standards Issues Notification in pursuance of Rule 15(1) of The Bureau of Indian Standards Rules, 2018 amending certain Schedules of the Rules. The amendments include amendments to standards of Hot Rolled Steel Strips and so on. |
Change Type | Notification |
State | Central |
Effective Date | 22-July-2020 |
Source | http://egazette.nic.in/WriteReadData/2020/220640.pdf |
SEBI issues Circular regarding review of stress methodology for positions with Early Pay-in
SEBI makes a Press Release to continue the Regulatory Measures taken on 20th March, 2020 till 27th August, 2020
MCX issues Circular reminding members to submit report of Artificial Intelligence and Machine Learning within 31st July, 2020
SEBI issues Circular laying down the framework to enable verification of upfront collection of margins from Clients’ in cash and derivatives segment
MCX issues Circular reminding members to submit Half Yearly Net Worth Certificate as on 31st March, 2020 on or before 31st July, 2020
Ministry of Health notifies The Cigarettes and Other Tobacco Products (Packaging and Labelling) Second Amendment Rules, 2020
SEBI issues Circular giving Guidelines in respect of conditions, manner and mechanism of exit option to dissenting unit holders pursuant to SEBI (INVLTS) Regulations, 2014
SEBI issues Circular giving Guidelines in respect of conditions, manner and mechanism of exit option to dissenting unit holders pursuant to SEBI (REIT) Regulations, 2014
BSE gives Notice to Stock Brokers to submit the data on Clients’ Funds as on 17th July, 2020 by 22nd July, 2020
BSE gives Notice to Stock Brokers to submit the Weekly Holding Statement for the week ending on 18th July, 2020 by 23rd July, 2020
NSDL issues Circular amending its Bye Laws and Business Rules
Brief Details | The National Securities Depository Limited issues Circular amending its Bye Laws and Business Rules with respect to margin obligations to be given by way of Pledge/ Re-pledge in the Depository System. The Amendments include the following: 1. Insertion of new Bye-law 9.16 and amendment to Bye-law 10.2.7 2. Insertion of Rule 12.16, 16.1.1 (xv) and amendment to Rules 4.5.3, 16.1.1 (xii) & 22.1 3. Insertion of new Form 43 in Rules |
Change Type | Circular |
State | Central |
Effective Date | 01-August-2020 |
Source | https://nsdl.co.in/downloadables/pdf/2020-0095-Policy-Amendments%20to%20Bye%20Laws%20and%20Business%20Rules%20of%20NSDL.pdf |
MCX issues Circular reminding members to submit Internal Audit Report and data pertaining to Risk Based Supervision on or before 31st July, 2020
SEBI notifies The Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations, 2020
RBI notifies Guidelines in regards to Fair Practices Code for Asset Reconstruction Companies
Ministry of Finance Issues Notification regarding leasing of plots in an industrial or financial business area
SEBI issues Circular giving relaxation from compliance with provisions of The SEBI (ILDS Regulations) 2008, (NCPRS Regulations) 2013
NCDEX issues Circular regarding the penalty structure related to the provisions of Handling of Clients’ Securities by Clearing Members
NSE issues Circular requesting members to submit AL and ML report by 31st July, 2020
BSE notifies revised charges for High Order To Trade Ratio which are applicable from 22nd July, 2020
BSE issues Notice requesting members to members to submit Cyber Resilience Audit Report on or before 31st July, 2020
MLWB notifies extension of Labour Welfare Fund Contribution till 15th August, 2020
Brief Details | The Maharashtra Labour Welfare Board Issues Notification giving relaxation to all establishments to pay contribution towards labour welfare fund for June 2020. The last date for payment is extended till 15th August, 2020 |
Change Type | Notification |
State | Central |
Effective Date | 14-July-2020 |
Source | https://public.mlwb.in/public |
SEBI issues Circular giving Guidelines for listing of Structured Products/Market Linked Debentures
CBDT issues Circular giving one-time relaxation to file ITR-V form upto 31st September, 2020 for verification of tax returns
CBIC issues Notification imposing 10% Tax on Import of Polybutadiene Rubber from South Korea
CBIC notifies extension of filing return from 15th July, 2020 to 31st August, 2020
DGFT issues Notification Amending the Export Policy of textile raw material for masks and coveralls
RBI issues Notification exempting Alternate Investment Fund from Registering as NBFC
SEBI issues Master Circular for Commodity Derivatives Market
CBIC issues Notification regarding re-import of Cut and Polished Diamonds
NSE issues Circular giving Guidelines on margin collection and reporting for Clearing Members
NSE issues Circular regarding penalty structure related to the provisions of Clients’ Securities by Clearing Members
BSE gives Notice to Stock Brokers to submit the data on Clients’ Funds as on 10th July, 2020 by 15th July, 2020
BSE gives Notice to Stock Brokers to submit the Weekly Holding Statement for the week ending on 11th July, 2020 by 16th July, 2020
CDSCO issues Circular extending the permission for import of drug with residual shelf life less than 60% upto 31st October, 2020
TRAI notifies Telecommunication Interconnection (Second Amendment) Regulations, 2020
IRDAI issues a Circular regarding the Rescheduling of term loans due to Covid-19
IRDAI issues a Circular regarding the Guidelines on Standard Individual Health Insurance Product
SEBI issues a Circular regarding the Amendments to SEBI (International Financial Services Centres) Guidelines, 2015
SEBI issues a Circular regarding the Amendments to SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
NSDL issues a Circular regarding the Submission of Compliance Certificate by RTAs/Issuers having direct electronic connectivity with NSDL
CBDT issues a Notification regarding the Harmonized Master List of Infrastructure Sub-sectors
SEBI signs MOU with CBDT
MCX issues Circular revising the procedure for transfer of business pursuant to Transfer of Membership/Merger/De-Merger/Amalgamation
MCX issues Circular reminding trading members to report Cyber Security Incident before 15th July, 2020
Brief Details | The Multi Commodity Exchange of India Limited has issued a Circular with reference to Circular No. MCX/CTCL/421/2020 dated 16th June, 2020 and MCX/TECH/058/2019 dated 31st January, 2019 wherein members were requested to keep the Exchange informed regarding Cyber Incidents. In this Circular the Exchange has requested trading members to report Cyber Incidents whether occurred or not for the quarter ending June 2020 through its portal which will be open for submission till 15th July, 2020. |
Change Type | Circular |
State | Central |
Effective Date | 08-July-2020 |
Source | https://www.mcxindia.com/docs/default-source/circulars/english/2020/july/mcxctcl4892020—information-sharing-on-cyber-security-incident-reminder.pdf?sfvrsn=12989c90_0 |
MCA issues Circular extending the last date of filing of Form NFRA-2
SEBI issues Circular giving relaxation with certain provisions of The SEBI (Issue and Listing of Municipal Debt Securities) Regulations, 2015
NSE issues Circular Discontinuing submission of compliance certificate on a quarterly basis
RBI issues Notification extending the timeline for finalization of audited accounts for NBFC
CBIC issues Notification regarding import of Phthalic Anhydride from Korea
RBI issues a Circular regarding the Credit flow to Micro, Small and Medium Enterprises Sector
SEBI issues a Circular regarding the Securities and Exchange Board of India (Investment Advisers) (Amendment) Regulations, 2020
SEBI issues a Press Release regarding the Amendments to SEBI (Investment Advisers) Regulations, 2013
NSE issues a Circular regarding the Discontinuation of NEAT Application
NSE issues a Circular regarding the Discontinuation of NEAT Application for the members using Non-Neat Frontend (NNF)
NSE issues a Circular regarding the Restoration of trading rights of member
BSE issues a Notice regarding the operational guidelines for Margin obligations to be given by way of Pledge/Re-pledge in the Depository System
NSDL issues a Circular regarding the Standard Operating Procedure in the cases of Trading Member / Clearing Member leading to default
NSDL issues a Circular regarding the Facility for submission of Annual System Audit Report in electronic form through e-PASS
NSDL issues a Circular regarding the Relaxation from compliance for submission of Half Yearly Internal Audit Report by Registrar and Transfer Agents (RTAs)
CBDT issues a Notification regarding the Income-tax (16th Amendment) Rules, 2020
SEBI issues Circular regarding Standard Operating Procedure in cases of Trading Member/Clearing Member leading to default
IBBI notifies Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Second Amendment) Regulations, 2020
Ministry of Electronics and Information Technology notifies Aadhaar (Enrolment and Update) (Eighth Amendment) Regulations, 2020
CERC notifies The Central Electricity Regulatory Commission (Sharing of Inter-State Transmission Charges and Losses) Regulations, 2020
RBI issues Master Circular regarding exchange of notes and coins in banks
RBI issues Notification regarding Credit Guarantee Scheme for Subordinate Debt for Stressed MSMEs
RBI issues Master Circular regarding Detection and Impounding of Counterfeit notes
SEBI issues Circular giving relaxations from compliance to REITs and InvITs
SEBI notifies Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2020
CBIC notifies The Central Goods and Services Tax (Eighth Amendment) Rules, 2020
CERC notifies Central Electricity Regulatory Commission (Sharing of Revenue Derived from Utilization of Transmission Assets for Other Business) Regulations, 2020 and three other Regulations
Brief Details | The Central Electricity Regulatory Commission in exercise of powers conferred under Section 178 of The Electricity Act, 2003 notifies The Central Electricity Regulatory Commission (Sharing of Revenue Derived from Utilization of Transmission Assets for Other Business) Regulations, 2020. The three other Regulations are: 1. The Central Electricity Regulatory Commission (Open Access in inter-State Transmission) (Sixth Amendment) Regulations, 2019 2. The Central Electricity Regulatory Commission (Indian Electricity Grid Code) (Sixth Amendment) Regulations, 2019 3. The Central Electricity Regulatory Commission (Indian Electricity Grid Code) (Sixth Amendment) Regulations, 2019 |
Change Type | Notification |
State | Central |
Effective Date | 01-July-2020 |
Source | http://egazette.nic.in/WriteReadData/2020/220316.pdf |
SEBI issues Circular giving relaxation to in timelines for compliance with regulatory requirements by DPs and RTAs
SEBI issues Circular regarding collection of stamp duty on issue, transfer and sale of units of AIFs
CBIC issues Circular extending the validity of AEO Certification for ease of renewal process
NSE issues Circular stating the procedure to submit quarterly report of unusual activity relating to Cyber Security
NSDL issues Circular giving new Guidelines/Procedure for collection of stamp duty
NCDEX issues Circular regarding cut-off time for determining minimum threshold of margins to be collected from clients
CBIC issues Notification amending the provisions for late fee for failure to furnish return
SEBI issues Circular giving relaxation to Portfolio Managers to comply with the Guidelines issue
IRDAI issues Circular giving timelines for submission of Life Operational returns in BAP for Life Insurers
Brief Details | The Insurance Regulatory and Development Authority of India issues Circular giving timelines for submission of Life Operational returns in Business Analytics Project (BAP) Module for all Life Insurers. Here are the timelines for the following: i) Monthly returns: 8th of following month. ii) The timelines for all other returns remain unchanged, as follows: (1) Unaudited quarterly returns: 30th day from the end of the quarter. (2) Audited Annual Returns: 30th June. (3) Yearly Outsourcing Return: 15th May. (4) Other Yearly Returns: 30th June. |
Change Type | Circular |
State | Central |
Effective Date | 29-Jun-2020 |
Source | https://www.irdai.gov.in/ADMINCMS/cms/whatsNew_Layout.aspx?page=PageNo4167&flag=1 |
DGFT issues Notification amending the export policy of Personal Protection Equipment
CBDT issues Notification amending the Income Tax Rules
MHA issues order on Guidelines for phasing re-opening (Unlock 2) outside of containment zones
Brief Details | The Ministry of Home Affairs has issues new Guidelines for Unlock 2. Here are the new Guidelines as follows: 1. Lockdown will continue till 31st July, 2020 2. Schools, Colleges and coaching institutions will remain shut during lockdown 3. Shops will remain open 4. Domestic trains and flights will function with restriction 5. No restriction on intra-state and inter-state movement of person and goods. No separate permission required for the same. 6. Religious places, restaurants and shopping malls will remain open outside containment zones |
Change Type | Order |
State | Central |
Effective Date | 30-Jun-2020 |
Source | https://www.mha.gov.in/ |
Ministry of Labour and Employment has notified Gujarat Shops and Establishments (Regulation of Employment and Conditions of Service) Rules, 2020
RBI issues Circular regarding minimum daily maintenance of the cash reserve requirement for Scheduled Banks
RBI issues Circular regarding maintenance of Statutory Liquidity Ratio for Scheduled Banks
SEBI issues Circular giving relaxation of time gap between two Board/Audit Committee meetings of listed entities
CBIC issues Notification extending the time limit for refund claims
BSE issues notice to submit data on clients’ funds lying with Stock Brokers by 1st July, 2020
Brief Details | The Bombay Stock Exchange has issued a Notice to all Stock Brokers to submit the data on clients funds as on 26th June, 2020 by 1st July, 2020 using the link provided in the notice. |
Change Type | Notice |
State | Central |
Effective Date | 29-Jun-2020 |
Source | https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200626-41 |
BSE advised to comply with SEBI circular regarding relaxation of time gap between two board / Audit Committee meetings of listed entities
Ministry of Law and Justice notifies The Banking Regulation (Amendment) Ordinance, 2020
Brief Details | The Ministry of Law and Justice has notified The Banking Regulation (Amendment) Ordinance, 2020 to amend the Banking Regulation Act, 1949. The amendments include Substitution of Section 3 and Amendment of Sections 45 and 56. |
Change Type | Notification |
State | Central |
Effective Date | 29-Jun-2020 |
Source | http://egazette.nic.in/WriteReadData/2020/220203.pdf |
SEBI grant further extension of time for submission of Annual Secretarial Compliance Report by listed entities due to COVID-19 pandemic
CBIC provides relief by lowering of interest rate for a prescribed time for tax periods from February, 2020 to July, 2020
CBIC seeks to bring into force Section 134 of Finance Act, 2020 in order to bring amendment to Section 25 of IGST Act
Brief Details | The CBIC Seeks to bring into force Section 134 of Finance Act, 2020 in order to bring amendment to Section 25 of IGST Act with effect from 30th June, 2020. |
Change Type | Notification |
State | Central |
Effective Date | 24-June-2020 |
Source | https://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-4-2020-igst-english.pdf |
BSE advised to comply with the SEBI circular regarding extension of time for submission of Annual Secretarial Compliance Report by listed entities
IRDAI issues Advisory on COVID-19 related Phishing Attack Campaign by Malicious Actors
NCDEX issues circular regarding extension of time for submission of Half Yearly Net worth Certificate as on March 31, 2020
DGFT makes amendment in Foreign Trade Policy 2015-2020
Brief Details | The DGFT has made amendment in Foreign Trade Policy 2015-20, wherein Para 4.44 of Foreign Trade Policy 2015-20 regarding Export of Cut & Polished Diamonds with Re-import Facility at Zero Duty has been amended. |
Change Type | Notification |
State | Central |
Effective Date | 15-June-2020 |
Source | http://egazette.nic.in/WriteReadData/2020/220164.pdf |
Ministry of Finance notifies the Central Goods and Services Tax (Removal of Difficulties) Order, 2020
FSSAI provides extension of timelines for compliance with Food Safety and Standards (Recovery and Distribution of Surplus Food) Regulations, 2019
MCA notifies the Companies (Meetings of Board and its Powers) Second Amendment Rules, 2020
MCA notifies the Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2020
RBI issues notification regarding Loans Sourced by Banks and NBFCs over Digital Lending Platforms in Adherence to Fair Practices Code and Outsourcing Guidelines
SEBI issues circular relating to guidelines for Order-to-trade ratio(OTR) for Algorithmic Trading
SEBI issues circular in relation to further extension of time for submission of financial results for the quarter/half year/financial year ending 31st March 2020 due to COVID-19
CBDT issues notification with respect to extension of time limits under the Income Tax Act,1961
BSE issues circular in relation with (Substantial Acquisition of Shares and Takeovers) (Second Amendment) Regulations, 2020.
BSE issues circular in relation with (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2020
CBIC Seeks to bring into force Sections 118, 125, 129 & 130 of Finance Act, 2020 with effect from 30th June, 2020
Brief Details | The CBIC seeks to bring into force Sections 118, 125, 129 & 130 of Finance Act, 2020 with effect from 30th June, 2020 in order to bring amendment to Sections 2, 109, 168 & 172 of the Central Goods and Services Tax Act, 2017. |
Change Type | Notification |
State | Central |
Effective Date | 30-Jun-2020 |
Source | https://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-49-central-tax-english-2020.pdf |
CBIC notifies the Central Goods and Services Tax (Seventh Amendment) Rules, 2020
Brief Details | The CBIC notifies the Central Goods and Services Tax (Seventh Amendment) Rules, 2020, and made amendment in the Central Goods and Services Tax Rules, 2017, wherein the table as specified in Rule 7 has been amended. |
Change Type | Notification |
State | Central |
Effective Date | 24-Jun-2020 |
Source | https://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-50-central-tax-english-2020.pdf |
CBIC seeks to provide relief by lowering of interest rate for a prescribed time for tax periods from February 2020 to July 2020.
CBIC seeks to provide one time amnesty by lowering/waiving of late fees for non- furnishing of FORM GSTR-3B from July, 2017 to January, 2020 and provide relief by conditional waiver of late fee for delay in furnishing returns in FORM GSTR-3B for tax periods of February, 2020 to July, 2020
CBIC seeks to provide relief by waiver of late fee for delay in furnishing outward statement in FORM GSTR-1 for tax periods for months from March, 2020 to June, 2020 for monthly filers and for quarters from January, 2020 to June, 2020 for quarterly filers
CBIC seeks to extend due date for furnishing FORM GSTR-3B for supply made in the month of August, 2020 for taxpayers with annual turnover up to Rs. 5 crore.
IRDAI issues a circular relating to guidelines on introduction of short-term health insurance policies providing coverage for COVID-19 disease
SEBI issues circular for Temporary relaxation in processing of documents pertaining to FPIs due to COVID-19
Ministry of Finance under Central Board of Direct Taxes issues a notification in relation with Maharashtra Electricity Regulatory Commission
SEBI issues circular for relaxation in timelines for compliance with regulatory requirements
MCX issues a circular regarding Cyber Security Advisory “Covid-19 related Phishing Attack Campaign by Malicious Actors”
MCX issues relaxation in timelines for compliance with regulatory requirements
RBI issues notification on Increasing Instances of Payment Frauds – Enhancing Public Awareness Campaigns Through Multiple Channel
Ministry of Corporate Affairs gives clarification with regard to creation of deposit repayment of 20% under Companies Act, 2013 and to invest/deposit 15% of amount of debentures under rule 18 of Companies (Share capital and Debentures) Rules, 2014
RBI issues a notification regarding Assignment of Risk Weights on Credit Facilities (Guaranteed Emergency Credit Line) under the Emergency Credit Line Guarantee Scheme
CBIC notifies the Central Goods and Services Tax (Sixth Amendment) Rules, 2020
NSE gives relaxation in Compliance requirement due to COVID-19
Brief Details | The NSE with reference to SEBI circular SEBI/HO/MIRSD/DOP/CIR/P/2020/ 101 dated June 19, 2020, on “Relaxation in timelines for compliance with regulatory requirements”, wherein further relaxations have been given to Members with respect to certain regulatory submissions/requirements which includes client funding reporting for the month of April, May and June, 2020; Reporting for Artificial Intelligence and Machine Learning applications for the quarter ended on 31st March, 2020 extended till 31st July, 2020 etc. |
Change Type | Circular |
State | Central |
Effective Date | 19-June-2020 |
Source | https://www.ricago.com/wp-content/uploads/2020/06/Attachment-1-9.pdf |
NSE issues a circular regarding path of filing disclosures related to Corporate Action on NEAPS Portal
BSE issues a notice for relaxation in compliance requirements with regard to COVID-19
BSE issues notice regarding system audit of Stock Brokers or Trading Members
BSE advise to comply with the Securities and Exchange Board of India (Substantial Acquisition of Shares And Takeovers) (Amendment) Regulations, 2020
MSE issues a circular regarding Relaxation in Compliance requirements – COVID-19
Brief Details | The MSE has advised members to comply with the SEBI circular SEBI/HO/MIRSD/DOP/CIR/P/2020/101 dated June 19, 2020, on “Relaxation in timelines for compliance with regulatory requirements”, wherein further relaxations have been given to Members with respect to certain regulatory submissions/ requirements. The copy of the said SEBI circular has enclosed in Annexure A for your reference. |
Change Type | Circular |
State | Central |
Effective Date | 19-June-2020 |
Source | https://www.ricago.com/wp-content/uploads/2020/06/Attachment-2-4.pdf |
SEBI issues a Circular regarding the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2020
SEBI issues a Circular regarding the Securities and Exchange Board of India (Issue of capital and disclosure requirements) (Amendment) Regulations, 2020
SEBI issues a Circular regarding the Securities and Exchange Board of India (Infrastructure Investment Trusts) (Second Amendment) Regulations, 2020
SEBI issues a Circular regarding the Securities and Exchange Board of India (Real Estate Investment Trusts) (Second Amendment) Regulations, 2020
SEBI issues a Press Release regarding the Regulatory measures to continue
NSE & MSE issues a Circular regarding the Regulatory measures introduced by SEBI to continue in view of ongoing uncertainty
FSSAI issues an Order regarding the Extension of grace period for renewal of license or registrations
BSE advised to comply with SEBI (Infrastructure Investment Trusts) (Second Amendment) Regulations, 2020
BSE advised to comply with SEBI (Real Estate Investment Trusts) (Second Amendment) Regulations, 2020
NSDL grant relaxation in timelines for submission of Risk Assessment Template
NSDL grant relaxation in timelines for Concurrent Audit of depository operations
NCDEX advised to comply with SEBI circular on Participation of Mutual Funds in Commodity Derivatives Market in India
NCDEX issues circular on Reporting for Artificial Intelligence (AI) and Machine Learning (ML) applications and systems offered and used by market intermediaries
MCA introduced a Scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013
MCX issues a circular regarding reporting for Artificial Intelligence (AI) and Machine Learning (ML) applications
MCX issues a circular regarding sharing of information on Cyber Security Incident
Administrator of Chandigarh provides exemption under the Shops and Establishment Act
MCA issues circular allowing companies to hold EGMs through video conference upto 30th September 2020
NSE issues circular to submit Cyber Security Audit by 31st July 2020 for all Type 1 Stock Brokers
Brief Details | The National Stock Exchange of India Limited issues circular requiring Type 1 Stock Brokers, as defined in SEBI circular CIR/MRD/DMS/34/2013 dated 6th November, 2013 to carry-out Cyber Security audit for the Financial Year 2019-2020. Furthermore, the last date for Preliminary Audit Report submission is 31st July 2020. |
Change Type | Circular |
State | Central |
Effective Date | 15-Jun-2020 |
Source | https://www.ricago.com/wp-content/uploads/2020/06/Attachment-1-6.pdf |
SEBI issues a Circular regarding the Investment by the sponsor or asset management company in the scheme
SEBI issues a Circular regarding the Clarifications on disclosure standards for alternative investment fund
FSSAI issues a Circular regarding the Extension of date for mandatory food safety audit of Food Businesses under the FSS (Food Safety Auditing) Regulations, 2018
Government of Karnataka issues a Notification regarding the Withdrawal of order on Extension of working hours in factories in Karnataka
Brief Details | The Government of Karnataka has issued a Notification regarding the Withdrawal of order on Extension of working hours in factories in Karnataka under Section 5 of the Factories Act, 1948, wherein it is decided to grant exemption to all factories registered under Factories Act, 1948 from provisions of section 51 (Weekly Hour), section 54 (Daily Hour), of Factories Act, 1948 subject to certain conditions as per the notification. Therefore, employers of factories in the State of Karnataka are advised to comply with the working hours as prescribed under the Factories Act,1948. |
Change Type | Notification |
State | Karnataka |
Effective Date | 11-June-2020 |
Source | https://www.ricago.com/wp-content/uploads/2020/06/Attachment-1-5.pdf |
NSDL issues a circular for implementation of Section 51A of The Unlawful Activities (Prevention) Act, 1967
NSDL issues a circular on relaxation for submission of Internal Audit Report by RTAs to depository
NCDEX issues circular on submission of Information / data towards Risk Based Supervision (RBS) for the period April 01, 2019 – March 31, 2020
IRDAI issues Guidelines on Telemedicine
IRDAI issues circular on Modified Guidelines on Product filing in Health Insurance Business Norms on Proportionate Deductions
IRDAI issues circular on Guidelines on Standardization of general terms and clauses in HHHealth Insurance Policy Contracts
DGFT issues notification amending SCOMET 2020 regarding classification of Export and Import items, 2018
NES issues circular on Migration of Reporting Trades in unlisted Commercial Paper/Certificate of Deposits on Web-Based Debt Segment
BSE issues notice on Download of Penalty Report for modification of Client Codes of non-institutional trades (All Segments)
BSE issues notice on Relaxations from certain provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 in respect of Further Public Offer
BSE issues notice on Re-categorisation of Foreign Portfolio Investors (FPI) in UCC system under SEBI Foreign Portfolio Investors (FPI) Regulations, 2019
BSE issues notice on Disclosure of Financial Information in Private Placement Memorandum for Issuance of Debt Securities
MCX issues a circular on Revision in Know Your Client (KYC) Norms of Members
IRDAI issues a circular on Standards for hospitals in the provider network – Disclosure of Quality Parameters
IRDAI issues a circular on Guidelines on Public disclosures by Insurers
MCA notifies the Companies (Share Capital and Debentures) Amendment Rules, 2020
SEBI issues a Circular regarding the Relaxation from certain provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
BSE issues a Notice regarding the Relaxation from compliance with certain provisions of the SEBI (Issue and Listing of Debt Securities) Regulations, 2008 and others
MCX issues a Circular regarding the Submission of Internal Audit Report and data pertaining to Risk Based Supervision
Brief Details | The Multi Commodity Exchange of India Limited has issued a Circular regarding the Submission of Internal Audit Report and data pertaining to Risk Based Supervision, wherein the members have been informed about the requirements of following submissions on or before 30th June, 2020, such as internal Audit Report for the period 1st October, 2019 to 31st March, 2020 and Submission of Data/Details/Information for the period 1st April, 2019 to 31st March, 2020 pertaining to Risk Based Supervision. |
Change Type | Circular |
Category | Securities Law |
State | Central |
Effective Date | 09-June-2020 |
Source | https://www.ricago.com/wp-content/uploads/2020/06/Attachment-1-3.pdf |
IRDAI issues a Circular regarding the Recent Developments in Motor Insurance products
IRDAI issues a Circular regarding the Withdrawal of long-term package cover offering both motor third party insurance and own damage insurance
Brief Details | The Insurance Regulatory Development Authority of India has issued a Circular regarding the withdrawal of long-term package cover offering both motor third party insurance and own damage insurance for 3 or 5 years, wherein the authority has decided to withdraw long term package cover offered for new cars and two wheelers from 1st August, 2020. |
Change Type | Circular |
Category | Insurance Law |
State | Central |
Effective Date | 01-Aug-2020 |
Source | https://www.ricago.com/wp-content/uploads/2020/06/Attachment-2-2.pdf |
CBIC issues a Notification regarding the Extension of the validity of e-way bill generated
Brief Details | The Central Board of Indirect Tax and Customs has issued a Notification regarding the Extension of the validity of validity of e-way bill generated on or before 24th March, 2020 (whose validity has expired on or after 20th March, 2020) till the 30th June, 2020. |
Change Type | Notification |
Category | Tax Law |
State | Central |
Effective Date | 09-June-2020 |
Source | https://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-47-central-tax-english-2020.pdf |
CBIC issues a Notification regarding the Extension of period to pass order under Section 54(7) of CGST Act
CBIC issues a Notification regarding the Extension of the date for transition under GST on account of merger of erstwhile Union Territories
Brief Details | The Central Board of Indirect Tax and Customs has issued a Notification regarding the Extension of the date for transition under GST on account of merger of erstwhile Union Territories of Daman and Diu & Dadar and Nagar Haveli, wherein the date for transition under GST on account of merger of erstwhile Union Territories have been extended to 31st July, 2020. |
Change Type | Notification |
Category | Tax Law |
State | Union Territories of Daman and Diu & Dadar and Nagar Haveli |
Effective Date | 31-May-2020 |
Source | https://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-45-central-tax-english-2020.pdf |
Ministry of Labour and Employment notifies Employees’ State Insurance (Central) Amendment Rules, 2020
SEBI issues circular on relaxation from compliance with certain provisions of the SEBI (Issue and Listing of Debt Securities) Regulations, 2008 and SEBI (Non-Convertible Redeemable Preference Shares) Regulations, 2013 and certain SEBI Circulars due to the COVID -19 virus pandemic
BSE issues notice Reporting of Client Level Cash & Cash Equivalent and Bank account Balances
NCDEX issues circular on Extension of Collection of Back dated Broker Turnover Stamp Duty for State of Uttar Pradesh till 30th June, 2020 by M/s. BOI Shareholding Limited (BOISL)
NSDL issues circular on Framework for issue of Depository Receipts
Brief Details | The National Securities Depository Limited has issued circular to notify the Participants about the SEBI Circular no. SEBI/HO/MRD-1/CIR/P/2020/95 dated 5th June 05, 2020 regarding Framework for Regulatory Sandbox. |
Change Type | Circular |
State | Central |
Effective Date | 8-Jun-2020 |
Source | Refer Attachment 1 for more details |
CBIC gives effect to provisions of Rule 67A for furnishing a nil return in FORM GSTR-3B by SMS
DGFT notifies Amendment in Para 2.20(b) of Handbook of Procedures of Foreign Trade Policy 2015-20 regarding revalidation of Export Authorisation/ License of Non-SCOMET and SCOMET item
Ministry of Environment, Forest and Climate Change amends notification number S.O. 850(E), dated the 17th March, 2017
Ministry of Environment, Forest and Climate Change amends notification number S.O. 850(E), dated the 17th March, 2017
Brief Details | The Ministry of Environment, Forest and Climate Change has notified amendment of its notification number S.O. 850(E), dated the 17th March, 2017, whereby paragraph 2A has been inserted after paragraph 2 and paragraph 8A has been inserted after paragraph 8. |
Change Type | Notification |
State | Central |
Effective Date | 8-Jun-2020 |
Source | http://egazette.nic.in/WriteReadData/2020/219811.pdf |
RBI issues a Notification regarding the Extension of timeline for compliance
RBI issues a Notification regarding the Interest Subvention (IS) and Prompt Repayment Incentive (PRI) for Short Term Loans
RBI issues a Press Release regarding Creation of Payments Infrastructure Development Fund
NHB issues a Notification regarding the Revision of Special Refinance Facility (SRF) scheme
NHB issues a Notification regarding the Moratorium period extension for Refinance and Project Finance
SEBI issues a Circular regarding the Relaxation in compliance with requirements pertaining to AIFs and VCF
SEBI issues a Press Release regarding the Facility to view status of deficiency in claim applications
SEBI issues a Circular regarding the Participation of Mutual Funds in Commodity Derivatives Market
NSE issues a Circular regarding the Extension of time for submission of compliance certificate for the quarter ended March 2020
NSE issues a Circular regarding the Applicability of Trade Execution Range (TER) in Commodity Derivatives Segment
NSE issues a Circular regarding the Discontinuation of Intraday Crystallized losses reports for Currency derivative markets and Futures and Options
Brief Details | The National Stock Exchange of India has issued a Circular regarding the Discontinuation of Intraday crystallized losses reports for Currency derivative markets and Futures and Options, wherein it is informed that, in view of the changes in the margin framework, Intraday crystallized losses report of the Clearing Member (MG-16) and intra-day crystallized losses report for trading member (MG-17), shall be discontinued from 1st June, 2020. |
Change Type | Circular |
State | Central |
Effective Date | 01-June-2020 |
Source | https://www.ricago.com/wp-content/uploads/2020/06/Attachment-1-1.pdf |
NSE issues a Circular regarding the Implementation of provision regarding the power of attorney
NSE issues a Circular regarding the Mandatory Insurance Cover for the Period 2020-21
BSE issues a Notice regarding the Introduction of LES scheme in Equity derivative segment
MSE issues a Circular regarding the Extension of time for submission of compliance certificate for the quarter ended March 2020
MSE, NSDL, NCDEX, NCCL and MCX issues a Circular regarding the Implementation of provision regarding the power of attorney
NCDEX issues a Circular regarding the Submission of Half-Yearly Networth Certificate as on 31st March, 2020
MCX issues a Circular regarding the Penalty Structure for Non-compliance in Handling of Clients Securities by Members
Brief Details | The Multi Commodity Exchange of India Limited has issued a Circular regarding the Penalty Structure for Non-compliance in Handling of Clients Securities by Members, wherein, the Exchange in consultation with other Exchanges has formulated an indicative penalty structure for the non-compliances of the provisions of the SEBI Circulars and is enclosed as Annexure 1. |
Change Type | Circular |
State | Central |
Effective Date | 05-June-2020 |
Source | https://www.ricago.com/wp-content/uploads/2020/06/Attachment-4-1.pdf |
MCX issues a Circular regarding the SEBI (Payment of Fees) (Amendment) Regulations, 2020
Brief Details | The Multi Commodity Exchange of India Limited informs that a Notification regarding the SEBI (Payment of Fees) (Amendment) Regulations, 2020, has been issued by SEBI vide its notification no. SEBI/LAD-NRO/GN/2020/011 dated 8th May, 2020, wherein, payment of fees under SEBI (Stock Brokers) Regulations, 1992; SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and SEBI (Buy-Back of Securities) Regulations, 2018 have been amended. |
Change Type | Circular |
State | Central |
Effective Date | 04-June-2020 |
Source | https://www.ricago.com/wp-content/uploads/2020/06/Attachment-5-1.pdf |
IRDAI issues a Circular regarding the Disclosure of underwriting philosophy of offering Insurance coverage
IRDAI issues a Circular regarding the Extension of time limit applicable to Public Disclosures on websites
IRDAI issues a Circular regarding the Guidelines on Insurance Claims of victims of Cyclone Nisarga (June 2020) in the calamity affected districts
Brief Details | The Insurance Regulatory Development Authority of India has issued a Circular regarding the Guidelines on Insurance Claims of victims of Cyclone Nisarga (June 2020) in the calamity affected districts, wherein it is informed to All CEOs /CMDs of all General Insurance Companies and Stand-Alone Health Insurance Companies to take immediate steps to mitigate the hardships of the affected insured population by ensuring immediate registration and settlement of eligible claims as prescribed in the Circular |
Change Type | Circular |
State | Central, Maharashtra, Gujarat |
Effective Date | 08-June-2020 |
Source | https://www.ricago.com/wp-content/uploads/2020/06/Attachment-6-1.pdf |
IRDAI issues a Circular regarding the Legal Entity Identifier (LEI) code
CBIC issues an Instruction regarding the 24×7 Customs Clearance at all the Customs Stations
CBIC issues a Circular regarding the Extension of the validity of all the AEO Certificates for ease of renewal process
Government of Haryana issues a Notification regarding Extension of Time Limit to Deposit Labour Welfare Fund in the State of Haryana for the year 2019
Brief Details | The Government of Haryana has issued a Notification regarding the Extension of Time Limit to deposit Labour welfare fund for the year 2019, wherein it is informed that Government of Haryana has further extended the last day to deposit the Labour Welfare Fund pertaining to the year 2019, till 30th June 2020. |
Change Type | Notification |
State | Haryana |
Effective Date | 02-June-2020 |
Source | https://www.ricago.com/wp-content/uploads/2020/06/Attachment-7-1.pdf |
Government of India issues a Notification regarding the Further Extension of Renewal of License for Various Acts Under Central Sphere
Brief Details | The Government of India has issued a Notification regarding the Extension of renewal of license for various acts under central sphere, wherein, the validity of licenses granted under the Contract Labour (R&A) Act, 1970 And Inter-State Migrant Workmen (ISMW) Act-1979 are hereby extended up to 30th June 2020 for those licenses whose renewal falls in the months of March, April, May, & June 2020 |
Change Type | Notification |
State | Central |
Effective Date | 03-June-2020 |
Source | https://www.ricago.com/wp-content/uploads/2020/06/Attachment-8-1.pdf |
Government of Telangana issues a Notification regarding the Extension of Earlier Order Declaring paid holidays for Shops and Establishment in Telangana
Brief Details | The Government of Telangana has issued a Notification regarding the Extension of Earlier Order Declaring paid holidays for Shops and Establishment in Telangana, wherein, the declaration of paid holidays for shops and establishment, which was given effect up to 31st May 2020 has been extended up to 7th June 2020, subject to the relaxations given and conditions imposed thereon. |
Change Type | Notification |
State | Telangana |
Effective Date | 01-June-2020 |
Source | https://www.ricago.com/wp-content/uploads/2020/06/Attachment-9-1.pdf |
TRAI notifies the Telecommunication Tariff (Sixty Fifth Amendment) Order, 2020
Ministry of commerce and Industry issues a press Release regarding the Implementation of paperless process for grant of IEM
IBBI issues a Notification regarding the Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) Guidelines, 2020
IBBI issues a Notification regarding the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2020
FSSAI issues a Direction regrading the operationalization of the Food Safety and Standards Act, 2006