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Corporate Compliance Calendar for October 2020

CS Lalit Rajput , Last updated: 03 October 2020  
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Dear Readers

This article contains various Compliance requirements for the Month of October 2020 under Statutory Laws. Compliance means 'adhering to rules and regulations.' Compliance is a continuous process of following laws, policies, and regulations, rules to meet all the necessary governance requirements without any failure.

1. Compliance requirement under the Income Tax Act, 1961

Applicable Laws/Acts

Compliance Particulars

Due Dates

Income Tax Act, 1961

filing of ITR for Assessment year 2019-20

30.11.2020

Income Tax Act, 1961

Tax Audit Report or A/Y 2020-21

31.10.2020

Income Tax Act, 1961

date for furnishing the belated and revised return for Assessment Year 2019-20

30.11.2020

Income Tax Act, 1961

​​Due date for deposit of tax deducted/collected for the month of September, 2020. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan

07.10.2020

Income Tax Act, 1961

​Due date for deposit of TDS for the period July 2020 to September 2020 when Assessing Officer has permitted quarterly deposit of TDS under section 192, 194A, 194D or 194H

07.10.2020

Income Tax Act, 1961

​Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of September, 2020 has been paid without the production of a challan

15.10.2020

Income Tax Act, 1961

​Due date for issue of TDS Certificate for tax deducted under Section 194-IB in the month of August, 2020

15.10.2020

Income Tax Act, 1961

​Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of August, 2020

15.10.2020

Income Tax Act, 1961

​Due date for issue of TDS Certificate for tax deducted under Section 194M in the month of August, 2020

15.10.2020

Income Tax Act, 1961

​Quarterly statement in respect of foreign remittances (to be furnished by authorized dealers) in Form No. 15CC for quarter ending September, 2020

15.10.2020

Income Tax Act, 1961

​Quarterly statement of TCS deposited for the quarter ending September 30, 2020​

15.10.2020

Income Tax Act, 1961

​Upload declarations received from recipients in Form No. 15G/15H during the quarter ending September, 2020​

15.10.2020

Income Tax Act, 1961

​Due date for furnishing statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes been modified after registering in the system for the month of September, 2020​

15.10.2020

Income Tax Act, 1961

​Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA in the month of September, 2020

31.10.2020

Income Tax Act, 1961

​Due date for furnishing of challan-cum-statement in respect of tax deducted under Section 194-IB in the month of September, 2020

31.10.2020

Income Tax Act, 1961

​Due date for furnishing of challan-cum-statement in respect of tax deducted under Section 194M in the month of September, 2020

31.10.2020

Income Tax Act, 1961

​Quarterly TCS certificate (in respect of tax collected by any person) for the quarter ending September 30, 2020​

31.10.2020

Income Tax Act, 1961

​Intimation by a designated constituent entity, resident in India, of an international group in Form no. 3CEAB for the accounting year 2019-20.​

31.10.2020

Income Tax Act, 1961

​Quarterly statement of TDS deposited for the quarter ending September 30, 2020​

31.10.2020

Income Tax Act, 1961

​Due date for furnishing of Annual audited accounts for each approved programmes under section 35(2AA)

31.10.2020

Income Tax Act, 1961

​Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending September 30, 2020​*

31.10.2020

Income Tax Act, 1961

Copies of declaration received in Form No. 60 during April 1, 2020 to September 30, 2020 to the concerned Director/Joint Director

31.10.2020

Income Tax Act, 1961

​ Audit report under section 44AB for the assessment year 2020-21 in the case of an assessee who is also required to submit a report pertaining to international or specified domestic transactions under section 92E

31.10.2020

Income Tax Act, 1961

​​ Report to be furnished in Form 3CEB in respect of international transaction and specified domestic transaction​

31.10.2020

Income Tax Act, 1961

Due date for filing of audit report under section 44AB for the assessment year 2020-21 in the case of a corporate-assessee or non-corporate assessee

31.10.2020

Corporate Compliance Calendar for October 2020

Important updates:

1. 5% tax will be levied on foreign fund transfer

Any amount sent abroad to buy foreign tour packages, and every other foreign remittance made above ₹7 lakh, will attract a tax-collected-at source (TCS) beginning 1 October unless tax is already deducted at source (TDS) on that amount. While the tax on foreign tour packages will be 5% for any amount, for other foreign remittances the tax will kick in only for the amount spent above ₹7 lakh.

2. New Tax Collected at Source (TCS) regime

The Income Tax Department issued guidelines for applicability of TCS provision which requires an e-commerce operator to deduct 1 per cent tax on sale of goods and services. The new Tax Collected at Source (TCS) regime will come into effect from October 1 . The Finance Act, 2020 inserted a new section 194-O in the Income-tax Act 1961 which mandates that with effect from October 1, 2020, an e-commerce operator shall deduct income tax at the rate of 1 per cent of the gross amount of sale of goods or provision of service or both, facilitated through its digital or electronic facility or platform

3. Buying television sets can be expensive

Open cell panels will attract 5% import duty from 1 October, with the government saying that a duty exemption expiring at the end of this month will not be extended . As part of 'Atmanirbhar Bharat' the government is keen to expand domestic production capacity for open cell panels so that imports can be curbed. The one-year exemption given to the item expires today, 30 September.

4. 'Transparent Taxation–Honouring the Honest'- a platform to meet the requirements of the 21st century taxation system. The platform has major reforms like Faceless Assessment, Faceless Appeal and Taxpayers Charter.

5. The Faceless Assessment Scheme, 2019 (earlier known as the E-assessment Scheme, 2019) was introduced in 2019 to impart efficiency, transparency and accountability to the assessment process by inter alia eliminating the interface between the Assessing Officer and the assessee and team-based assessment with dynamic jurisdiction. Similar Scheme will be introduced for disposal of appeals by the Commissioner (Appeals) in a faceless manner.

6. Measures taken by Government to reform Direct Tax regime

In order to provide a non-intrusive and non-adversarial tax ecosystem, the Government has taken various measures to reform the Direct Tax regime:

  • · Rationalisation of tax rates,
  • · simplification of income tax return forms,
  • · faster processing of refunds,
  • · speedy resolution of grievances and
  • · Introduction of faceless processes to ease the compliance burden

7. All Income Tax Return Preparation Software for AY 2020-21 are now available for e-Filing.

8. Final Opportunity - One-time relaxation for Verification of Income-tax Returns by EVC/ITR-V for Assessment Years 2015-16, 2016-17, 2017-18, 2018-19 and 2019-20 which are pending due to non-verification. Please note that the verification must be completed by 30-SEP-2020.

9. Form 35 is re-enabled to file appeal in accordance with the Faceless Appeal Scheme,'Save draft' will be enabled shortly.

Important Notifications:

Sl. No.

Particulars of the Notification(s)

File No. / Circular No.

Notification Link(s)

1.

The terms and conditions on which the approval of the Government of India has been accorded for setting up of an industrial park by M/s Softzone Tech Park Ltd

CG-DL-E-08092020-221603

LINK

2.

the Central Government hereby notifies the Infrastructure Debt Fund

Notification No. 74/2020/F. No. 178/42/2017-ITA-1

LINK

3.

the Central Government hereby notifies for the purposes of the said clause, ‘District Mineral Foundation Trust’ as specified in the schedule to this notification

Notification No. 73/2020/F. No. 300196/36/2017-ITA-I

LINK

4.

Income-tax (21st Amendment) Rules, 2020

Notification No. 75/2020/F. No. 370142/8/2020-TPL

LINK

5.

the Faceless Appeal Scheme, 2020

CG-DL-E-25092020-221959

LINK

6.

Income-tax (21st Amendment) Rules, 2020

CG-DL-E-22092020-221872

LINK

7.

Amendments in the notification of the Government of India, Ministry of Finance, published in the Gazette of India, vide no. S.O. 2753 (E) dated the 22.10.2014

CG-DL-E-25092020-221964

LINK

8.

CBDT issues Notification on Extension of time limit for filing of AY 2019-20 under the Income Tax Act, 1961.

F. No. 225/150/2020 – ITA-II

LINK

9.

The Taxation and Other Laws (Relaxation and amendment of Certain Provisions) Act, 2020

CG-DL-E-30092020-222154

LINK

2. Compliance Requirement under GST, 2017

Keeping in view the preventive measures taken to contain the spread of Novel Coronavirus (COVID-19) and the difficulties being faced by the GST taxpayer, Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes & Customs, has extended the due date for Filing GST Returns.

Filing of GSTR-3B

GSTR 3B Due Dates for May 2020

A. Taxpayers having aggregate turnover > Rs. 5 Cr. in preceding FY

Tax period

Due Date

No interest payable till

Interest payable @ 9% from & till

Interest payable @ 18% from

September, 2020

20th October, 2020

-

-

-

B. Taxpayers having aggregate turnover upto Rs. 5 crores in preceding FY (Group A)

Tax period

Due Date

No interest payable till

Interest payable @ 9% from & till

Interest payable @ 18% from

Feb, 2020

22nd March, 2020

30th June, 2020

1st July to 30th Sept., 2020

1st Oct., 2020

March, 2020

22nd April, 2020

3rd July, 2020

4th July to 30th Sept., 2020

1st Oct., 2020

April, 2020

22nd May, 2020

6th July, 2020

7th July to 30th Sept., 2020

1st Oct., 2020

May, 2020

12th July, 2020 (extended date for filing)

12th Sept., 2020

13th Sept to 30th Sept., 2020

1st Oct., 2020

June, 2020

22nd July, 2020

23rd Sept., 2020

24th Sept to 30th Sept., 2020

1st Oct., 2020

July, 2020

22nd August, 2020

27th September, 2020

28 Sep-30 Sep 2020

01.10.2020 to till actual date of deposit of Tax

August, 2020

01st October, 2020

-

-

-

September, 2020

22nd October, 2020

     

Group A States: Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Daman & Diu and Dadra & Nagar Haveli, Puducherry, Andaman and Nicobar Islands, Lakshadweep

C. Taxpayers having aggregate turnover upto Rs. 5 crores in preceding FY (Group B)

Tax period

Due Date

No interest payable till

Interest payable @ 9% from & till

Interest payable @ 18% from

Feb, 2020

24th March, 2020

30th June, 2020

1st July to 30th Sept., 2020

1st Oct., 2020

March, 2020

24th April, 2020

5th July, 2020

6th July to 30th Sept., 2020

1st Oct., 2020

April, 2020

24th May, 2020

9th July, 2020

10th July to 30th Sept., 2020

1st Oct., 2020

May, 2020

14th July, 2020 (extended date for filing)

15th Sept, 2020

16th Sept to 30th Sept., 2020

1st Oct., 2020

June, 2020

24th July, 2020

25th Sept, 2020

26th Sept to 30th Sept., 2020

1st Oct., 2020

July, 2020

24th August, 2020

29th Sept, 2020

30th Sept., 2020

1st Oct., 2020

August, 2020

03rd October, 2020

-

-

-

September, 2020

24th October, 2020

     

Group B States: Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu and Kashmir, Ladakh, Chandigarh, Delhi

D. Filing Form GSTR-1:

Tax period

Due Date

Remarks

July to September, 2020

Quarterly return

31.10.2020

Taxxpayers having an aggregate turnover of Up to than Rs. 1.50 Crores (< Rs 1.50 Cr) or opted to file Quarterly Return

Monthly return

11.10.2020

Taxpayers having an aggregate turnover of More than Rs. 1.50 Crores (> Rs 1.50 Cr) or opted to file Monthly Return

E. Compliances for Composition taxpayers

Form No.

Compliance Particulars

Due Date (New)

GST CMP-08

2nd Quarter – July to September 2020

18.10.2020

GSTR-4

The yearly return for 2019-20 shall be required to be filed in Form GSTR 4

31.10.2020

GSTR-4

Annual Return by Composition Dealer for the F/Y 2019-2020

31.10.2020

F. Non Resident Tax Payers, ISD, TDS & TCS Taxpayers

Form No.

Compliance Particulars

Timeline

Due Date

GSTR-5 & 5A

Non-resident ODIAR services provider file Monthly GST Return

20th of succeeding month

20.10.2020

GSTR -6

Every Input Service Distributor (ISD)

13th of succeeding month

13.10.2020

GSTR -7

Return for Tax Deducted at source to be filed by Tax Deductor

10th of succeeding month

10.10.2020

GSTR -8

E-Commerce operator registered under GST liable to TCS

10th of succeeding month

10.10.2020

G. GST Annual Returns:

Form No.

Compliance Particulars

Due Date (New)

GSTR-9A (2018-19)

Annual return

31.10.2020

GSTR-9 (2018-19)

Taxpayers having an aggregate turnover of more than Rs. 2 Crores or opted to file Annual Return.

31.10.2020

GSTR-9C (2018-19)

Reconciliation Statement/ Audit Report for Taxpayers having a Turnover of more than Rs. 5 crores.

31.10.2020

Key UPDATE(s):

1. E Invoice mandatory for taxpayers whose Aggregate Turnover in any of the previous financial year from 2017-18 onwards is more than Rs 500 crore. (Notification No. 60, 61 & 70/2020 CT; Dated 30th July 2020) from 1 Oct 2020.

CBIC notifies registered person, other than a Special Economic Zone unit and those referred to in sub-rules (2), (3), (4) and (4A) of rule 54 of the said rules, whose aggregate turnover in any preceding financial year from 2017-18 onwards exceeds Five hundred crore rupees, as a class of registered person who shall prepare invoice and other prescribed documents, in terms of sub-rule (4) of rule 48 of the said rules in respect of supply of goods or services or both to a registered person or for exports.

2. Implementation of the Dynamic QR Code for B2C invoices extended till 01.12.2020.

Where registered person having turnover in excess of INR 500 crore, makes supply to an unregistered person (i.e. B2C supply) then invoices shall contain QR Code. [Notification No. 72/2019 – CT dated 13th December, 2019] (subject to certain exceptions).

The said provisions were to be applicable w.e.f. 1st October, 2020. Amidst COVID – 19, the CBIC has decided to further defer the same and make it effective from 1st December, 2020

3. CBIC extends exemption on transportation Services of goods to a place outside India

CBIC extends exemptions on supply Services by way of transportation of goods by an aircraft from customs station of clearance in India to a place outside India and Services by way of transportation of goods by a vessel from customs station of clearance in India to a place outside India under CGST Act till 30th day of September, 2021

4. One time relaxation in implementation of E-Invoice Provisions for the month of October, 2020

In the initial phase of implementation of e-invoice, it has been decided that the invoices issued by such taxpayers during October 2020 without following the manner prescribed under rule 48(4), shall be deemed to be valid and the penalty leviable under section 122of the CGST Act, 2017, for such non-adherence to provisions, shall stand waived if the Invoice Reference Number (IRN) for such invoices is obtained from the Invoice Reference Portal (IRP) within 30 days of date of invoice.

5. New functionalities made available for TCS and Composition taxpayers

i) Provision to make amendment, multiple times, in Table 4 of Form GSTR-8

ii) TCS facility extended to composition taxpayers

Read full circular at : Click here

GST UPDATES from 01.09.2020 to 30.09.2020:

Sl. No.

Notification(s)

Notification No.

Link(s)

1.

Seeks to amend notification no. 35/2020-Central Tax dt. 03.04.2020 to extend due date of compliance under Section 171 which falls during the period from "20.03.2020 to 29.11.2020" till 30.11.2020

Notification No. 65/2020 – Central Tax

LINK

2.

the Delhi Goods and Services Tax (Amendment) Act, 2020.

 

LINK

3.

Amendment in the notification of the Government of India in the Ministry of Finance, No. 35/2020-Central Tax, dt. 03.04.2020,

CG-DL-E-21092020-221857

LINK

4.

Borrowing of money to meet GST revenue shortfall

Press Release ID: 1656927

LINK

5.

Seeks to give one time extension for the time limit provided under Section 31(7) of the CGST Act 2017 till 31.10.2020

66/2020-Central Tax dated 21.09.2020

LINK

6

Seeks to grant waiver / reduction in late fee for not furnishing FORM GSTR-4 for 2017-18 and 2018-19, subject to the condition that the returns are filled between 22.09.2020 to 31.10.2020.

67/2020-Central Tax dated 21.09.2020

LINK

7

Seeks to grant waiver / reduction in late fee for not furnishing FORM GSTR-10, subject to the condition that the returns are filled between 22.09.2020 to 31.12.2020.

68/2020-Central Tax dated 21.09.2020

LINK

8

Extension of CGST exemption on services by way of transportation of goods by air or by sea from customs station of clearance in India to a place outside India, by one year i.e. upto 30.09.2021.

04/2020-Central Tax (Rate) ,dt. 30-09-2020

LINK

9

Seeks to amend notification no. 41/2020-Central Tax dt. 05.05.2020 to extend due date of return under Section 44 till 31.10.2020

69/2020-Central Tax dated 30.09.2020

LINK

10

Seeks to amend notification no. 13/2020-Central Tax dt. 21.03.2020.

70/2020-Central Tax dated 30.09.2020

LINK

11

Seeks to amend notification 14/2020- Central Tax to extend the date of implementation of the Dynamic QR Code for B2C invoices till 01.12.2020.

71/2020-Central Tax dated 30.09.2020

LINK

12

Seeks to notify a special procedure for taxpayers for issuance of e-Invoices in the period 01.10.2020 - 31.10.2020.

73/2020-Central Tax dated 01.10.2020

LINK

13

Seeks to make the Eleventh amendment (2020) to the CGST Rules.

72/2020-Central Tax dated 30.09.2020

LINK

3. Compliances under FEMA / RBI

Applicable Laws/Acts

Due Dates

Compliance Particulars

Forms / (Filing mode)

FEMA ACT 1999

15.10.2020*

(*extended – received an email regarding this )

Annual Return on Foreign liabilities and assets: The FLA return is required to be submitted by the companies who have received Foreign direct investment (FDI) and/or made Foreign direct investment abroad in the previous year(s) including the current year

FLA Return

FEMA ACT 1999

Monthly Basis

External Commercial Borrowings: Borrowers are required to report all ECB transactions to the RBI on a monthly basis through an AD Category – I Bank in the form of ‘ECB 2 Return’.

ECB 2 Return

FEMA ACT 1999

Not later than 30 days from the date of issue of Capital instrument

FC-GPR is a form filed when the Indian company receives the Foreign Direct Investment and the company allots shares to a person resident outside India.

Form FC-GPR

FEMA ACT 1999

With in 60 days of receipt/ remittance of funds or transfer of capital instruments whichever is earlier.

Reporting of transfer of shares and other eligible securities between residents and non-residents and vice- versa is to be made in Form FC-TRS.

The onus of reporting shall be on the resident transferor/ transferee.

Form FC-TRS.

FEMA ACT 1999

within 30 days from the date of receipt of the amount of consideration.

A Limited Liability Partnership receiving amount of consideration and acquisition of profit shares is required to submit a report in the Form FDI LLP-1

Form FDI LLP-I

FEMA ACT 1999

within 60 days from the date of receipt of funds in

A Limited liability Partnership shall report disinvestment/ transfer of capital contribution or profit share between a resident and a non resident (or vice versa)

Form FDI LLP-II

FEMA ACT 1999

within 30 days from the date of allotment of capital instruments

The domestic custodian shall report the issue/ transfer/ of sponsored/ unsponsored depository receipts

Downstream statement -Form DI

Important Updates:

A. Procedure for revision of current year FLA return:

The reporting entity need to take approval from RBI in case of revision of duly submitted current year FLA return. Visit https://flair.rbi.org.in/fla → Login to FLAIR → Click ' Please click here to get the approval to fill revised FLA form for current year' → select "Year" → Click 'Request'. After sending request to RBI through FLA portal, entities need to wait for at least one working day for approval. Entities can check the status of their request in 'Multiple Year Enable Screen' under menu on the left corner. Once approved by RBI, the entity can revise FLA return for current year.

B. Compliance functions in banks and Role of Chief Compliance Officer (CCO)

As part of robust compliance system, banks are required, inter-alia, to have an effective compliance culture, independent corporate compliance function and a strong compliance risk management programme at bank and group level. Such an independent compliance function is required to be headed by a designated Chief Compliance Officer (CCO) selected through a suitable process with an appropriate ‘fit and proper’ evaluation/selection criteria to manage compliance risk effectively.

The duties and responsibilities of the compliance function - These shall include at least the following activities:

  • To apprise the Board and senior management on regulations, rules and standards and any further developments.
  • To provide clarification on any compliance related issues.
  • To conduct assessment of the compliance risk (at least once a year) and to develop a risk-oriented activity plan for compliance assessment. The activity plan should be submitted to the ACB for approval and be made available to the internal audit.
  • To report promptly to the Board / ACB / MD & CEO about any major changes / observations relating to the compliance risk.
  • To periodically report on compliance failures/breaches to the Board/ACB and circulating to the concerned functional heads.
  • To monitor and periodically test compliance by performing sufficient and representative compliance testing. The results of the compliance testing should be placed to Board/ACB/MD & CEO.
  • To examine sustenance of compliance as an integral part of compliance testing and annual compliance assessment exercise.
  • To ensure compliance of Supervisory observations made by RBI and/or any other directions in both letter and spirit in a time bound and sustainable manner.

Read full circular on the above: Click here

RBI Circulars / Notifications:

S. N.

Particulars of the Circulars

Link

1

Basel III Capital Regulations - Review of transitional arrangements

Click here

2

Exclusion of 'Allahabad Bank' from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as banking company

Click here

3

Exclusion of 'Oriental Bank of Commerce' and 'United Bank of India' from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as banking company

Click Here

4

Developments in India’s Balance of Payments during the First Quarter (April-June) of 2020-21

Click Here

5

Extension of Interim Relaxation in WMA limits and OD regulations

Click Here

6

RBI cancels Certificate of Registration of Nineteen NBFCs

Click here

7

Nine NBFCs surrender their Certificate of Registration to RBI

Click Here

8

RBI Announces Measures to Foster Orderly Market Conditions

Click Here

9

RBI Announces Special Open Market Operations (OMO) Simultaneous Purchase and Sale of Government of India Securities

Click Here

10.

Sectoral Deployment of Bank Credit – July 2020

Click Here

11.

Treasury Bills: Full Auction Result

Click Here

12

Underwriting Auction for sale of Government Securities for ₹ 30,000 cr on September 4, 2020

Click Here

13

RBI Releases Revised Priority Sector Lending Guidelines

Click Here

14

Option of repaying the funds borrowed under Long Term Repo Operations (LTROs) before maturity

Click Here

15

Master Directions – Priority Sector Lending (PSL) – Targets and Classification

Click Here

16

Exclusion of 'Westpac Banking Corporation' from the Second Schedule to the Reserve Bank of India Act, 1934

Click Here

17

RBI releases Draft Variation Margin (Reserve Bank) Directions, 2020 under Section 45 W of the RBI Act, 1934

Click here

18

Report of the Expert Committee on Resolution Framework for Covid-19 related Stress

Click Here

19

Result of Yield/Price Based Auction of State Development Loans of State Governments

Click Here

20

Award scheme for writing books originally in Hindi on Economics/Banking/Financial subjects

Click Here

21

Measuring Productivity at the Industry Level – The India KLEMS Database

Click Here

22

RBI Bulletin - September 2020

Click Here

23

Resolution Framework for COVID-19-related Stress – Financial Parameters

Click Here

24

FDI IN DEFENCE SECTOR

Click here

25

Banking facilities in rural areas

Click here

26

Reserve Bank of India – Bulletin Weekly Statistical Supplement

Click Here

27

RBI Announces Special Open Market Operations (OMO) Simultaneous Purchase and Sale of Government of India Securities

Click Here

28

Overseas Direct Investment for August 2020

Click Here

29

RBI releases Draft Rupee Interest Rate Derivatives (Reserve Bank) Directions, 2020 under Section 45 W of the RBI Act, 1934

Click Here

30

Treasury Bills: Full Auction Result

Click Here

31

Conversion/Switch of Government of India (GoI)’s Securities

Click Here

32

RBI announces Open Market Operations (OMO) Purchase of Government of India Securities

Click Here

33

Reserve Bank of India – Bulletin Weekly Statistical Supplement – Extract

Click Here

34

Automation of Income Recognition, Asset Classification and Provisioning processes in banks

Click Here

35

Exim Bank's Government of India supported Line of Credit (LoC) of USD 215.68 million to the Government of the Republic of Malawi

Click Here

36

Master Circular – Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM)

Click Here

4. Requirement UNDER Companies Act, 2013 and Rules made thereunder;

Applicable Laws/Acts

Due Dates

Compliance Particulars

Forms / Filing mode

Companies Act, 2013

Within 180 Days From The Date Of Incorporation Of The Company + An additional time of 6 more months shall be allowed by MCA

(6+6 months)

As per Section 10 A (Commencement of Business) of the Companies Act, 2013, inserted vide the Companies (Amendment) Ordinance, 2018 w.e.f. 2nd November, 2018, a Company Incorporated after the ordinance and having share capital shall not commence its business or exercise any borrowing powers unless a declaration is filed by the Director within 180 days from the date of Incorporation of the Company with the ROC.

CLICK HERE

MCA E- Form INC 20A

(one time compliance)

(also covered under CFSS, 2020)

Companies Act, 2013

First declaration within 90 days from the date of notification Dt. 08.02.2019

A person having Significant beneficial owner shall file a declaration to the reporting company

http://www.mca.gov.in/Ministry/pdf/CompaniesOwnersAmendmentRules_08020219.pdf

i.e. within 90 days of the commencement of the Companies (Significant Beneficial Owners) Amendment Rules, 2019 i.e. 08.02.2019

In case Subsequent Acquisition of the title of Significant Beneficial Owner / Any Change therein a declaration in Form No. BEN-1 required to be filed to the reporting company, within 30 days of acquiring such significant beneficial ownership or any change therein.

Form BEN-1

Draft Format available at

LINK

Companies Act, 2013

31.12.2020

(Due Date Extended as covered under CFSS 2020 Scheme

Filing of form BEN-2 under the Companies (Significant Beneficial Owners) Rules, 2018.

(Within 30 days from deployment of the E –form (earlier the date of receipt of declaration in BEN-1 )

CLICK HERE

BEN -2 due date extended till 31.03.2020

Circulars Link:

CLICK HERE

Form BEN – 2

(e-form deployed by Ministry (ROC)) on 01.07.2019

Companies Act, 2013

File between 01.04.2020 to 31.12.2020 without any Additional filing fee (Rs. 10,000/-)

Filing of the particulars of the Company & its registered office.

(by every company incorporated on or before the 31.12.2017.)

Due date extended- Link :

CLICK HERE

Active Form

INC -22A

Companies Act, 2013

File between 01.04.2020 to 31.12.2020 without any Additional filing fee (Rs. 5,000/-)

*DIN KYC through DIR 3 KYC Form is an Annual Exercise.

Last date for filing DIR-3 KYC for Financial year 2018-19 has been extended till 14th November 2019

CLICK HERE

CLICK HERE

Annual Exercise:

CLICK HERE

Penalty after due date is Rs. 5000/-(one time)

E-Form DIR – 3 KYC

(Web Based and E-form)

Companies Act, 2013

within 60 days from the date of deployment of this form on the website of the

Ministry.

Reconciliation of Share Capital Audit Report (Half-yearly)

Pursuant to sub-rule Rule 9A (8) of Companies (Prospectus and Allotment of Securities) Rules, 2014

To be filed all unlisted companies, deemed public companies

Till further clarification to be filled in GNL-2

Applicable w.e.f. 30.09.2019

Extension Notification:

E-Form PAS – 6

Available w.e.f. 15.07.2020

(ICSI Representation sent to the ministry to include PAS-6 into CFSS)

Companies Act, 2013

Within 270 days from the date of deployment of this Form

Annual Return To Be Filed By Auditor With The National Financial Reporting Authority

CLICK HERE

CLICK HERE

Click Here

Note on NFRA -2 Click Here

NFRA-2

(NFRA-2 e-Form live since 9th December 2019.)

Companies Act, 2013

Due date was 30.06.2020 and can be filed till 31.12.2020 under Moratorium period / CFSS

DPT 3 is a return of deposits that companies must file to furnish information about deposits and/or outstanding receipt of loan or money other than deposits.

Company can file Form DPT-3 upto 31.12.2020 without any additional fee

DPT-3

KEY UPDATES:

The Companies Amendment Act, 2020

The Companies Amendment Act, 2020 is being introduced with an aim to promote greater ease of doing business by decriminalizing various non compoundable offences in case of defaults made under the Companies Act, 2013 and rules made there under.

The Companies (Amendment) Bill, 2020 was passed on 19th September , 2020 in the Lok Sabha with 72 changes made in 65 sections and decriminalization of certain offences under Companies Act, 2013. The Companies (Amendment) Bill, 2020 was passed in the Rajya Sabha on 22nd September, 2020. On 28th September, 2020- Received the assent of the President & published in the Gazette of India by Ministry Of Law And Justice (Legislative Department) and become an Act called 'The Companies (Amendment) Act, 2020'.

Copy of the Companies (Amendment) Act, 2020 is available at: Click here

Important Updates

MCA Monthly UPdate Calendar: September- 2020

Sl. No.

Particulars of the Circulars

Link

1

Extension of Companies Fresh Start Scheme, 2020 till 31.12.2020

Click here

2

Extension of time- LLP Settlement Scheme, 2020 till 31.12.2020

Click here

3

Extension of time - Scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013-.

Click Here

4

Extension of time for EGM through Video Conference (V)C or Other Audio Visual Means (OAVM) or passing of certain items only through postal ballot without convening general meeting -

Click here

5.

Independent Directors Registration date Extended till 31.12.2020:

The Ministry of Corporate Affairs has also extended the time within which Independent Directors of companies have to register themselves on the databank maintained by the IICA from 30.09.2020 to 31.12.2020.

Click here

6

The timeline for receiving the proposals for Research studies on Corporate Governance has expired. It will be informed when applications are being accepted again.

Click here

7

MCA update on Extract on Annual Return (MGT – 9)

Click here

8

the Companies (Acceptance of Deposits) Amendment Rules, 2020.

Click here

9

Relaxation of additional fees and extension of last date of filing of CRA-4 (form for filing of cost audit report) for FY 2019-20 under the Companies Act, 2013

Click here

10

AGM Extension orders Uploaded for various ROC’s

Click here

11

Extension of deadlines for various compliances under Companies Act

Click here

12

SPICe+ Portal deployed by MCA

Click here

13

Relaxation/concession provided to Companies/LLPs during Lockdown period to combat COVID-19

Click here

14

Extension of deadlines for various compliances under Companies Act

Click here

5. Compliance under Other Statutory LAws

Applicable Laws/Acts

Due Dates

Compliance Particulars

Forms / (Filing mode)

EPF (The Employees’ Provident Funds And Miscellaneous Provisions Act, 1952)

15.10.2020

PF Payment

ECR

ESIC (Employees' State Insurance Act, 1948)

15.10.2020

ESIC Payment

ESI Challan

Contract Labour (Regulation &Abolition) Act, 1970

Within 15 Days of commencement/ completion of contract work

Return/Notice within 15 days of commencement/ completion of each contract by the Principal employer

Form VI-B

Payment of Gratuity Rule

Within 30 Days of applicability of the Act & any change

Notice of applicability of the Act & any change

Form A or B

Key Update:

1. From 15th Feb.,2020, new Companies registered through MCA Portal, www.mca.gov.in need not comply with provisions of ESI Act till they reach threshold limit of ESI coverage or initial 6 months whichever is earlier. For further details login to ' www.esic.in . Submission of Mobile Number and Bank Account details(Bank Name, Branch Name & IFSC) shall be mandatory for registration of New employee. For more updates: Click here

2. Labour ministry clarification: Changes in labour laws will not trigger rampant hiring and firing of workers

Parliament had last week passed the three labour bills related to industrial relation, social security and occupational safety, health and working conditions. Following this, all trade unions including the RSS-affiliate Bhartiya Mazdoor Sangh have opposed the bills saying they will firm up plans to protest against these bills in coming days.

the ministry said that fixed-term employment has already been notified by the central government and 14 other states.

'The migrant workers will also be able to enjoy the benefits of portability in respect of ration and avail benefits from building and other construction cess,' it said, adding that they will also get all other benefits of ESIC, EPFO and annual medical check-up etc.

3. 15 states seek approval for changes in three labour laws from Centre

According to minister labour minister Santosh Gangwar, reforms in labour laws is a continuous process. Therefore, Central and State Governments strive on a regular basis to update the legislative system as per the need of the hour.

As many as 15 states have reached out to the Centre seeking approval for changes in three labour laws in order to significantly improve the ease of doing business in the country and attract more and more investors into their states.

These include Arunachal Pradesh, Assam, Bihar, Chhattisgarh, Goa, Gujarat, Haryana, Himachal Pradesh, Karnataka, Madhya Pradesh, Odisha, Punjab, Tripura, Uttarakhand and Uttar Pradesh.

Updates TRACKER under Labour Laws:

Sl. No.

Particulars

Link

1

670 new electric buses and 241 charging stations sanctioned under FAME scheme

Click here

2

More than a million mandays of employment generated by Indian Railways under Garib Kalyan Rozgar Abhiyaan

Click here

3

Distribution of Free Foodgrains and Pulses to Migrant Labourers

Click here

4

Lok Sabha passes 3 Historic and path breaking Labour Codes

Shri Gangwar elaborates several ‘Game Changer’ labour welfare provisions in the Labour Codes

Social Security net of ESIC and EPFO to Widen opening up for all workers and self-employed

Click here

5

Government had endeavoured to balance the rights and obligations of employees and the employers in the Labour Codes : Shri Gangwar

Click here

6

13.63 Lakh Children Mainstreamed through Special Training Centers Set Up Under NCLP: Shri Gangwar

Click here

7

Relief Package for Unemployed Labourers

Click here

8

President Kovind gives nod to 3 farm bills cleared by Parliament

Click here

9

Package to Check Unemployment Rate

Click here

10

Launch of virtual hearing in quasi-judicial cases under EPF & MP Act, 1952 heralds an era of providing expeditious and affordable adjudication

Click here

11

Increase in Employment under MGNREGA

Click here

12

Implementation of MGNREGS during COVID-19 Pandemic

Click here

13

Garib Kalyan Rojgar Abhiyan

Click here

14

Union Government has taken unprecedented measures for labour welfare and employment generation across India during Covid-19 pandemic

Click here

15

Steps taken to ensure safety of healthcare and other health workers of hospitals

Click here

16

ESIC issues instructions for submission of claims for Unemployment Benefit under Atal Bimit Kalyan Yojana

Click here

17

Measures for welfare of Pensioners during COVID-19

Click here

18

Contract for Old Pension Scheme

Click here

19

All-India Consumer Price Index Numbers for Agricultural And Rural Labourers – August, 2020

Click Here

20

Job Cards to Migrant Labourers and Employed Workers

Click Here

21

Shri Gangwar Introduces Three Labour Codes in Lok Sabha Heralding The Path of Game Changing Labour Welfare Reforms in The Country

Click Here

22

Monitoring of Welfare Measures

Click here

23

Reimbursement of OPD medicines Special sanction in view of Covid 19

Click here

24

Permission for conducting Personal Hearing in the cases registered u/s 45AA through video conferencing.

Click here

25

Submission of Revised Estimates 2020-2021 and Budget Estimates 2021-2022

Click here

6. SEBI – Securities Exchange Board of INDIA

Compliance Requirement under SEBI (Listing Obligations and Disclosure Requirements) (LODR) Regulations, 2015

FILING MODE(s) :
· For BSE : BSE LISTING CENTRE
· For NSE : NEAPS Portal

Half Yearly Compliances

Sl. No.

Regulation No.

Compliance Particular

Compliance Period

(Due Date)

Due Date

1.

Regulation 7(3)

Share Transfer Agent.

Listed entity to submit a COMPLIANCE CERTIFICATE within one month of end of half Financial Year to certify maintenance of physical and electronic transfer facility.

31/10/2020

2.

Regulation 33*

Quarterly / Annually

Relating to Financial Results

Un audited Financial Results within 45 days & Audited finance within 60 days

14/11/2020

2.1

Regulation 23(9)

Related party transactions.

The listed entity shall submit within 30 days from the date of publication of its standalone and consolidated financial results for the half year, disclosures of related party transactions on a consolidated basis, in the format specified in the relevant accounting standards for annual results to the stock exchanges and publish the same on its website

Within 30 days of FR

3.

Regulation 40(9) & (10)

/ Regulation 61(4)

Transfer or transmission or transposition of securities.

The listed entity shall ensure that the share transfer agent and/or the in-house share transfer facility, as the case may be, produces a certificate from a practicing company secretary within one month of the end of each half of the financial year, certifying that all certificates have been issued within thirty days of the date of lodgement for transfer, sub-division, consolidation, renewal, exchange or endorsement of calls/allotment monies. & The listed entity shall ensure that certificate mentioned at sub-regulation (9), shall be filed with the stock exchange(s) simultaneously.

Note: Reg 61(4) :The listed entity shall comply with requirements as specified in regulation 40 for transfer of securities including procedural requirements specified in Schedule VII.

31/10/2020

4.

Regulation 52(1)*

Financial Results.

The listed entity shall prepare and submit un-audited or audited financial results on a half yearly basis in the format as specified by the Board within forty five days from the end of the half year to the recognised stock exchange(s).

14/11/2020

5.

Regulation 52(2)*

Financial Results.

if the listed entity intimates in advance to the stock exchange(s) that it shall submit to the stock exchange(s) its annual audited results within sixty days from the end of the financial year, un-audited financial results for the last half year accompanied by limited review report by the auditors need not be submitted to stock exchange(s).

30/11/2020

*as on 30/09/2020 there is no circular for extension of Financial Result for September Quarter

v Regular / Annual Compliance

REG NO

REGULATION NO

PARTICULARS

TIMELINE

47 Advertisements in Newspapers.

47 (3) Advertisements in Newspapers

Financial results at 47 clause (b) of sub-regulation (1), shall be published within 48 hours of conclusion of the meeting of board of directors at which the financial results were approved.

48 HOURS

23 Related party transactions.

Reg 23(9) Related party transactions

The listed entity shall submit within 30 days from the date of publication of its standalone and consolidated financial results for the half year, disclosures of related party transactions on a consolidated basis, in the format specified in the relevant accounting standards for annual results to the stock exchanges and publish the same on its website

30 days

24A Secretarial Audit.

Red 24A

Every listed entity and its material unlisted subsidiaries incorporated in India shall undertake secretarial audit and shall annex with its annual report, a secretarial audit report, given by a company secretary in practice, in such form as may be specified with effect from the year ended March 31, 2019. (within 60 days from the Closure of FY)

60 days from the Closure of FY

36 Documents & Information to shareholders.

36(1)

The listed entity shall send annual report referred to in sub-regulation 36(1), to the holders of securities, not less than twenty-one days before the annual general meeting

21 days before AGM

46 Website

46(2)(s)

The listed entity shall disseminate the following information under a separate section on its website separate audited financial statements of each subsidiary of the listed entity in respect of a relevant financial year, uploaded at least 21 days prior to the date of the annual general meeting which has been called to inter alia consider accounts of that financial year.]

21 days prior 1 days prior to the date of AGM

COMPLIANCE ON IMPACT OF COVID 19:Reg 4(2)(e),30,33,51

Advisory on disclosure of material impact of COVID-19 pandemic on listed entities under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: Link

Quarterly compliance which included half year compliance except FR

REG NO

REGULATION NO

PARTICULARS

TIMELINE

Grievance Redressal Mechanism.

Reg 13 (3)

The listed entity shall file with the recognised stock exchange(s) on a quarterly basis, within twenty one days from the end of each quarter, a statement giving the number of investor complaints pending at the beginning of the quarter, those received during the quarter, disposed of during the quarter and those remaining unresolved at the end of the quarter.

21 Days

21/10/2020

Other corporate governance requirements.

Reg 27(2)

The listed entity shall submit a quarterly compliance report on corporate governance in the format as specified by the Board from time to time to the recognised stock exchange(s) within fifteen days from close of the quarter.

15 days

15/10/2020

Intimation

Reg 29 read with Reg 33

intimation regarding item specified in clause 29(1) (a) to be discussed at the meeting of board of directors shall be given at least five days in advance (excluding the date of the intimation and date of the meeting), and such intimation shall include the date of such meeting of board of directors

at least 5 working days in advance, excluding the date of the intimation and date of the meeting

Shareholding Pattern

Reg 31 (1)(b)

The listed entity shall submit to the stock exchange(s) a statement showing holding of securities and shareholding pattern separately for each class of securities, in the format specified by the Board from time to time within the following timelines - on a quarterly basis, within twenty one days from the end of each quarter;

21 days of each quarter

21/10/2020

Indian Depository Receipt holding pattern & Shareholding details.

69(1)

The listed entity shall file with the stock exchange the Indian Depository Receipt holding pattern on a quarterly basis within fifteen days of end of the quarter in the format specified by the Board.

15 days from end of each quarter

15/10/2020

Intimations and Disclosure of events or information to Stock Exchanges.

87B: Intimations and Disclosure of events or information to Stock Exchanges. READ WITH PART E OF Schedule III

The listed entity shall first disclose to stock exchange(s) of all events or information, as specified in Part E of Schedule III, as soon as reasonably possible but not later than twenty four hours from occurrence of the event or information:

24 HOURS

Valuation, Rating and NAV disclosure.

87C(1) (iii)

An issuer whose security receipts are listed on a stock exchange shall ensure that: the net asset value is calculated on the basis of such independent valuation and the same is declared by the asset reconstruction company within fifteen days of the end of the quarter.

15 Days

           

  Event based Compliances

30 Disclosure of events or information.

30(6) AND Part A of Schedule III

The listed entity shall first disclose to stock exchange(s) of all events, as specified in Part A of Schedule III, or information as soon as reasonably possible and not later than twenty four hours from the occurrence of event or information

24 HOURS

30 Disclosure of events or information.

30(6) AND sub-para 4 of Para A of Part A of Schedule III

The listed entity shall disclose to the Exchange(s), within 30 minutes of the closure of the meeting held to consider the following:
a) dividends and/or cash bonuses recommended or declared or the decision to pass any dividend and the date on which dividend shall be paid/dispatched;
b) any cancellation of dividend with reasons thereof;
c) the decision on buyback of securities;
d) the decision with respect to fund raising proposed to be undertaken
e) increase in capital by issue of bonus shares through capitalization including the date on which such bonus shares shall be credited/dispatched;
f) reissue of forfeited shares or securities, or the issue of shares or securities held in reserve for future issue or the creation in any form or manner of new shares or securities or any other rights, privileges or benefits to subscribe to;
g) short particulars of any other alterations of capital, including calls;

h) financial results;

i) decision on voluntary delisting by the listed entity from stock exchange(s).

30 MINUTES

31A: Conditions for re-classification of any person as promoter / public

31A(8)

The following events shall deemed to be material events and shall be disclosed by the listed entity to the stock exchanges as soon as reasonably possible and not later than twenty four hours from the occurrence of the event:
(a) receipt of request for re-classification by the listed entity from the promoter(s) seeking re-classification;
(b) minutes of the board meeting considering such request which would include the views of the board on the request;
(c) submission of application for re-classification of status as promoter/public by the listed entity to the stock exchanges;
(d) decision of the stock exchanges on such application as communicated to the listed entity;

24 HOURS

34 Annual Report.

34(1)(b)

in the event of any changes to the annual report, the revised copy along with the details of and explanation for the changes shall be sent not later than 48 hours after the annual general meeting.]

48 HOURS

44 Meetings of shareholders and voting

44(3)

The listed entity shall submit to the stock exchange, within forty eight hours of conclusion of its General Meeting, details regarding the voting results in the format specified by the Board.

48 HOURS

47 Advertisements in Newspapers.

47 (3) Advertisements in Newspapers

The listed entity shall publish the information specified in 47(1) in the newspaper simultaneously with the submission of the same to the stock exchange(s). The same is reproduced below
47(1) (a) notice of meeting of the board of directors where financial results shall be discussed (c )statements of deviation(s) or variation(s) as specified in sub-regulation (1) of regulation 32 on quarterly basis, after review by audit committee and its explanation in directors report in annual report;
(d) notices given to shareholders by advertisement

Simultaneously

-

SCHEDULE III PART PART A 7(A)

resignation of the auditor of the listed entity, detailed reasons for resignation of auditor, as given by the said auditor, shall be disclosed by the listed entities to the stock exchanges as soon as possible but not later than twenty four hours of receipt of such reasons from the auditor

24 HOURS

-

SCHEDULE III PART PART A 7(B)

In case of resignation of an independent director of the listed entity, within seven days from the date of resignation, the following disclosures shall be made to the stock exchanges by the listed entities:
i. Detailed reasons for the resignation of independent directors as given by the said director shall be disclosed by the listed entities to the stock exchanges.
ii. The independent director shall, along with the detailed reasons, also provide a confirmation that there is no other material reasons other than those provided.
iii. The confirmation as provided by the independent director above shall also be disclosed by the listed entities to the stock exchanges along with the detailed reasons as specified in sub-clause (i) above.]

7 days from the date of resignation

7 Share Transfer Agent.

Reg 7(4) & (5) Share Transfer Agent.

The listed entity shall intimate any change or appointment of a new share transfer agent, to the stock exchange(s) within seven days of entering into the agreement.

7 DAYS

29

Reg 29(1)

The intimation required under 29 (1), shall be given at least two working days in advance, excluding the date of the intimation and date of the meeting Reg 29(1) is reproduced below: (b) proposal for buyback of securities ; (c) proposal for voluntary delisting by the listed entity from the stock exchange(s); (d) fund raising by way of further public offer, rights issue, American Depository Receipts/Global Depository Receipts/Foreign Currency Convertible Bonds, qualified institutions placement, debt issue, preferential issue or any other method and for determination of issue price:
Provided that intimation shall also be given in case of any annual general meeting or extraordinary general meeting or postal ballot that is proposed to be held for obtaining shareholder approval for further fund raising indicating type of issuance. (e) declaration/ recommendation of dividend, issue of convertible securities including convertible debentures or of debentures carrying a right to subscribe to equity shares or the passing over of dividend. (f) the proposal for declaration of bonus securities where such proposal is communicated to the board of directors of the listed entity as part of the agenda papers:

at least 2 working days in advance, excluding the date of the intimation and date of the meeting

31 Holding of specified securities and shareholding pattern.

Reg 31 (1)(a)

The listed entity shall submit to the stock exchange(s) a statement showing holding of securities and shareholding pattern separately for each class of securities, in the format specified by the Board from time to time -
one day prior to listing of its securities on the stock exchange(s);

1 day prior to listing of its securities on the stock exchange(s

31

Reg 31 (1 (c)

within ten days of any capital restructuring of the listed entity resulting in a change exceeding two per cent of the total paid-up share capital:

within 10 days of any capital restructuring

31A Conditions for re-classification of any person as promoter / public

Reg 31A

an application for re-classification of a promoter/ person belonging to promoter group to public to the stock exchanges has to be made by the listed entity consequent to the following procedures and not later than thirty days from the date of approval by shareholders in general meeting

30 days from the date of approval by shareholders in general meeting

37 Draft Scheme of Arrangement & Scheme of Arrangement.

37(1)

Draft Scheme of Arrangement & Scheme of Arrangement before for obtaining Observation Letter or No-objection letter, before filing such scheme with any Court or Tribunal, in terms of requirements specified by the Board or stock exchange(s) from time to time.

Before filling the same with any court or tribunal

39 Issuance of Certificates or Receipts/Letters/Advices for securities and dealing with unclaimed securities.

39(2)

The listed entity shall issue certificates or receipts or advices, as applicable, of subdivision, split, consolidation, renewal, exchanges, endorsements, issuance of duplicates thereof or issuance of new certificates or receipts or advices, as applicable, in cases of loss or old decrepit or worn out certificates or receipts or advices, as applicable within a period of thirty days from the date of such lodgement.

30 Days

39 Issuance of Certificates or Receipts/Letters/Advices for securities and dealing with unclaimed securities

39(3)

The listed entity shall submit information regarding loss of share certificates and issue of the duplicate certificates, to the stock exchange within two days of its getting information.

2 days of its getting information.

40 Transfer or transmission or transposition of securities.

40 (3)

On receipt of proper documentation, the listed entity shall register transfers of its securities in the name of the transferee(s) and issue certificates or receipts or advices, as applicable, of transfers; or issue any valid objection or intimation to the transferee or transferor, as the case may be, within a period of fifteen days from the date of such receipt of request for transfer

15 days

40 Transfer or transmission or transposition of securities.

40 (3)

the listed entity shall ensure that transmission requests are processed for securities held in dematerialized mode within seven days after receipt of the specified documents:

7 Days

40 Transfer or transmission or transposition of securities.

40 (3)

the listed entity shall ensure that transmission requests are processed for securities held in physical mode within twenty one days after receipt of the specified documents:

21 Days

-

SCHEDULE VII: TRANSFER OF SECURITIES (PART B (1))

In case of minor differences in the signature of the transferor(s), the listed entity shall follow the following procedure for registering transfer of securities:
(a) the listed entity shall promptly send to the first transferor(s), via speed post an intimation of the aforesaid defect in the documents and inform the transferor(s) that objection, supported by valid proof, is not lodged by the transferor(s) with the listed entity within fifteen days of receipt of the listed entity’s letter, then the securities shall be transferred

15 Days

42 Record Date or Date of closure of transfer books.

42(2)

The listed entity shall give notice in advance of atleast seven working days (excluding the date of intimation and the record date) to stock exchange(s) of record date specifying the purpose of the record date:

7 working days advance intimation excluding the date of the intimation and date of the meeting

42 Record Date or Date of closure of transfer books.

42(2)

in the case of rights issues, the listed entity shall give notice in advance of atleast three working days (excluding the date of intimation and the record date).]

3 working days advance intimation excluding the date of the intimation and date of the meeting

42 Record Date or Date of closure of transfer books.

42(3)

The listed entity shall recommend or declare all dividend and/or cash bonuses at least five working days (excluding the date of intimation and the record date) before the record date fixed for the purpose.

5 working days advance intimation excluding the date of the intimation and date of the meeting

46 Website

46 (3)(b)

The listed entity shall update any change in the content of its website within two working days from the date of such change in content.

2 working days

50 Intimation to stock exchange(s).

50(1)

The listed entity shall give prior intimation to the stock exchange(s) at least eleven working days before the date on and from which the interest on debentures and bonds, and redemption amount of redeemable shares or of debentures and bonds shall be payable.

11 working days

50 Intimation to stock exchange(s).

50(3)

The listed entity shall intimate to the stock exchange(s), at least two working days in advance, excluding the date of the intimation and date of the meeting, regarding the meeting of its board of directors, at which the recommendation or declaration of issue of non convertible debt securities or any other matter affecting the rights or interests of holders of non convertible debt securities or non convertible redeemable preference shares is proposed to be considered.

2 working days advance intimation excluding the date of the intimation and date of the meeting

52 Financial Results.

52 (4) & (5)

The listed entity shall, within seven working days from the date of submission of the information required under sub- regulation (4), submit to stock exchange(s), a certificate signed by debenture trustee that it has taken note of the contents

7 working days

52 Financial Results.

52 (4) & (8)

The listed entity shall, within two calendar days of the conclusion of the meeting of the board of directors, publish the financial results and statement referred to in reg 52 (4), in at least one English national daily newspaper circulating in the whole or substantially the whole of India.

two calendar days of the conclusion of the meeting

57 Other submissions to stock exchange(s).

57(1)

The listed entity shall submit a certificate to the stock exchange within two days of the interest or principal or both becoming due that it has made timely payment of interests or principal obligations or both in respect of the non convertible debt securities

within 2 days

60 Record Date

60(2)

The listed entity shall give notice in advance of at least seven working days (excluding the date of intimation and the record date) to the recognised stock exchange(s) of the record date or of as many days as the stock exchange(s) may agree to or require specifying the purpose of the record date.

7 working days advance intimation excluding the date of the intimation and date of the meeting

78 Record Date.

78(2)

The listed entity shall give notice in advance of at least four working days to the recognised stock exchange(s) of record date specifying the purpose of the record date

notice in advance of at least 4 working days

82 Intimation and filings with stock exchange(s).

82(2)

The listed entity shall intimate to the stock exchange(s), at least two working days in advance, excluding the date of the intimation and date of the meeting, regarding the meeting of its board of trustees, at which the recommendation or declaration of issue of securitized debt instruments or any other matter affecting the rights or interests of holders of securitized debt instruments is proposed to be considered.

2 working days in advance, excluding the date of the intimation and date of the meeting,

82 Intimation and filings with stock exchange(s).

82(3)

The listed entity shall submit such statements, reports or information including financial information pertaining to Schemes to stock exchange within seven days from the end of the month/ actual payment date, either by itself or through the servicer, on a monthly basis in the format as specified by the Board from time to time:
Provided that where periodicity of the receivables is not monthly, reporting shall be made for the relevant periods.

within 7 days

87 Record Date.

87(2)

The listed entity shall give notice in advance of atleast seven working days (excluding the date of intimation and the record date) to the recognised stock exchange(s) of the record date or of as many days as the Stock Exchange may agree to or require specifying the purpose of the record date

7 working days advance intimation excluding the date of the intimation and date of the meeting

87E Record Date.

87E(2)

The listed entity shall give notice in advance of at least seven working days (excluding the date of intimation and the record date) to the stock exchange(s) of the record date or of as many days as the stock exchange may agree to or require specifying the purpose of the record date.

7 working days advance intimation excluding the date of the intimation and date of the meeting

Few More SEBI (LODR) Relaxations:

Sl. No.

Compliance Particulars

Due Date

Extended Due Date

1.

Regulation 36 (1)(b) & (c) ;

Regulation 58 (1)(b) &(c)

Hard copy of the statement containing salient features of all the documents, as prescribed in Section 136 of the Companies Act, 2013 to the shareholders who have not registered their email addresses and hard copies of full annual reports to those shareholders, who request for the same

SEBI has dispensed with the requirement of dispatch of hard copies for all listed entities who conduct their AGM till December 31, 2020

2.

Regulation 44(4)

Proxy for general meetings

SEBI has dispensed with this requirement temporarily for all listed entities who conduct their AGM through electronic mode only till 31st December, 2020

3.

Regulation 12

Dividend warrants of cheques

SEBI has clarified that this requirement shall apply only once postal services resume normal operations. Where email addresses of shareholders are available, listed entities shall endeavour to obtain their bank account details and use the electronic modes of payment specified in Schedule I of the SEBI (LODR), Regulations, 2015.

5.

Clarification regarding the use of digital signatures

Authentication /certification of any filing /submission made to stock exchanges under LODR may be done using digital signature certifications until December 31, 2020

SYSTEM DRIVEN DISCLOSURE

FOR SAST AND PIT REG: Listed entities shall follow System Driven Disclosure by designating 1 Depository as Designated Depository and uploading the Formation of promoter. Promoter Group ,Designated Person, Directors, Employees not below 2 level (till 30/09/2020)

The Key Summary of System Driven Disclosure of Sep 9, 2020 ( Link ) is reproduced below:

'→. Listed company shall provide the information including PAN number of Promoter(s) including member(s) of the promoter group, designated person(s) and director(s) (hereinafter collectively referred to as entities) as per PIT Regulations to the designated depository (selected in terms of SEBI circular ref. no. SEBI/HO/CFD/DCR1/CIR/P/2018/85 dated May 28, 2018) in the format and manner prescribed by the Depositories. For PAN exempt entities, the Investor’s Demat account number(s) shall be specified by the listed company. The information shall be provided within 10 days from the date of this circular.

→. The designated depository shall share the information received from the listed company with other depository.

→. In case of any subsequent update in the details of the entities, the listed company shall update the information with the designated depository on the same day. The designated depository shall share the incremental changes with the other depository on the day of receipt from the listed company.'

Below is summary of circulars issued in this regards.

7. SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Securities and Exchange Board of India (SEBI) vide notification / Circular No. SEBI/HO/CFD/DCR1/CIR/P/2020/49 issued and publish dated 27th March 2020, has published Relaxation from compliance with certain provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 due to the COVID-19 pandemic.".

Sl. No.

Regulation No.

Compliance Particular

Compliance Period

(Due Date)

1

Regulation 30(1)

Every person, who together with persons acting in concert with him, holds shares or voting rights entitling him to exercise 25% or more of the voting rights in a target company, shall disclose their aggregate shareholding and voting rights as of the 31st day of March, in such target company in such form as may be specified.

Report as per the 2020 calendar are required to be filed by April 15, 2020

Due Date Extended

It has been decided by SEBI to extend the due date of filing disclosures, in terms of Regulations 30(1), 30(2) and 31(4) of the SAST Regulations for the financial year ending March 31, 2020 to June 01, 2020.

2

Regulation 30(2)

The promoter of every target company shall together with persons acting in concert with him, disclose their aggregate shareholding and voting rights as of the thirty-first day of March, in such target company in such form as may

3.

Regulation 31(1) read with Regulation 28(3) of Takeover Regulations

AUGUST 7, 2019 CIRCULAR

https://www.sebi.gov.in/legal/circulars/aug-2019/disclosure-of-reasons-for-encumbrance-by-promoter-of-listed-companies_43837.html

The promoter of every listed company shall specifically disclose detailed reasons for encumbrance if the combined encumbrance by the promoter along with PACs with him equals or exceeds: a) 50% of their shareholding in the company; or b) 20% of the total share capital of the company,

within 2 (two) working days

4.

Regulation 31(4)

Disclosure of encumbered shares

Promoter of every target company shall together with persons acting in concert with him, disclose their aggregate shareholding and voting rights as of the 31st March, in such target company in such form as may be specified

8. SEBI (Prohibition of Insider Trading) Regulations, 2015

Sl. No.

Regulation No.

Compliance Particular

Compliance Period

(Due Date)

1

Regulation 7(2)

'Continual Disclosures'

Every promoter, employee and director of every company shall disclose to the company the number of such securities acquired or disposed of within two trading days of such transaction if the value of the securities traded, whether in one transaction or a series of transactions over any calendar quarter, aggregates to a traded value in excess of ten lakh rupees (10,00,000/-) or such other value as may be specified;

Every company shall notify; within two trading days of receipt of the disclosure or from becoming aware of such information

9. SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018

Sl. No.

Regulation No.

Compliance Particular

Compliance Period

(Due Date)

1

Schedule XIX - Para (2) of ICDR

Read with Reg 108 of SEBI LODR

'The issuer shall make an application for listing from the date of allotment, within such period as may be specified by the Board from time to time, to one or more recognized stock exchange(s)'.

In regard to above, it is specified that Issuer shall make an application to the exchange/s for listing in case of further issue of equity shares from the

date of allotment within 20 days (unless otherwise specified).

Within 20 days from the date of allotment

2

Regulation 162

The tenure of the convertible securities of the issuer shall not exceed eighteen months from the date of their allotment.

Within 18 months from date of allotment

3

SEBI CIRCULAR

Aug 19, 2019

https://www.sebi.gov.in/legal/circulars/aug-2019/non-compliance-with-certain-provisions-of-sebi-issue-of-capital-and-disclosure-requirements-regulations-2018-icdr-regulations-_43941.html

Application for trading approval to the stock exchange Listed entities shall make an application for trading approval to the stock exchange/s within 7 working days from the date of grant of listing approval by the stock exchange/s.

Within 7 working days from grant of date of listing approval

4

Regulation 76

Application for rights issue

The issuer along with lead managers and other parties related to the issue shall constitute an optional mechanism (non-cash mode only) to accept the applications of the shareholders to apply to rights issue subject to ensuring that no third-party payments shall be allowed in respect of any application

5.

Regulation 77

Service of Documents

In case if the company fails to adhere to modes of dispatch through registered post or speed post or courier services due to Covid-19 conditions it will not be treated as non-compliance during the said period.

The issuers shall publish required & necessary documents on the websites of the company, registrar, stock exchanges and the lead managers to the rights issue

6

Regulation 84

Advertisement

Issuer has the flexibility to publish the advertisement in additional newspapers above those required in Regulation 84. The advertisement should also be made available on:

A. Website of the Issuer, Registrar, Lead Managers, and Stock Exchanges.

B. Television channels, radio, the internet, etc. to spread information related to the process.

7.

All offer documents filed until July 31, 2020

A. Authentication/ certification for offer documents can be done through DSC.

B. The issuer shall provide a procedure to inspect documents electronically

CIRCULAR DATED : APRIL 21,2020: the relaxation on change in fresh issue size shall be applicable for issues (IPO/ Rights Issues/ FPO) opening before December 31, 2020 ( Link )

Read with

Circular Dated 29/09/2020 Relaxation with respect to Validity of SEBI Observations and Revision in issue size ( Link ) w.e.f 01/10/2020

In view of the impact of the COVID-19 pandemic, based on representations from various industry bodies, SEBI has decided to grant the following onetime relaxations:

(i)In terms of Regulation 44(1), 85 and 140 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018(ICDR Regulations), a public issue/rights issue may be opened within twelve months from the date of issuance of observations by SEBI. The validity of the SEBI Observations where the same have expired/will expire between March1, 2020 and September 30, 2020 has been extended by 6 months, from the date of expiry of such observation, subject to an undertaking from lead manager of the issue on firming compliance with Schedule XVI of the ICDR Regulations while submitting the updated offer document to the Board.

(ii)In terms of Schedule XVI (1) (f)(i) of the ICDR Regulations, 2018 any increase or decrease in estimated fresh issue size by more than twenty percent of the estimated fresh issue size shall require fresh filing of the draft offer document along with fees.

An issuer shall be permitted to increase or decrease the fresh issue size by up to 50% of the estimated issue size without requiring to file fresh draft offer document with the Board subject to following conditions: (a)there has been no change in the objects of the issue(b)the lead manager undertakes that the draft offer document is in compliance with provisions of Regulation 7(1)(e)(c)the lead manager shall ensure that all appropriate changes are made to the relevant section of DRHP and an addendum, in this regard, shall be made public

This shall continue till 31/03/2021 (Added in circular 29/09/2020)

the validity of the SEBI observations expiringbetween October 1, 2020 and March 31,2021 shall beextended upto March 31, 2021, subject to an undertaking from lead manager tothe issue confirming compliance with Schedule XVI of the ICDR Regulations, 2018while submitting the updated offer document to the Board

(Added in circular 29/09/2020)

10. SEBI (Buyback of Securities) Regulations, 2018 (Buyback Regulations)

Sl. No.

Regulation No.

Compliance Particular

Compliance Period

(Due Date)

1

Regulation 11 and 24(iv)

Extinguishment of equity shares in connection with Buyback The particulars of the security certificates extinguished and destroyed shall be furnished by the company to the stock exchanges where the shares or other specified securities of the company are listed within seven days of extinguishment and destruction of the certificates

7 days of extinguishment and destruction of the certificates

2

Regulation 24(i) (f)

Minimum time between buy back and raising of funds

Temporary relaxation in the period of restriction

provided in Regulation 24(i)(f) from 'one year' to 'six months'

Applicable up to December 31, 2020 only

11. SEBI (Depositories and Participants) Regulations 2018)

Sl. No.

Compliance Particulars

Due Date

1.

Regulation 76

Reconciliation of Shares and Capital Audit

30.10.2020

2.

Regulation 74 (5): Processing of demat requests form by Issuer/RTAs - Certificate Received from Registrar

Within 15 days of receipt of the certificate of security

12. MUTUAL FUND

 Review of provision regarding segregation of portfolio due to the COVID -19 pandemic: if the CRA is of the view that the restructuring by the lenders/ investors is solely due to COVID-19 related stress or under the aforementioned RBI framework, CRAs may not consider the same as a default event and/or recognize default . Considering the above and in partial modification to aforementioned circular dated December 28, 2018,the date of proposal for restructuring of debt received by AMCs shall be treated as the trigger date for the purpose of creation of segregated portfolio. Further, all other relevantprovisions of CircularNo. SEBI/HO/IMD/DF2/CIR/P/2018/160 dated December 28, 2018 and Circular No. SEBI/HO/IMD/DF2/CIR/P/2019/127 dated November 07, 2019 issued with respect to Segregation of Portfolioand the letter No. SEBI/HO/IMD/DF2/OW/2019/22447/1 dated August 29, 2019issued with respect to Prudential Framework for Resolutionof Stressed Assetsshall remain applicable.7.The modifications permitted to SEBI circular dated December 28, 2018 shall be in force till December 31, 2020 ( Link )

Review of provisions regarding valuation of debt and money market instruments due to the COVID -19 pandemic.: In line with the same, discretion needs to be provided to valuation agencies engaged byAMCs/AMFI for recognition of default in caseproposal ofrestructuringof debtis solely due to COVID-19 related stress. For the said purpose, any proposal of restructuring received by Debenture Trustees shall be communicated to investors immediately. Further, any proposal received by Mutual Funds from lenders/issuer/Debenture Trustees shall be reported immediately to the valuation agencies (along with the other material information required for the purpose of valuation), Credit Rating Agencies and AMFI. AMFI, on receipt of such information, shall immediately disseminateit to its members . The modifications permitted to SEBI Circular dated September 24, 2019 shall be in force till December 31, 2020. ( Link)

SEBI Circulars Tracker: 01.09.2020 to 30.09.2020

Sl. No.

Particulars

Link

1

Notice of Adjournment of sale of immovable properties of Asurre Agrowtech Limited

Click here

2

Appeal No. 3870 of 2020 filed by Anil Sharma

Click here

3

Adjudication order in respect of 6 entities in the matter of Ramchandra Leasing and Finance Ltd.

Click Here

4

Data relating to activities of Alternative Investment Funds (AIFs)

Click Here

5

Adjudication Order in the matter of Pathway Finance Societe A Responsabilite Limitee

Click Here

6.

Temporary relaxation in processing of documents pertaining to FPIs due to COVID-19

Click Here

7.

Relaxation from default recognition due to restructuring of debt

Click Here

8.

Adjudication order in respect of Amtek Auto Limited

Click Here

9.

Debt Offer Document- KOSAMATTAM FINANCE LIMITED– Draft Prospectus

Click Here

10.

Buyback - Sterlite Technologies Limited - Post Buy-Back Public Announcement

Click Here

11.

Review of debt and money market securities transactions disclosure

Click Here

12.

Informal Guidance - In the matter of Raghav Commercial Limited under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and SEBI (Prohibition of Insider Trading) Regulations, 2015.

Click Here

13.

Review of provision regarding segregation of portfolio due to the COVID – 19 Pandemic

Click Here

14.

Circular on Re-lodgement of Transfer Requests Shares

Click Here

15.

Circular on Entities permitted to undertake e-KYC Aadhaar Authentication service of UIDAI in Securities Market – Addition of NSE to the list

Click Here

16.

Monthly SEBI Bulletin: August 2020

Click Here

17

Order in the matter of Delisting of Equity Shares of Aaradhana Realties Limited

Click Here

18

Releasing Order of Mukerian Papers Ltd. in the matter of Non redressal of investor complaints: Certificate No. 64 of 2014

Click Here

19

Press Release: Re-lodgement of Transfer Requests of Shares

Click Here

20

Operating Guidelines for Portfolio Managers in International Financial Services Centre

Click Here

21

Automation of Continual Disclosures under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015 - System driven disclosures

Click Here

22

Unserved Show cause Notices in the matter of Secunderabad Healthcare Limited

Click Here

23

Circular on Asset Allocation of Multi Cap Funds

Click Here

24

Consultation Paper on review of SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015

Click Here

25

Clarification pursuant to Circular dated September 11, 2020 - Regarding Asset Allocation of Multi Cap Schemes of Mutual Funds

Click here

26

Collection and Reporting of Margins by Trading Member (TM) / Clearing Member (CM) in Cash Segment – Clarification

Click Here

27

Regulatory measures to continue

Click Here

28

Extension of time for sharing information by listed companies relating to System driven disclosures. Extended till 30 September 2020

Click Here

29

Extension of Timeline for submission of public comments on the Formats for Business Responsibility and Sustainability Reporting

Click Here

30

Ad interim ex parte order cum Show Cause Notice in the matter of Kalyani and Kalyani Developers ( India) Ltd.

Click Here

31

UTI Momentum Index Fund

Click Here

32

Computer Age Management Services Limited - Addendum to RHP

Click Here

33

Circular on Mutual Funds

Click Here

34

Informal Guidance sought by Lets Venture Advisors LLP

Click Here

35

SEBI constitutes Technical group on Social Stock Exchange

Click Here

36

Write-off of shares held by FPIs

Click Here

37

Circular on Resources for Trustees of Mutual Funds

Click Here

38

System-Driven Disclosures (SDD) under SEBI (SAST) Regulations, 2011

Click Here

39

Rationalization of Eligibility criteria and Disclosure requirements for Rights Issues

Click Here

40

Guidelines for Investment Advisers

Click Here

41

Operating Guidelines for Investment Advisers in International Financial Services Centre (IFSC) – Amendments

Click Here

42

Amendments to guidelines for preferential issue and institutional placement of units by a listed REIT

Click Here

43

Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Fourth Amendment) Regulations, 2020

Click Here

44

Relaxation with respect to Validity of SEBI Observations and Revision in issue size

Click Here

45

Framework for monitoring of foreign holding in Depository Receipts

Click Here

46

Relaxation in timelines for compliance with regulatory requirements

Click Here

List of BSE Circulars:

13. IBBI Updates {Insolvency and Bankruptcy Board of India}

Due to the emerging financial distress faced by most companies it has been decided to raise the threshold of default under section 4 of the IBC 2016 to Rs 1 crore (from the existing threshold of Rs 1 lakh). This will by and large prevent triggering of insolvency proceedings against MSMEs.

Important Notifications and Circulars Tracker

Sl. No.

Notification(s)

Link(s)

1.

Invitation of Application for Empanelment for Platform for Distressed Assets (PDAs)

Click Here

2.

Results of National Online Quiz on IBC, 2016

Click Here

3

Summary - Judgment dated 1st September, 2020 of the Hon’ble Supreme Court of India in the matter of Union of India Vs. Association of Unified Telecom Service Providers of India Etc. [M.A. (D) No. 9887 of 2020 in Civil Appeal Nos. 6328-6399 of 2015]

Click Here

4

Quarterly Newsletter For Apr-Jun, 2020

Click Here

5

IBBI (Use of Caveats, Limitations, and Disclaimers in Valuation Reports) Guidelines, 2020

Click Here

6

IBBI announces results of the National Online Quiz on the Insolvency and Bankruptcy Code, 2016

Click Here

7

In the matter of Union of India Vs. Association of Unified Telecom Service Providers of India Etc. [M.A. (D) No. 9887 of 2020 in Civil Appeal Nos. 6328-6399 of 2015]

Click Here

8

In the matter of Mr Avishek Gupta, Insolvency Professional

Click Here

9

Government issued Advisory to PSBs to moot action against personal guarantors of corporate debtors

Click Here

10

Facilitation Letter - Role of the Government and its Agencies in the Corporate Insolvency Resolution and Liquidation Processes

Click Here

11

The Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020

Click Here

12

The Insolvency and Bankruptcy Board of India (Annual Report) Amendment Rules, 2020

Click Here

13

Corporate Insolvency Resolution Processes Ending With Order of Liquidation: As on 30th June, 2020

Click Here

14

National Colloquium on "Corporate Insolvency Resolution Process: Understanding Emerging Issues and Challenges" in association with GNLU, Gandhinagar

Click Here

15

Rajya Sabha passes amendment in Insolvency and Bankruptcy Code: The Rajya Sabha on Saturday passed the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020, whereby fresh insolvency proceedings will not be initiated for at least six months starting from March 25 amid the coronavirus pandemic.

Click Here

16

The Insolvency and Bankruptcy Code (Second Amendment) Act, 2020

Click Here

17

The Insolvency and Bankruptcy (Application to Adjudicating Authority) (Amendment) Rules, 2020

Click Here

18

Notification under section 10A of the Insolvency and Bankruptcy Code, 2016

Click Here

19

Annual Publication 2020: 'Insolvency and Bankruptcy Regime in India: A Narrative'

Click Here

14. NCLT & NCLAT UPDATES

Sl. No.

Particulars

Link

1

National Company Law Appellate Tribunal (Recruitment, Salary and other Terms and Conditions of Service of Staff Car Drivers) Rules, 2020.

Click here

2

Performance of NCLTs

Click here

3

NCLT admits insolvency plea against Uttam Galva Steel Ltd

Click Here

4

NCLT orders liquidation for HDIL's subsidiary Guruashish Constructions

Click Here

5.

Bharti Infratel shares jump over 5% as firm to proceed with Indus Towers merger

Click Here

6.

SP Group to recast Rs 10,900-cr debt under Covid-19 resolution framework

Click Here

15. MSME KEY UPDATES

Sl.

Particulars

Link

1

KVIC's Use of Paper Packaging in Online Sales Earns Public Accolades

Click here

2

Various Steps taken for Revival of MSME Sector due to COVID-19 Pandemic : Shri Gadkari

Click here

3

Dues of MSMEs : Ministry of MSME takes the efforts even deeper to realize these payments

Click Here

4

MPs Shri Arun Singh & Meenakashi Lekhi launch KVIC’s Innovative Project DigniTEA in Delhi

Click Here

5

Ministry of MSME re-activates the micro-industrialization process in Rural India

Click Here

6

India, Denmark sign MoU on Intellectual Property cooperation

Click here

7

Khadi opens Outlet in SPG Complex to Accelerate Swadeshi push

Click here

8

KVIC Appoints Design and Fashion Icon Sunil Sethi, as Advisor

Click Here

9

Shri Radha Mohan Singh Distributes Electric Chaak to 150 Kumhar Families in Bihar under KVIC's Kumhar Sashaktikaran Yojana

Click Here

10

Development in MSME Sector

Click Here

11

Contribution of MSMEs in Economy

Click Here

 

This article is updated till 30th September, 2020 with all Laws / Regulations and their respective amendments.

Disclaimer: Every effort has been made to avoid errors or omissions in this material. In spite of this, errors may creep in. Any mistake, error or discrepancy noted may be brought to our notice which shall be taken care of in the next edition. In no event the author shall be liable for any direct, indirect, special or incidental damage resulting from or arising out of or in connection with the use of this information.

 

Published by

CS Lalit Rajput
(Company Secretary)
Category Corporate Law   Report

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