Updated: Sep 18, 2020 The Central Government through Department for Promotion of Industry and Internal Trade (“DPIIT”) on April 17, 2020 via Press Note 3 (2020 series) amended the Foreign Direct Investment (“FDI”) policy to curb opportunist takeovers or acquisition of Indian companies due to the COVID-19 pandemic. Automatic Route and Government/Approval Route Under the FDI […]
Updated: Sep 23, 2020 The Central Government in consultation with the Reserve Bank of India (“RBI”), amended the Companies (Acceptance of Deposits) Rules (“Rules”), 2014 vide a circular released by the Ministry of Corporate Affairs (“MCA”) dated September 7, 2020 (the “Amendment”). The amendment alters the definition of convertible note under the definition of what does […]
The Central Government after obtaining the recommendations of the Advisory Committee constituted on behalf of the Ministry of Micro, Small and Medium Enterprises (“MSME”), vide notification dated June 26, 2020, notified the criteria for the classification of the enterprises under MSME. The notification specifies the form and procedure for filing the memorandum and also the […]
The Government of India through President of India, Hon’ble Sri Ram Nath Kovind promulgated the Arbitration and Conciliation (Amendment) Ordinance, 2020 (the “Ordinance”) on November 04, 2020 to amend the Arbitration and Conciliation Act, 1996 (the “Act”) (the “Amendment”). The Ordinance amends Section 36 which deals with the enforcement of arbitral awards. Prior to the […]
