April 2020 Vide its letter dated March 13, 2020, the Department of Telecommunications (“DoT”) had granted temporary exemptions from some conditions for Work From Home (“WFH”) facility under the Other Service Provider (“OSP”) registration. On April 15, 2020, the DoT partially modified its earlier letter with an aim to allow greater transparency and flexibility to...

April 2020 On April 17, 2020 the Ministry of Commerce, acting through the Department for Promotion of Industry and Internal Trade issued a Press Note or PN 3 of 2020 through which it aims to curb “opportunistic takeovers/acquisitions of Indian companies” on account of COVID-19. Currently, foreign companies can invest in India through the “automatic”...

April 2020 By a general circular 14/2020 dated April 8, 2020, the Ministry of Corporate Affairs (“MCA”) allowed the companies to convene Extra-ordinary General Meetings (“EGMs”) through video conferencing or any other audio-visual means without the physical presence of any shareholder. Due to some ambiguities in this circular, MCA came up with general circular 17/2020...

As a major move towards encouraging innovation in fintech sector, the Securities and Exchange Board of India (SEBI) notified the SEBI Regulatory Sandbox Amendment Regulations, 2020 on April 17. The notification amends about 33 regulations including issue and listing of instruments, takeover code, foreign venture capital investor, real estate investment trusts, listing obligations and disclosure...