March 2020 On March 24, 2020, the Ministry of Finance, Government of India, announced certain measures to combat the economic impact of the Covid-19 pandemic. These focus at providing relaxations to stakeholders across different sectors and industries in matters of, amongst others, statutory and regulatory compliance. While the central government is yet to issue circulars...

March 2020 Between March 15 and March 23, 2020, the Government of Tamil Nadu (“GoTN”) issued a few orders and circulars to deal with public health and combating COVID-19, which the businesses, particularly, the manufacturing companies and IT and ITES companies, in Tamil Nadu (“TN”) should know. Key updates are below: 1. Orders issued under...

March 2020 In view of COVID-19, Nirmala Sitharaman, Finance and Corporate Affairs Minister, announced certain relief measures on March 24, 2020 which were then officially notified by the Ministry of Corporate Affairs (“MCA”) through its General Circular 11/2020 dated March 24, 2020. This alert follows up on our last update of March 24 available here https://www.psalegal.com/mca-initiatives-to-deal-with-covid-19/:...

January 2020 On January 3, 2020, the Ministry of Corporate Affairs (“MCA”) issued the Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2020 which will come into force from April 1, 2020. By this amendment, the MCA has revised the threshold for appointing whole-time Company Secretaries (“CS”) in private companies. Amended Provision As per...