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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....

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...

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...

April 2020 By a general circular 18/2020 issued on April 21, 2020, the Ministry of Corporate Affairs (“MCA”) extended the due date for Annual General Meeting (“AGM”) from June 30, 2020 to September 30, 2020 of companies whose Financial Year (“FY”) followed the calendar year...

April 2020 In view of the extension of the lockdown in India, the functioning of the courts continues to remain extremely negligible. Various courts and forums have issued renewed notifications which are highlighted below: 1. Supreme Court: This court continues to hear only limited and...