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FCRA Amendment Act, 2020

October 2020 Despite requests for parliamentary committee consultations, on September 29, 2020, the controversial Foreign Contribution (Regulation) Amendment Act, 2020 (“Amendment Act”) came into force, i.e. a week after the bill was introduced in the Lok Sabha. This...
•October 2020••no comments
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Amendment Of Default Threshold Perspective In Nature, Holds NCLAT

October 2020 On March 24, 2020, the Indian government had, on account of the pandemic, amended section 4 of the Insolvency and Bankruptcy Code, 2016 (“IBC”) to increase the minimum amount of default for initiating insolvency process against...
•October 2020••no comments
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COVID 19: MCA Relaxes Residency Requirement Of 182 Days

October 2020 Through General Circular  No. 36/2020 dated October 20, 2020, the Ministry of Corporate Affairs (“MCA”) has exempted directors and designated partners from complying with the minimum residency requirement of 182 days for Financial Year (“FY”) 2020-21....
•October 2020••no comments
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Automatic AGM Extension

On September 8, 2020, the Registrar of Companies (“ROC”) granted an automatic extension of 3 months for holding Annual General Meeting (“AGM”) for Financial Year (“FY”) 2019-20. This comes as a major relief for companies during this pandemic.
•October 2020••no comments
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Draft health data management policy – A futile attempt?

On August 26, 2020, the Ministry of Health & Family Welfare (MoHFW) published the draft Health Data Management Policy (Policy). MoHFW has been advocating for digitisation of health records, creation of registries, and adoption of a federated health data...
•September 2020••no comments
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