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Press Note 3/2020: Chinese Investments in India Targeted

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••no comments
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Exemptions for WFH facility under OSP registration

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.
•April 2020••no comments
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CCI Announces Further Measures: An Opportunity For The Future?

In wake of the COVID-19 pandemic, the Competition Commission of India (“CCI”) has on April 13, 2020, announced further relaxations and clarifications concerning matters involving anti-competitive agreements, abuse of dominance, combination filings and other compliances under the Competition Act.
•April 2020••no comments
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Relief for Employers: New contribution scheme under EPF Act

The Central Government on March 26, 2020 announced allocation of INR 17 million as relief under the Pradhan Mantri Garib Kalyan Yojana to prevent employment disruption and support small businesses during COVID-19 times.
•April 2020••no comments
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MCA Allows Convening EGMs electronically

In an effort to continue to support corporate India, the Ministry of Corporate Affairs (“MCA”) has issued yet another General Circular 14/2020 on April 8, 2020 (“Circular”) for promoting social distancing while convening of Extra-ordinary General Meetings (“EGMs”).
•April 2020••no comments
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