30 Oct 2020

With increased awareness, globalization and technological advancement, people are becoming more and more conscious of their eating choices. In fact, COVID-19 has changed the food habits of many individuals eager to fight against the pandemic by adopting a more balanced and nutritious diet to improve immunity. Accordingly, Indian Food laws are changing in line with global food laws/standards through amendment of various regulations based on the changing scenario. Food Safety Standard Act, 2006 (“the Act”) is also evolving and transforming in consonance with the “One Nation One Food Law” initiative.>>

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13 Aug 2020
The provisions of the Companies Act, 2013 (the “Act”) relating to the issuance of debentures, stipulate various requirements which the issuing company has to comply with, which includes maintaining a Debenture Redemption Reserve (DRR) account and in case of a secured debenture, filing of charge-related documents. The outbreak of COVID-19 and the related regulatory lockdowns have affected business inflows and administrative functioning of many organizations. On one hand, some of the companies are facing financial difficulties in meeting their repayment obligations under the debentures issued, while on the other hand, these companies are unable to meet the statutory requirements stipulated under the Act. Considering the request of various stakeholders, the Ministry of Corporate Affairs, India (“the MCA”) has brought out several relaxations relating to the compliance requirements for debenture issuance under the Act.

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18 Oct 2019

The Ministry of Commerce and Industry has issued Press Note 4 of 2019 dated 18th September 2019[i] ("Press Note 4") to bring changes to the Foreign Direct Investment (FDI) Policy pertaining to Coal Mining, Manufacturing, Single Brand Retail Trading and Digital Media to attract foreign investment into India, increase productivity and enhance competitiveness. >>

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