Initiative Taken by NCLT — National Company Law Tribunal during the COVID-19 pandemic

The outbreak of COVID-19 has adversely affected the global economy and lives of people. The growth rate of the Indian economy has fall down. Various regulators and Government have taken several measures and initiatives to cope up with the consequences of COVID-19 outbreak. Similarly, following are the initiatives taken by the National Company Law Tribunal (NCLT) to fight against COVID-19: 1) Postponement of dates of hearing of the Pending matters. In view of controlling the […]

ICSI taken relief measures during Covid-19

The ICSI taken relief measures during Covid-19 Pandemic

The COVID-19 not only have severely disrupted the Financial Market but also the global economy has taken a major setback as well. The Indian scenarios is no different. Due to the unprecedented challenges of COVID-19 on the society we are living in, The Institute of Company Secretaries of India (ICSI) has taken relief measures during COVID-19 to lessen the burden on the professionals. The Government of India along with various regulatory authorities has also taken […]

Relaxations granted by SEBI during COVID-19

COVID-19 – Relaxations granted by the Securities Exchange Board of India (SEBI)

The global outbreak of coronavirus (COVID-19) is an unprecedented event and it has led to lockdowns and unexpected restrictions on the public as well as the corporate sector across the world. Regulatory authorities have granted several relaxations to assist businesses to cope with the compliance burden and economic distress. Let’s discuss herein below a few relaxations granted by the Securities and Exchange Board of India (SEBI) 1. Extension for Disclosure Filings under the SEBI Takeover […]

Relaxations granted by IRDA during COVID-19

COVID-19 – Relaxations granted by the Insurance Regulatory and Development Authority of India (IRDA)

COVID-19 had resulted into grave and unsettling consequences. Since March 24, 2020, the Government of India (GOI) has announced complete lockdown in entire nation in order to control the spread of COVID-19. Keeping in mind the aforesaid, the Insurance Regulatory and Development Authority (IRDA) of India has granted several relaxations vide various notifications and circulars. Relaxations granted by IRDA are mentioned below: Submission of Final Re-insurance Programme – In compliance with the regulations, insurers are required to […]

Impact of COVID-19 on environment and nature around us

Impact of COVID-19 on environment and nature around us

The Outbreak of COVID-19 has been spreading rapidly worldwide and has affected many lives till date. The COVID-19 pandemic has been proven as one of the worst nightmares for the human kind on the Mother Earth. But it can’t be denied that it has some positive impact on the environment and nature around us. Before the spread of COVID-19, the environmental condition was not so good. Due to amount of toxic gases released into the […]

Steps taken by Government to Support MSME Sector in fight against COVID-19

With uncertainty of the duration of the COVID-19 pandemic, Government has been working with various regulators and local statutory bodies to come together and work towards repurposing business plans, restart the operation activities, protect employees and workers, boost small and medium-scale businesses. Government has issues relief measures for MSMEs to help them survive this difficult time. Due to the COVID-19 crisis forcing lockdown all over the nation, smaller businesses have been largely affected as their […]

COVID-19: Relaxation on Residential Status under IT Act

COVID-19: Relaxation on Residential Status under Income Tax Act, 1961

The Central Government vide Circular dated May 8, 2020 has provided relaxation on residential status of the individuals under Income-tax Act, 1961 Section 6 of the Income Tax Act deals with the provisions determining the residential status of a person based on his/her stay in India. Any Individual who stays for a period of 182/ 60 days (Subject to other conditions) or more in any year becomes resident of India and liable to become taxable […]

Role of Big Data in Tracking COVID-19 Symptoms and its Impact worldwide

Role of Big Data in Tracking COVID-19 Symptoms and its Impact worldwide

Data is becoming one of today’s most critical business assets. As the world continues to fight the spread of the deadly coronavirus, data scientists are helping them stay one step ahead by big data analysis in tracking COVID-19 Symptoms and its Impact worldwide. Since the outbreak of COVID-19 is spreading rapidly at global level, the pressure to understand and predict the surge and its impact on individual care facilities by not only healthcare administrators but […]

Government Support Schemes To Fight COVID-19 – Across The Globe

Government Support Schemes To Fight COVID-19 – Across The Globe

The influence of COVID-19 on employees, employers and businesses is persistently evolving – from supply chain disruption to order cancellations; from sick pay calculation to changing tax and accounting deadlines.  Government issued various Support Schemes to Fight COVID-19 – Across the Globe by providing relief measures. A list of the Support Schemes to Fight COVID-19 issued by various Countries – Across The Globe (as on April 15, 2020) is provided herein below Please note, that […]

Relaxations announced by Finance Ministry

COVID-19: Relaxations announced by Finance Ministry

COVID-19 has caused unprecedented challenges resulting into uncertainty in the economy. On account of COVID-19, Relaxations announced by Finance Ministry of India in context of several important relief measures taken by the Government of India (GOI) This relaxations provides certain relief measures in financial and regulatory compliances for the individuals and Companies to ease the compliance burden and avoid legal consequences and penalty. Relaxations announced by Finance Ministry are as below: 1. Relaxation provided to […]