Bank Mergers | RBI | Schemes of Amalgamation enforced w.e.f 1st April, 2020
The Amalgamation of Allahabad Bank into Indian Bank Scheme, 2020 dated March 4, 2020, issued by the Government of India was published
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RBI | COVID-19- Operational and Business Continuity Measures
The World Health Organization (WHO) has declared the recent outbreak of the novel coronavirus disease (COVID-19) a pandemic indicating significant and ongoing
Continue readingDisruption of supply chains due to Coronavirus to be covered in ‘Force Majeure Clause’ — Case of Natural Calamity
Ministry of Finance through an Office Memorandum dated 19-02-2020, clarified with regard to the ‘Force Majeure Clause’, which means: A Force Majeure
Continue readingSEBI | Indian Stock Market moving in tandem with global markets due to COVID-19
SEBI statement on market movement Over the last few days, the Indian Stock Market has been moving in tandem with other global
Continue readingSEBI launches mobile application for lodging investor grievances — SEBI SCORES
In its efforts to improve the ease of doing business, SEBI aunched a Mobile Application for the convenience of investors to lodge
Continue readingYes Bank Limited: RBI announces Scheme of Reconstruction
The Reserve Bank of India has placed in public domain a draft scheme of reconstruction of the Yes Bank Ltd. The Reserve
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Supersession of the Board of Directors – Appointment of Administrator – Yes Bank Limited
In exercise of the powers conferred under 36ACA of the Banking Regulation Act 1949, the Reserve Bank has, in consultation with Central
Continue readingRBI | Yes Bank Ltd. placed under Moratorium
The financial position of Yes Bank Ltd. (the bank) has undergone a steady decline largely due to inability of the bank to
Continue readingInterest rates on Employee Provident Fund has been reduced to 8.05%
As reported by media, Employees’ Provident Fund Organisation (EPFO) will pay interest at the rate of 8.5 per cent for the current
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LLP settlement Scheme, 2020 launched ; Shall allow a One-time condonation of delay in filing statutorily required documents with the Registrar
It has been observed that due to applicability of additional fee on late filing, which in case of inordinate delay could actually
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Invitation for Public Comments on the Competition (Amendment) Bill, 2020
Ministry of Corporate Affairs had constituted a Competition Law Review Committee (CLRC) under the Chairmanship of Secretary, Corporate Affairs in October, 2018
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CCI approves of a joint venture between Mahindra & Mahindra and Ford Motor
The Competition Commission of India (CCI) approves the formation of a joint venture between Mahindra & Mahindra and Ford Motor and the
Continue readingNational Institute of Financial Management to be renamed as — Arun Jaitley National Institute of Financial Management
The Government of India has decided to rename the National Institute of Financial Management (NIFM), Faridabad as Arun Jaitley National Institute of
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Deposit Insurance & Credit Guarantee Corpn. (DICGC) increases — insurance coverage for depositors in all insured banks to Rs 5 lakh
With a view to providing a greater measure of protection to depositors in banks the Deposit Insurance and Credit Guarantee Corporation, a
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Walmart owned Flipkart shuts down Jabong to redirect focus on Myntra
As per media reports, Flipkart has shut down the operations of Jabong and the users will now be redirected towards the Myntra
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CCI approves proposed combination between Yum Restaurants and Devyani International Ltd.
The Competition Commission of India (CCI) approves the proposed combination between Yum Restaurants (India) Private Limited (YRIPL) and Devyani International Limited (DIL)
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Key Highlights of Economic Survey [2019-2020]; Enable Markets, Promote ‘Pro-Business’ Policies and Strengthen ‘Trust’ in the Economy
Meaning of Economic Survey and its significance: Economic Survey is succinct of the annual economic development of the economy keeping all the
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Directions under S. 35 A read with S. 56 of Banking Regulation Act, 1949 – Kolikata Mahila Co-operative Bank Ltd., Kolkata – Extension of Period of Directions
The Reserve Bank of India, in public interest, had issued Directions to Kolikata Mahila Co-operative Bank Limited, Kolkata, West Bengal in exercise
Continue readingPaperless Licensing process for Petroleum Road Tankers launched, aim to reduce red tapism
Boost to Digital India Campaign Championing the cause of Digitisation and Modernisation In line with the vision of Prime Minister, Narendra Modi’s
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Green Channel combination of ROC Star Investment Trust’s acquisition of equity of Star Health and Allied Insurance Company Ltd. from Snowdrop Capital PTE Ltd. received by CCI
The Competition Commission of India (CCI) received the following green channel combination filed under sub-section (2) of Section 6 of the Competition
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