The Government of Karnataka has announced a 14 (fourteen) days closedown in the state starting from 9pm, April 27, 2021 to be in force until 6am, May 12, 2021. In this regard, the Government of Karnataka has issued guidelines (available here ) on April 26, 2021 clarifying the state of operations during the closedown ("Guidelines"). A summary of the Guidelines is given below for your reference: 1.       Prohibited Activities : Only flights and trains previously scheduled will continue to operate during the period of closedown. Metro rail services will cease. Taxis (including auto rickshaws) and services of cab aggregators prohibited, except while hired for emergency and as permitted in the guidelines. Schools, colleges, educational/coaching institutions etc. will remain closed. Online/ distance teaming shall continue to be permitted and shall be encouraged. However, examination already scheduled shall be permitted with strict adherence to National Directives for COVID 19 manag

Lockdown measures to contain the spread of COVID-19 has been in force in the country since 24 March 2020. On 30 May 2020, pursuant to the direction of the National Disaster Management Authority under Section 6(2)(i) of the Disaster Management Act, 2005, the Ministry of Home Affairs ( MHA ) issued an  order  enumerating the guidelines for phased re-opening of activities which were prohibited during the lockdown in areas outside the designated containment zones, as  Unlockdown 1 . This order was to remain in force up to 30 June 2020. On 29 June 2020, with a view to re-open more activities in the country, in a calibrated manner, in areas outside containment zones, the MHA issued detailed  guidelines  on  Unlockdown 2 . The order had also extended the lockdown in containment zones up to 31 July 2020. On 29 July 2020, MHA had issued guidelines on  Unlock 3  which came into effect on 1 August 2020 for further extension of the process of phased re-opening. However, the order also stipulated f

The Insurance Regulatory and Development Authority of India (Issuance of e-Insurance Policies) Regulations, 2016 ( e-Insurance Regulations ) governs the issuance of electronic policy and submission of electronic proposal form of insurance policies.   “E-insurance policy” or electronic insurance policy” means a policy document which is an evidence of insurance contract issued by an insurer and digitally signed in accordance with the applicable provisions prescribed by law and issued in an electronic form either directly to the policyholder by the insurer or through the platform of registered Insurance repository.   As per Regulation 3 of the e-Insurance Regulations, every insurer soliciting insurance business through electronic mode shall create an e-proposal form similar to the physical proposal form approved by the Authority. The e-Insurance Regulations mandate that, every such insurer, shall also make available physical version of the e-proposal form. Per Regulation 4(iii) of t

Pursuant to the reforms suggested by Department for Promotion of Industry and Internal Trade (“ DPIIT ”) towards ease of doing business [1] , the Directorate of Industrial Safety and Health, Chennai vide Memorandum No. B1/9391/2020 dated 29 August 2020 (“ Memo ”) had circulated a memorandum directing the subordinate officers of the directorate to automate the renewal of below mentioned licenses through submission of online applications on an non-discretionary basis: S.No. License to be renewed under different labour laws. Existing procedure for procuring license renewal. Latest procedure as per Memo to procure license renewal. 1.        Factory license under Factories Act, 1948 read with Rule 7 of the Tamil Nadu Factories Rules, 1950. The occupier of every factory licensed under Rule 4, shall submit to the Deputy Chief Inspector of Factories having jurisdiction over the area where the factory is situate

I. Introduction  On August 6, 2020, the Reserve Bank of India (“ RBI ”) promulgated a special regulatory package - Resolution Framework for Covid-19-related Stress (“ Covid Resolution Framework ”). This package has been introduced because several Indian borrowers have been adversely affected by the pandemic and are facing difficulties in servicing their debt obligations. The moratorium imposed by the RBI has provided some breathing space to such borrowers, but once that expires, several borrowers may need to restructure their debts as they recover from the havoc Covid-19 has created in their businesses. Lenders also need an effective and flexible restructuring tool for Covid-related defaults and the existing Prudential Framework for Resolution of Stressed Assets dated June 7, 2019 (“ June 7 Framework ”) of the RBI may not cater to their needs arising specifically out of the pandemic. The Covid Resolution Framework applies to personal loans as well corporate loans. However, in this upda

According to Section 135 of the Companies Act, 2013 ( Act ), every company having  (i) net worth of rupees five hundred crore or more, or (ii) turnover of rupees one thousand crore or more, or  (iii) a net profit of rupees five crore or more, during the immediately preceding financial year shall constitute a Corporate Social Responsibility Committee ( CSR Committee ) of the Board. Among other functions, the CSR Committee formulates and recommends the Corporate Social Responsibility ( CSR ) Policy which shall indicate the activities to be undertaken by the company in areas or subject specified in Schedule VII of the Act. According to the Companies (Corporate Social Responsibility Policy) Rules, 2014 ( CSR Policy Rules ), Rules 2(e), CSR  Policy relates to activities to be undertaken by the company in areas or subject  specified in Schedule VII of the Act and the expenditure thereon, excluding activities undertaken in pursuance of normal course of business of a company.  Further, Rule 4

Lockdown measures to contain the spread of COVID-19 has been in force in the country since 24 March 2020. On 30 May 2020, pursuant to the direction of the National Disaster Management Authority under Section 6(2)(i) of the Disaster Management Act, 2005, the Ministry of Home Affairs ( MHA ) issued an  order  enumerating the guidelines for phased re-opening of activities which were prohibited during the lockdown in areas outside the designated containment zones, as Unlockdown 1 . This order was to remain in force up to 30 June 2020. On 29 June 2020, with a view to re-open more activities in the country, in a calibrated manner, in areas outside containment zones, the MHA issued detailed  guidelines  on Unlockdown 2 . The order had also extended the lockdown in containment zones up to 31 July 2020. On 29 July 2020, MHA had issued guidelines on  Unlock 3  which came into effect on 1 August 2020 for further extension of the process of phased re-opening. However, the order also stipulated for