Recent Amendments by MCA, RBI and others

In this edition we have tried to bring to your notice the latest amendment that followed in the month of November, 2020 issued by MCA, RBI, DIPP and others.

Amendments issued by MCA

Extension of LLP Settlement Scheme, 2020
The MCA extends due date of defaulting LLP to file belated documents under LLP Settlement Scheme, 2020. To read more  http://www.mca.gov.in/Ministry/pdf/GeneralCircularNo.37_09112020.pdf

Amendments issued by RBI

Discontinuation of Returns/Reports under Foreign Exchange Management Act, 1999
The Reserve Bank of India has notified the discontinuation of Returns/Reports under the Foreign Exchange Management Act, 1999. Read More: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11994&Mode=0

Delegation of Powers for Compounding of Contraventions under FEMA
RBI has issued a circular on Delegation of Powers for Compounding of Contraventions under FEMA.  Read More: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11995&Mode=0

Standard Operating Procedure (SOP) for Processing FDI Proposals
The Department of Industrial Policy & Promotion (DIPP) sets Standard Operating Procedure (SOP) for Processing FDI Proposals. Read More: https://fifp.gov.in/Forms/SOP.pdf

Miscellaneous Laws

Arbitration and Conciliation (Amendment) Ordinance, 2020
The Central Government has issued the Arbitration and Conciliation (Amendment) Ordinance, 2020 to further amend the Arbitration and Conciliation Act, 1996. Read More: http://www.egazette.nic.in/WriteReadData/2020/222941.pdf

The Patents (Amendment) Rules, 2020
The Central Government has notified the Patents (Amendment) Rules, 2020.  Read More: http://www.ipindia.nic.in/writereaddata/Portal/Images/pdf/patents_amendment_rules_2020.pdf

The Patents (2nd Amendment) Rules, 2020
The Ministry of Commerce and Industry has notified the Patents (2nd Amendment) Rules, 2020 to further amend the Patents Rules, 2003. Read More: http://www.egazette.nic.in/WriteReadData/2020/222947.pdf