In these extraordinary times, it is important to stay well informed, calm and supportive of the measures taken to mitigate the global pandemic that is COVID-19. AZB & Partners has dedicated this page to bring you the latest Regulatory and Legal updates.

Keeping you abreast with decisions taken by various authorities to curtail the spread of the COVID-19 virus, that are affecting multiple businesses & sectors across the spectrum of industry, is of utmost importance to maintain business continuity.Regular updates will be available here to keep you acquainted with these developments.

Publications

  • COVID-19 Updates – April 3, 2020

    With the increasing number of novel coronavirus cases in India, the Central Government and various State Governments are issuing notifications, passing regulations, guidelines etc. from time to time. Since our previous update, there have been important developments. We have set out the key takeaways below, as on April 2, 2020 till 6 pm (IST): A.      

    April 3, 2020

  • Dealing with Covid-19 – Further Steps!

    To deal with the ever changing COVID-19 situation in India, the central and the state governments are issuing notifications, orders, regulations, guidelines and advisories on a regular basis. The key developments as on March 30, 2020, 2:00 p.m. (IST) have been set out below: A.      The Finance Minister’s speech: The Finance Minister, Ms. Nirmala

    March 31, 2020

  • COVID-19 – Moratorium on Repayments for Term and Working Capital Loans

    The Reserve Bank of India (‘RBI’), through circular and press release dated March 27, 2020, has undertaken various developmental and regulatory measures that directly address stress in financial conditions in the country caused by COVID-19. The RBI Circular grants lenders the option to provide relaxations to borrowers on repayment of instalments under term loans and

    March 31, 2020

  • Coping with COVID-19 – FAQs for Indian Employers

    In a very significant move, the Prime Minister of India on March 24, 2020 announced a 21 day nation-wide lockdown with effect from 00:00 hours on March 25, 2020. This lockdown of nearly one-fifth of the world’s population is to ensure effective social distancing to prevent the spread of COVID-19. While the lockdown is undoubtedly essential to

    March 27, 2020

  • COVID-19: Finance Minister’s Address

    In light of the COVID-19 pandemic, the Finance Minister, Ms. Nirmala Sitharaman, on March 24, 2020, announced various changes to the statutory and regulatory compliance matters to deal with the economic impact caused by the outbreak. Key takeaways from the address are set out below: Changes to Company Law related Requirements: The Ministry of Corporate

    March 26, 2020

  • COVID-19 Update – Nationwide Lockdown in India

    In a very significant move, the Prime Minister of India, announced a 21 day nation-wide lockdown with effect from 00:00 hours on March 25, 2020, as a preventive measure to contain the spread of COVID-19.

    March 25, 2020

  • COVID-19 Updates – March 23, 2020

    With the increasing number of novel coronavirus cases in India, the Central and various State Governments are passing regulations and guidelines on a war footing. Since our previous update, there have been some important developments. We have set out the key takeaways below as on March 23, 2020 till 7 pm (IST): A.     Meeting between

    March 23, 2020

  • COVID-19 Updates

    Since our previous update, there have been important developments on measures to curb the COVID – 19 outbreak at the Central level and in the state of Maharashtra. We have set out the key points in this regard below: A. Company readiness towards COVID-19 The Ministry of Corporate Affairs has through a letter dated March

    March 21, 2020

  • Measures Taken by MCA and SEBI in Light of the COVID-19 Outbreak

    A. Measures Introduced by the Ministry of Corporate Affairs 1. Relaxation on requirement of physical board meeting in respect of matters: The Ministry of Corporate Affairs (‘MCA’) has, on March 19, 2020, amended the Companies (Meetings of Board and its Powers) Rules, 2014 (‘Meeting Rules’) to allow companies to hold meetings on the matters listed

    March 21, 2020

  • COVID 19 Updates

    Since our previous update, the Central Government and various State Governments have issued multiple notifications, guidelines and orders detailing measures to cope with the COVID – 19 outbreak in India. We have set out key developments in this regard below: A. The Prime Minister’s Speech: The Prime Minister addressed the nation on March 19, 2020

    March 20, 2020

  • COVID-19: Business Continuity Plan

    Given the challenges posed by the rapidly spreading COVID-19 pandemic, we are committed to ensuring business continuity for our clients whilst doing all we can to protect the interests of our people. We have shifted to a “Work From Home” model with a partial lockdown of our physical facilities (which will function with skeletal staff

    March 17, 2020

  • Travel Advisory issued by Ministry of Health and Family Welfare

    With the World Health Organization recognizing COVID-19 as a global pandemic, the Government of India, through its ministries, has issued multiple advisories/guidelines to cope with the COVID-19 outbreak in India. We have consolidated and set out the key guidelines issued by the Government of India as on March 16, 2020: Travel Restrictions The Ministry of

    March 17, 2020

  • Corporate India’s COVID-19 action plan: How to balance data protection with emergency response

    On March 11, 2020, the World Health Organization (WHO) declared COVID-19 as a pandemic, effectively urging countries to take all necessary measures to detect, test, isolate treat people in order to avoid handful of cases resulting into clusters and community transmissions, that further stress capacity of global public health institutions[1]. In case of COVID-19, the

    March 16, 2020

  • Relaxation of OSP conditions to allow Work From Home Facility

    In the wake of the COVID-19 outbreak, employers are being advised to allow/require employees to work from home. In this context, the Department of Telecommunications (DoT), Government of India, vide circular dated March 13, 2020 (“Circular”), has issued certain relaxations in the terms and conditions prescribed for Other Service Providers (“OSPs”), with respect to the

    March 16, 2020

  • COVID 19 – Performance of agreements in India

    1. On March 11, 2020[1], the World Health Organization (“WHO”) characterized the COVID-19 virus as a ‘pandemic’. On the same day, the Government of India issued[2] a Revised Travel Advisory inter alia suspending all existing visas (except diplomatic, official, UN/ International Organisations, employment, project visas) till April 15, 2020. The COVID-19 has, in the past

    March 13, 2020