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

  • Guidelines for Phased Re-opening (Unlock II)

    While the nation continues to battle the COVID-19 pandemic, the Government of India vide an order dated June 29, 2020 (“Unlock II Order”), has extended the lockdown in containment zones till July 31, 2020. The Unlock II Order contains guidelines for re-opening of more activities in areas outside containment zones in a calibrated manner. Since

    July 1, 2020

  • Supreme Court on Employer’s Obligations to Pay Wages During the Lockdown

    The Honourable Supreme Court on June 12, 2020 heard the batch of petitions challenging the Central Government’s order of March 29, 2020 (MHA Order) issued under Disaster Management Act, 2005, other consequential orders issued by different States, and the Ministry of Labour and Employment dated March 20, 2020 requiring employers to make timely payment of wages, without

    June 13, 2020

  • COVID-19 Update: Getting back to Work? Preventive Steps to Keep in Mind!

    We all are in the midst of the COVID-19 pandemic and the situation still remains unprecedented. While the nationwide lockdown has been extended up to May 31, 2020, there are organizations/industries that are planning to resume operations. Given the health hazard involved, it is imperative for the employers/organizations to ensure that the health, safety and

    May 25, 2020

  • COVID-19 Update : Reliefs to employers consolidated

    To keep up with the unprecedented crisis, the Central and State Governments have been issuing notifications and orders on a regular basis. Considering the rapidly evolving situation, we have, for your easy reference, consolidated the important reliefs granted to the employers by the Central Government, as on May 18, 2020, 3 pm (IST). 1.     ESI

    May 19, 2020

  • Lockdown 4.0 & Employer Obligations to Pay Wages During the Lockdown

    In continuation of its efforts to cope with the COVID – 19 outbreak in India, the Government of India, through the Ministry of Home Affairs (“MHA“) has extended the nation-wide lockdown to May 31, 2020. With what appears to be an intent to gradually ease out the lockdown, the MHA issued guidelines dated May 17, 2020

    May 18, 2020

  • COVID-19 Update: Bombay HC on the principle of ‘no work-no wages’ during COVID

    The Aurangabad bench of the Bombay High Court, on May 12, 2020, held that the principle of ‘no work, no wages’ will not apply during the lockdown that has been imposed to cope with the COVID-19 outbreak. The case was filed by a contract workers’ union, who raised a plea that despite being willing to

    May 15, 2020

  • COVID-19 Update – MCA Permits Holding of AGMs Through Video Conferencing or Other Audio Visual Means

    The Ministry of Corporate Affairs (‘MCA’), through its Circular dated April 8, 2020 (‘EGM Circular I’) read with its Circular dated April 13, 2020 (‘EGM Circular II’), has permitted companies to hold extraordinary general meetings through video conferencing or other audio visual means (collectively, ‘VC’) (the details of which are provided in our Client Alert

    May 15, 2020

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

    Since our Client Alert dated April 2, 2020 (accessible here), the Securities and Exchange Board of India (‘SEBI’) has taken further measures in light of the COVID-19 outbreak. Some key updates are set out below: 1.       Reduced Compliance Burden on Registrars to Issue and Share Transfer Agents (‘RTAs’) Through its Circular dated April 13,

    May 11, 2020

  • COVID-19: Impact on and Response of the Indian Renewable Energy Sector

    The ongoing COVID-19 crisis has had an unprecedented impact on all sectors in India, including the growing renewable energy (“RE”) sector. The crisis has seen plummeting of power demand by reportedly 25-30%[1] on account of a halt in economic activity and has led to liquidity concerns for the already cash-starved distribution companies (“DISCOMS”) struggling to

    May 11, 2020

  • New Guidelines for Lockdown 3.0

    As on date, India is staring at approximately 33,500 active cases of COVID -19 with a total recovery rate of 28.72%. In its press release earlier today, the Ministry of Health and Family Welfare has stated that the Government of India is, through a graded, pre-emptive and pro-active approach, taking several steps along with the States

    May 6, 2020

  • Contours of “essential services” amidst lockdown – Impact on efficacy of financial services?

    Pursuant to the COVID-19 outbreak, and declaration of the 21-day nation-wide lockdown, market dynamics for most sectors have been significantly altered. Despite, the Ministry of Home Affairs (“MHA”) guidelines for the lockdown dated March 24, 2020 (“Guidelines”)  permitting certain ‘essential services’ to operate with minimal staff, practical struggles have hampered operations. Set out below are

    April 28, 2020

  • Covid -19 Update: Supreme Court on Indian Government’s Directives to Private Employers to Pay Wages

    The Supreme Court on April 27, 2020 took note of public interest litigations (PILs), challenging the constitutionality of the orders passed by the Ministry of Home Affairs (“MHA”) on March 20 and March 29, 2020, asking employers to refrain from termination of employment and mandating them to pay wages to their employees during the lockdown.

    April 27, 2020

  • COVID-19 Updates – April 23, 2020

    The Central and State Governments are continuing to grapple with the COVID-19 pandemic in India. They have passed several notifications, orders, and advisories to control the spread of coronavirus. One of the decisions taken by the Central Government was to extend the lockdown till May 3, 2020. You can read our detailed article on the

    April 24, 2020

  • COVID-19 Update – Governor’s Statement in Response to the COVID-19 Crisis

    The Reserve Bank of India (‘RBI’) had announced the COVID-19 – Regulatory Package on March 27, 2020 (‘Regulatory Package’), wherein lending institutions were permitted to grant a moratorium of three months on payment of all instalments falling due between March 1, 2020 and May 31, 2020 (‘Moratorium Period’), as set out in our Client Alert

    April 22, 2020

  • COVID-19 Update – CCI’s Advisory to Businesses in Time of COVID-19

    In our update dated April 15, 2020, we had highlighted reports of companies “joining hands” to fight COVID – 19 when there are no specific exemptions regarding the application of provisions of the Competition Act, 2002 (‘Competition Act’), and that any coordination between entities could be considered to be in violation of the law. In

    April 20, 2020