FOREIGN TRADE POLICY TO CONTINUE
April 21, 2020 INSOL India Editorial
The Government of India has extended the Foreign Trade Policy for a period of six months from April 1, 2020. The new Five Year Policy 2020-25 has not been finalized as consultations could not be completed because of the Coronavirus
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UN MAKES INDIA AS NEXT WORLD ECONOMY
April 21, 2020 INSOL India - Editorial Team
UN in its latest trade report has observed loss of trillions of dollars and the global economy will come into recession. The only exception made is India and China. Hope India can carry this out in the times to come.
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STATE RUN BANKS STAND MERGED EFFECTIVE APRIL 1, 2020
April 21, 2020 INSOL India Editorial
Ten state run banks into four lenders have become effective from April 1, 2020. All branches of the merging banks will operate as of the banks in which they have been amalgamated and merged effective the above date. The merger,..
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SEBI RELATED NEWS
April 21, 2020 INSOL India - Editorial Team
SEBI extends deadlines for comments on proposed relaxation in delisting norms and QIP. In view of the extraordinary pandemic situation, the deadline for public comments on proposed relaxation in norms in relation to six months gap or QIPs and delisting..
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HUL - GSK MERGER COMPLETE
April 21, 2020 INSOL India - Editorial Team
Hindustan Unilever Limited has completed the merger of Glaxo Smith Kline Consumer Healthcare Limited with itself. It is almost one year ago when this merger was announced and all this time took to complete the same. Now after a period..
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COMPANIES SEEK RULE RELAXATION TO PAY INTERIM DIVIDEND
April 21, 2020 INSOL India - Editorial Team
The Ministry of Corporate Affairs has received representations from industries, companies, body corporates, and others for relaxation in the provisions of Section 123 of the Companies Act in relation to declaration and payment of dividends to shareholders.