COVID-19 Vis-A-Vis EXTENSION OF LIMITATION
In its endeavour to contain COVID-19 pandemic, the government has promoting the idea of social distancing and issuing directions and taking other preventive and mitigating measures. Resultingly, with limited physical movement , accessibility of legal forums including the registry for the purposes of filing of proceedings (including petitions/applications/suits/appeals/all other proceedings) across India has become difficult for the litigants. Hence, Hon’ble Supreme Court acknowledging the unprecedented situation, , has taken suo moto cognizance and vide order dated March 23, 20201 (“Order”) has extended the period of limitation for all the proceedings with effect from March 15, 2020 till further orders.
COVID-19 PANDEMIC: SEBI MEASURES TO EASE COMPLIANCE NORMS
The potential implications of COVID-19 in India have been visible in most segments of the markets, including equities, currency and bonds. At an operational level, any company may broadly face the following challenges due to a lockdown