Industry Insights
SEBI must be instructed
to proivde relaxation in
rules for capital raising
for listed companies due
to the sudden fall in
stock prices
MORATORIUM:
While RBI has already allowed a Moratorium of
three months on Term Loans and Working Capital
Loans, considering the long working capital cycle,
this needs to be extended to six months. Further,
Purchase Bills Discounting and Letter of Credits
dues must also be given a 90-day Moratorium.
SEBI:
SEBI must be instructed to provide relaxation in
rules for Capital Raising for Listed companies due
to the sudden fall in stock prices. Further, SEBI
must also provide a 90-day moratorium on Listed
Debt Instruments which are used for financing
Working Capital and Term Loans.
ELECTRICITY:
Waiver of Minimum Demand Load charges for
four months from March 2020 to June 2020
must be excused. State Government to waive
Electricity Duties for four months.
GST:
An additional allowance of 90 days must be
given for depositing GST Dues for March and
an extra 30 days for GST for the months of May
and June 2020.
40 I APPAREL I August 2020