Lok Sabha passes Maternity Benefit (Amendment) Bill, 2016
Lok Sabha has passed the Maternity Benefit (Amendment) Bill, 2016 on 9th March, 2017, which inter alia includes increasing the maternity benefits
Continue readingLegislation Updates
Trade Mark Rules, 2017 reduce trade mark forms from 74 to 8
The Trade Mark Rules, 2017 have been notified and have come into effect from 06th March, 2017. These Rules, which replace the
Continue readingAngel Funds allowed to invest in securities of overseas companies subject to RBI guidelines
No. SEBI/LAD-NRO/GN/2016-17/026.— In exercise of the powers conferred by sub-section (1) of Section 30 read with sub-section (1) of Section 11, clause
Continue reading
GST Council approves the Central Goods and Services Tax Bill and the Integrated Goods and Services Tax Bill
The Goods and Services Tax (GST) Council, in its meeting held in Vigyan Bhawan in New Delhi under the Chairmanship of the Union
Continue readingThe Securities and Exchange Board of India (Foreign Portfolio Investors) (Second Amendment) Regulations, 2017, notified
No. SEBI/LAD/NRO/GN/2016-17/035.- In exercise of the powers conferred by sub-section (1) of Section 30 read with sub-section (1) of Section 11, clause (ba)
Continue reading
Cabinet approves amending the Collection of Statistics Act, 2008, to extend its jurisdiction to Jammu & Kashmir
The Union Cabinet has approved a proposal to introduce a Bill in Parliament to extend the jurisdiction of the Collection of Statistics
Continue readingIBBI invites comments on Draft Regulations for Voluntary Liquidation of Corporate Persons
The Ministry of Corporate Affairs had set-up four Working Groups to facilitate implementation of the Insolvency and Bankruptcy Code, 2016. The Working
Continue reading
The Companies (Compromises, Arrangements and Amalgamations) Rules, 2016
G.S.R. 1134(E).—In exercise of the powers conferred by sub-sections (1) and (2) of section 469 read with sections 230 to 233 and
Continue readingInsolvency and Bankruptcy Board of India (Procedure for Governing Board Meetings) Regulations, 2017, notified
IBBI/2016-17/GN/REG007.— In exercise of the powers conferred by Section 192(1) read with Section 240 of the Insolvency and Bankruptcy Code, 2016, the
Continue reading
Medical Devices Rules, 2017 to remove regulatory bottlenecks
The Ministry of Health and Family Welfare has notified Medical Devices Rules, 2017 on 31.01.2017. The new Rules have been framed in
Continue readingClarifications on implementation of GAAR provisions under Income Tax Act, 1961
The General Anti Avoidance Rule (GAAR) provisions shall be effective from the Assessment Year 2018-19 onwards, i.e. Financial Year 2017-18 onwards. The necessary procedures
Continue reading
ESI benefits extended to surrogate and adopting mothers
G.S.R. 62(E).—Whereas draft rules further to amend the Employees’ State Insurance (Central) Rules, 1950 were published in the Gazette of India, Extraordinary,
Continue readingCBDT issues Guiding Principles for determination of Place of Effective Management (POEM) of a Company
The concept of Place of Effective Management (POEM) for deciding the Residential Status of a company was introduced by the Finance Act,
Continue reading
Cabinet approves repealing of obsolete and redundant laws
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for introduction of the Repealing and Amending
Continue reading
Adoption Regulations, 2017 to become operational w.e.f. January 16, 2017
The Adoption Regulations, 2017 framed by ‘Central Adoption Resource Authority’ (CARA) as mandated under Section 68(c) of Juvenile Justice (Care and Protection
Continue readingIssue of Convertible Notes by Indian startup companies – FEMA Regulations, 2016 notified
G.S.R. 16 (E).—In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the
Continue readingBank accounts to be linked with PAN & Form No. 60 by Feb. 28, 2017
G.S.R. 14(E).—In exercise of the powers conferred by Section 139A and Section 285BA, read with Section 295 of the Income Tax Act,
Continue reading
Mandatory for dog breeders & marketers to register with State Animal Welfare Board
The Ministry of Environment, Forest and Climate Change has invited comments on the draft notification of Prevention of Cruelty to Animals (Dog
Continue reading
AADHAR to be made mandatory for MNREGA
S.O. 19(E).––Whereas, the use of Aadhaar as identity document for delivery of services or benefits or subsidies simplifies the Government delivery processes,
Continue readingNational Company Law Tribunal to be the sanctioning authority for all matters pertaining to restructuring of companies, rules notified
G.S.R. 1134(E).—In exercise of the powers conferred by sub-sections (1) and (2) of Section 469 read with Sections 230 to 233 and
Continue reading