Whole of the State of Nagaland declared as ‘disturbed area’ for a period of one year
The Central Government on the satisfaction that the area comprised within the limits of the whole of the State of Nagaland is
Continue readingLegislation Updates
Revised National Floor Level Minimum Wage (NFLMU) effective from July 1, 2015
The Ministry of Labour and Employment has revised the National Floor Level Minimum Wage (NFLMU) from existing Rs. 137/- to Rs. 160/-per
Continue readingLast date for disclosure and payment of tax & penalty with respect to undisclosed foreign assets under the provisions of Black Money Act declared
On 01.07.2015, the Central Government notified 30.09.2015 as the date on or before which a person may make a declaration in respect
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Services in ‘Iron and Steel Industry’ declared as ‘Public Utility Service’
On 03.06.2015, the Central Government on the satisfaction that the public interest so requires declared the services in ‘Iron and Steel Industry’
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Public Premises (Eviction of Unauthorised Occupants) Amendments Act, 2015 came into force on 22.06.2015
The Central Government in exercise of the powers conferred by Section 1(2) of the Public Premises (Eviction of Unauthorised Occupants) Amendments Act,
Continue readingFinance Ministry issued draft proposals for facilitating Electronic Transactions
On 22 June 2015, the Ministry of Finance issued draft proposals for facilitating electronic transaction in pursuance of the announcement made by
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The Negotiable Instruments (Amendment) Ordinance, 2015
On 15.06.2015, the President of India promulgated the Negotiable Instruments (Amendment) Ordinance, 2015. The objective of the Ordinance is to amend the
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Re-promulgation of Land Ordinance, 2015
The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (Amendment) Ordinance, 2014 to amend the RFCTLARR Act, 2013
Continue readingConstitution (One Hundredth Amendment) Act, 2015
The Constitution (One Hundredth Amendment) Act, 2015 received the assent of President on 28.05.2015. The objective of the Act is to amend
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Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015
The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 received the assent of President on 26.05.2015. The
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Committee constituted to revisit and revitalize the PPP mode of infrastructure development
On 26.05.2015, a Committee to revisit and revitalize the PPP mode of infrastructure development was constituted. The Committee comprises of 10 members,
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Warehousing Corporations (Amendment) Act, 2015
The Warehousing Corporations (Amendment) Act, 2015 received the assent of the President on 13.05.2015. The Act amends the Warehousing Corporations Act, 1962
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Suggestions sought on Land Acquisition Bill, 2015
On 23.05.2015, the Joint Parliamentary Committee, under the Chairmanship of Shri S.S. Ahluwalia, sought views/ suggestions from various public bodies, organizations, associations,
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Repealing and Amending (Second) Act, 2015
The Repealing and Amending (Second) Act, 2015 received the assent of the President on 14.05.2015. The objective of the Act is to
Continue readingSuggestions sought on the draft scheme of the proposed amendment for Computation of Arm Length Price in the Income-tax Act
On 22.05.2015, the Ministry of Finance uploaded the draft outlines of the new scheme of the Finance Act, 2014, which amended the
Continue readingCompanies (Amendment) Act, 2015
The Companies (Amendment) Act, 2015 received the assent of the President on 25.05.2015. The Act amends the Companies Act, 2013 (referred hereto
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Benami Transactions (Prohibition) Amendment Bill, 2015
On 13.05.2015, the Benami Transactions (Prohibition) Amendment Bill, 2015 was introduced in Lok Sabha. The Bill seeks to amend the Benami Transactions
Continue readingRegional Rural Banks (Amendment) Act, 2015
On 12.05.2015, the Regional Rural Banks (Amendment) Act, 2015 received the assent of the President. The objective of the Act is to
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Negotiable Instruments (Amendment) Bill, 2015
On 06.05.2015, the Negotiable Instruments (Amendment) Bill, 2015 was introduced in Lok Sabha. The objective of the Bill is to amend the
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Increased rate of Service tax will become applicable from 1 June 2015
On 20.05.2015, the Central Government notified that the increased rate of Service tax i.e., 14% would become applicable from 01.06.2015. The Finance
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