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Corporate Law News


Reduction in statutory rate of contributions from 12% to 10% for salary months of May, June and July 2020

   20 May 2020 at 09:46

Lower rate of EPF subscription 10% with EPFO notified placing higher liquidity in the hands of employees and employers during COVID -19 pandemicGovernment Sector, their PSEs and establishment whose subscription is being borne by Union Government unde ..

Posted in Corporate Law |   111 Views


Key Highlights of RBI Liquidity Support to Mutual Funds due to COVID-19

   30 April 2020 at 10:24

RBI Announces Rs. 50,000 crore Special Liquidity Facility for RESERVE BANK OF INDIA, vide press release 2019-2020/2276 dated 27th April, 2020 has Announces Rs. 50,000 crore Special Liquidity Facility for Mutual Funds (SLF-MF) In view of the situation ..

Posted in Corporate Law |   32 Views


Relaxation in adherence to prescribed timelines issued by SEBI due to COVID 19

   30 April 2020 at 10:23

Major relaxation is given under:• Certificate Received from Registrar under Regulation 74(5) of the SEBI (D & P) Regulations, 2018• Reconciliation of Shares and Capital Audit : under Regulation 76 of the Securities and Exchange Board of ..

Posted in Corporate Law |   43 Views


Independent Directors are KMP to CG & can't remain in 'cosy club'

   29 April 2020 at 11:23

“INDEPENDENT DIRECTOR - KMP TO CORPORATE GOVERNANCE'- can't remain in 'cosy club': stated by Sh. Injeti SrinivasThe corporate affairs ministry, known as Corporate Governance Agency, is implementing the companies law, has taken v ..

Posted in Corporate Law |   32 Views


EPFO Settles 10.02 Lakh Claims Including 6.06 Lakh COVID-19 Claims

   23 April 2020 at 10:45

EPFO Settles 10.02 Lakh Claims Including 6.06 Lakh COVID-19 Claims Under PMGKY In 15 Working Days ..

Posted in Corporate Law |   44 Views


As Part of PMGKY Package EPFO Settles 3.31 Lakh COVID-19 Claims in 15 Days

   17 April 2020 at 10:31

As Part of PMGKY Package EPFO Settles 3.31 Lakh COVID-19 Claims in 15 DaysAbout Rs 950 Crore DisbursedThe provision notiļ¬ed on 28th March 2020, for a special withdrawal from the EPF Scheme to tide over the COVID-19 pandemic, as part of the Pradhan Ma ..

Posted in Corporate Law |   33 Views


Date of Filing (ECR) for Wage Month March, 2020 Extended Up to 15th March 20

   16 April 2020 at 10:26

Date of Filing Electronic Challan Cum Return (ECR) for Wage Month March, 2020 Extended Up to 15.05.2020 from 15.04.2020Move Incentivises About 6 Lakh Establishments for Salary Payments During Lockdown PeriodConsidering the unprecedented situation cre ..

Posted in Corporate Law |   32 Views


ESIC Further Extends Period for Filing ESI Contribution

   15 April 2020 at 10:58

ESIC Further Extends Period for Filing ESI Contribution3.49 Crore IPs and 12,11,174 Employers to be BenefittedPurchase of Medicines from Private Chemists Permitted during LockdownThe country is dealing with a very challenging situation due to COVID-1 ..

Posted in Corporate Law |   25 Views


EPFO puts in place Online Mechanism to credit EPF and EPS Accounts of Subscribers as per PM Gareeb Kalyan Yojna

   13 April 2020 at 10:12

Around 79 Lakh Subscribers and approximately 3.8 Lakh Establishments to Benefit Subsidy outgo estimated at Rs 4800 Crore for 3 monthsEmployees Provident Fund Organization (EPFO), a statutory body under Union Ministry of Labour and Employment, has ..

Posted in Corporate Law |   24 Views


EPFO settles 1.37 Lakh EPF withdrawal claims to fight Covid-19 in less than 10 days

   11 April 2020 at 12:39

Employees Provident Fund Organisation (EPFO), an statutory body under Union Ministry of Labour & Employment has processed about 1.37 lakh claims across the country disbursing an amount of Rs. 279.65 crore under a new provision especially formulat ..

Posted in Corporate Law |   18 Views



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