Micro, small and medium enterprises have always been one of the main growth engines of the Indian Economy. In recognition of their contributions, the Indian Government has formulated various incentive plans to strengthen and improve the competitiveness of the MSME sector. The Government promulgated the "Micro, Small and Medium Enterprises Act 2006." This l..
Ministry of Labour and Employment, Government of India has notified the draft rules relating to Employee’s Compensation under the Code on Social Security, 2020 on 03.06.2021 for inviting objections and suggestions, if any, from the stakeholders. Such objections and suggestions are required to be submitted within a period of 45 days from the date of notification of the draft rules./..
Introduction There has been immense growth in the corporate sector all over the world. Mostly in many countries, the corporate sector is the backbone of its economy, especially in India. It contributes almost 53% to the Indian GDP. In this sector, an individual is offered ample opportunities to grow. So, this growth led to a ..
JUDGEMENT DATE: 18th DECEMBER, 2020 Mr Rajnish Jain - The promoter, Stakeholder and Managing, Director of Suspended Board of Directors Vs. 1. (Manoj Kumar Singh - I.R.P.) Struck off as per Order dated 24.06.2020 2. Anupam Tiwari Resolution Professional for M/s Jain Mfg (India) Private Limited 3. BVN Trade..
Key Takeaways • Government introduced the SICA legislation to tackle the revival and rehabilitation of sick industrial units in 1985 but it was repealed in 2016 com..
Background • The nationwide lockdown induced by the Covid-19 pandemic which began on 25th March, 2020 made the entire country come to a complete standstill. The process of gradually opening up the economy in a phased manner began on 1st June, 2020. • The government introduced v..
All pensioners of Employees’ Pension Scheme 1995 (EPS’95) are required to submit Jeevan Pramaan Patra (JPP) / Digital Life certificate (DLC) each year to continue drawing pension . In the current scenario of COVID-19 pandemic, the Employees’ Provident Fund Organization (EPFO) has facilitated multiple options for EPS pensioners to submit t..
On 4th November 2020, Government of India Ministry of Law and Justice promulgated an ordinance in the name of Arbitration and Conciliation Amendment Ordinance 2020. The said ordinance brought in two major changes to the existing arbitration and cancellation act 1996 (herein after the Act), which is the procedural law governing the international and domestic arbitrat..
"Vigilance Awareness Week” was observed at Hqrs. Office, Delhi and Field offices /Hospitals of ESI Corporation located throughout the country with enthusiasm from 27th October to 2nd November 2020 by organising various programmes and activities to create awareness amongst the stakeholders and the public regarding vigilance activities being undertaken by t..
Corporate social responsibility is a business model that is self-regulated and it holds the companies to be socially accountable to the stake holders and the public. There can be four business responsibilities. Environment efforts: A company can take efforts in making our surroundings better. It can con..
Corporate Social Responsibility or CSR is mandated by the Section 135 read with Schedule VII of the Companies Act, 2013. It states that all companies, having net worth of 500 crore, or turnover of 1000 crore or more or a net profit of 500 crore or more during a financial year to constitute a Corporate Social Responsibility (CSR) Committee Board. The responsibilities..
"Moral of the story is if we make 'Arbitration Clauses' sacred or unquestionable then in the disputes of strong and weak, justice may not win but stronger party would always win" – Hon'ble District Judge, Sh. L. K. Gaur The entire world is moving towards alternative di..
The Federal Court of Canada recently declared the Safe Third Party Agreement with the United States of America invalid. The judgement Canadian Council for Refugees v. Canada was given by single judge Justice Ann Marie McDonald July 22, 2020. It opines that the agreement violates the Canadian Charter as well as certain provisions of the Constitution of Canada. The ju..
EPFO services most accessed on UMANG App; of 47.3 crore hits clocked by the App since August 2019, 41.6 crore or 88% meant for EPFO services The Unified Mobile Application for New-age Governance (UMANG) has been a big hit among EPF subscribers enabling them to access services during COVID-19 pandemic from the c..
The Ministry of Corporate Affairs (MCA) has information of the companies which have violated the provisions of Company Law. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in response to a written question in the Lok Sabha today. MCA either directly or through Regional D..