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Mandatory 'Good Corporate Governance' Compliance for Listed Companies

Upcoming Mandatory Compliance by Listed Companies towards "Good Corporate Governance" An Introduction The Market Regulator, Securities, and Exchange Board of India (SEBI) issued amendments to the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 vide it's circular dated 09th and 10th May 2018 tak..

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Early Clearance of MSMES' Bills

To address the issues related to delayed payments of Micro, Small and Medium Enterprises (MSMEs), the Ministry of Micro, Small and Medium Enterprises (MSME)  has taken the following steps: Micro and Small Enterprises Facilitation Councils (MSEFCs) have been set up in all States/ UTs to resolve the delayed payments ..

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Employees' Pension Scheme (Amendment) Scheme, 2020

Representations have been received from individual Employees’ Pension Scheme (EPS), 1995 pensioners as well as various pensioners associations raising issue of amendments in EPS, 1995 as well as demands, inter-alia, regarding enhancement of minimum monthly pension and restoration of commuted value of pension. Considering ..

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Provisions for Women: Employees State Insurance (General) Amendment Regulation 2020

Employees State Insurance Corporation vide notification / Gazette id No. CG-DL-E-13022020-216121 issued dated 11rd February 2020, has published the draft regulation on Employees' State Insurance (General) Amendment Regulations, 2020 on 13.02.2020 further Employees' State Insurance (General) Regulation, 1950 p style="text-align:justify"..

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Developments In Competition Commission and Competition Laws in India

The year 2019 witnessed some significant competition law developments such as the introduction of the green channel notification regime and the decision in the first international cartel case. This update discusses the key highlights of 2019 and a brief overview of what can be expected in 2020. THE YEAR T..

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Important Legal Provisions You Should Know About, Before Visiting the Registrar of Documents!

The Indian Registration Act, The Registration (Karnataka Amendment) Act 1975, The Karnataka Registration Rules 1965, govern the registration of documents. Every person may have to visit the office of registration for registering documents at least once in his lifetime, but provisions of Registration Act remain unknown to common public. This article discusses certain p..

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18,782 cases filed under Insolvency & Bankruptcy Code

As on 30th June, 2019, a total of 18,782 cases have been filed under Insolvency and Bankruptcy Code (IBC), 2016, of which 2,173 cases have been admitted under IBC. Out of 2,173 admitted cases, 1,274 cases were ongoing under different stages of resolution process, 129 cases have resulted in resolution, 491 cases have been approved for commencement of liquidation proc..

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Corporate Compliance Calendar for the month of November 2019

1. Compliance requirement under Income Tax act, 1961 Applicable Laws/Acts p style="text-align: justify..

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Are Contractual Employees Covered Under Maternity Benefits Act? Delhi HC to Decide

The Delhi High Court is faced with a question whether the Maternity Benefit Act of 2017 carves out an exception for women hired on contractual basis to provide consultancy services. The question is posed in a petition moved by National Commission for Women on behalf of a woman who was denied maternity benefits by the National H..

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Company Law Committee Submits Report, Suggests Further Decriminalization and Relaxation of Punitive Measures

The Company Law Committee, which was formed to track the progress consequent to the passing of Companies Act 2019, has presented its report to the Union Finance Minister Nirmala Sitaraman. The Committee was constituted in September 2019 by the Ministry of Corporate Affairs to further decriminalise the provisions of the Companie..

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Date of filing AOC-4 extends to 30/11/19 for FY 2018-2019

All companies in India are required to file Form AOC 4 and MGT 7.  What is Form AOC 4?  The financial statements of a company including documents must be filed with the Ministry of Corporate Affairs every year. The MCA form for filing financial statements is AOC-4 p..

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Law relating to limitation for challenging of arbitration awards

One of the main purposes of arbitration is to resolve commercial disputes within a reasonable time. To achieve this objective UNCITRAL Model law[1] provided for a very limited scope by providing a few grounds to challenge arbitration awards, since regular appeals won’t help the conclusion. Indian procedural law is Arbitration and Conciliation Act,1996 (The Act) ..

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The impact of Arbitration and Conciliation (Amendment) Act, 2019

Government of India to advance its dream of making India International Arbitration hub has brought in a few more changes to the procedural law of India Arbitration and Conciliation Act,1996 In addition to its effort to achieve the above said status it has come out with certain ideas to regulate the arbitration mechanism in India by creating a body Arbitration Counci..

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Right to adduce evidence in the stage of challenging of an Arbitration award is available only in exceptional cases

In a recent Judgment dated 23rd September 2019, Supreme Court of India in the case of Canara Nidhi Limited Vs M.Shashikala and others (2019) SCC Online SC1244 set aside the Judgment of High Court of Karnataka which allowed the parties to adduce addition evidence and cross examine new witnesses, holding that in normal circumstances the grounds of S.34 shall be confined to the pl..

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Foreign Company Compliance - An Overview

Definition of Foreign Company: As per definition given under Section 2 (42) of the Companies Act, 2013; " foreign company " means any company or body corporate incorporated outside India which, - (a) has a place of business in Indi..

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