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  • 11May
    2022

    India Business Bulletin (April 2022)

    MCA has notified the Companies (Management and Administration) Amendment Rules, 2022 (“Amendment Rules”) amending provisions of the Companies (Management and Administration) Rules, 2014 pursuant to which particulars of the register / index / return in respect of the members of a company related to (i) address or registered address; (ii) e-mail ID; (iii) Unique Identification...

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  • 09Mar
    2022

    India Business Bulletin (February 2022)

    The MCA has issued a circular granting relaxation on levy of additional fees on filing of financial statements and annual return for the financial year that ended on 31 March 2021. With the new circular, companies may now file financial statements and annual return with the MCA (beyond the statutory deadline) for the said financial...

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  • 22Feb
    2022

    India Business Bulletin (January 2022)

    The MCA has issued a notification stating that 1 July 2022 shall be the effective date for provisions of the Companies (Amendment Act), 2020, and the Companies (Amendment) Act, 2017 relating to additional fees for delay in filing forms or submitting any requisite documents. Download the PDF file .

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  • 14Jan
    2022

    India Business Bulletin (December 2021)

    The Labour Department of Delhi has notified the Delhi Shops and Establishment (Amendment) Rules, 2021 (“Amendment Rules”) amending the Delhi Shops and Establishment Rules, 1954. Major amendments introduced by the Amendment Rules include – mandatory registration by an occupier of an establishment, under the Delhi Shops and Establishments Act, 1954 online on the Shop &...

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  • 11Dec
    2021

    India Business Bulletin (November 2021)

    Department of Consumer Affairs under Ministry of Consumer Affairs, Food and Public Distribution has notified Legal Metrology (Packaged Commodities) Amendment Rules, 2021 (“Rules”). The Rules mandate declaration of maximum retail price (MRP) inclusive of all taxes on pre packed commodities in Indian currency. Download the PDF file .

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  • 16Nov
    2021

    India Business Bulletin (October 2021)

    In view of challenges being faced by LLPs due to COVID-19 situation and in an effort to promote ease of business and compliances for Micro, Medium and Small Enterprises doing business as LLP, MCA has allowed LLPs to file Form related to the Statement of Account and Solvency for the financial year 2020 – 2021...

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  • 11Oct
    2021

    India Business Bulletin (September 2021)

    MCA has directed all ROCs to approve 2 (Two) months extension for companies that have been unable to hold their AGM for the financial year that ended on March 31, 2021. Accordingly, respective ROCs have extended the time period without seeking any formal request from companies in this regard. The ROCs have further clarified that...

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  • 10Sep
    2021

    India Business Bulletin (August 2021)

    MCA has clarified that CSR funds for COVID-19 vaccination for persons other than the employees and their families is an eligible CSR activity under Schedule VII of the Companies Act, 2013 (“Act”) relating to the promotion of health care including preventive health care and disaster management. Download the PDF file .

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  • 13Aug
    2021

    India Business Bulletin (July 2021)

    The MCA has issued a fresh circular granting additional time to companies to file certain forms (other than charge related forms) up till 31 August 2021 which were/ are due for filing during the period 01 April 2021 to 31 July 2021, without payment of any additional fees. Download the PDF file .

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  • 12Jul
    2021

    India Business Bulletin (June 2021)

    The Ministry of Consumer Affairs, Food and Public Distribution (Department of Consumer Affairs) on June 21, 2021 has proposed amendments to Consumer Protection (E-Commerce) Rules, 2020. The broad proposal includes mandatory registration of e-commerce entities with the Department for Promotion of Industry and Internal Trade (“DPIIT”); mentioning importer details along with country of origin; bar...

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  • 16Jun
    2021

    India Business Bulletin (May 2021)

    MCA has granted additional time period until 31 July 2021 for filing certain forms (list of forms have been issued by the MCA), which are due for filing during the period from 1 April 2021 to 31 May 2021, without payment of any additional filing fees. Download the PDF file .

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  • 13May
    2021

    India Business Bulletin (April 2021)

    The Ministry of Corporate Affairs (MCA) includes spending money on setting up makeshift hospitals and temporary COVID care facilities as eligible activities under Corporate Social Responsibility (CSR) provisions. Download the PDF file .

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  • 14Apr
    2021

    India Business Bulletin (March 2021)

    MCA has amended and notified provisions in schedule V of the Companies Act and Sections 32 and 47 of the Companies (Amendment) Act, 2020 under which the companies having no profits or inadequate profits may pay remuneration to independent directors and/or other non-executive directors as per amended slab of schedule V of the Companies Act....

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  • 16Mar
    2021

    India Business Bulletin (February 2021)

    The MCA has specified the class of companies which shall not be covered under the definition of ‘listed companies’ as contained in section 2(52) of the Companies Act, 2013 (the ‘Act’). The specified classes of companies broadly include private companies and public companies which have not listed their equity shares on a recognised stock exchange,...

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  • 10Feb
    2021

    India Business Bulletin (January 2021)

    Under this Scheme, the companies which had appealed under Section 252 of the Companies Act, 2013 against the orders of striking off the names of the companies before the respective National Company Law Tribunal (“NCLT”) benches and the order have been passed by the NCLT for their restoration between 1 December 2020 and 31 December...

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  • 15Jan
    2021

    India Business Bulletin (December 2020)

    MCA has notified the Companies (Incorporation) Third Amendment Rules, 2020 which amends and introduces a new rule in the Companies (Incorporation) Rules, 2014 to allow companies to seek exten-sion of the reservation of company name for up to 60 days from the date of approval on payment of req-uisite fees. The extension, which is effective...

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  • 12Dec
    2020

    India Business Bulletin (November 2020)

    In light of the disruption caused by the COVID-19 pandemic, the Ministry of Corporate Affairs has decided to extend the dates for undertaking filings by LLPs for belated documents. By way of the extension, if a statement of account and solvency of an LLP for financial year 2019-2020 has been signed beyond the period of...

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  • 13Nov
    2020

    India Business Bulletin (October 2020)

    In order to support and provide relief to corporates during COVID-19 situation and to reduce their compliance burden, the Ministry of Corporate Affairs (“MCA”) has relaxed the minimum residency requirement of directors in a company for the financial year 2020-21. Download the PDF file .

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  • 02Oct
    2020

    India Business Bulletin (September 2020)

    In light of the prevailing COVID-19 circumstances in India, the Ministry of Corporate Affairs (MCA) has extended the applicability of measures which are aimed at providing relief to stressed businesses and reducing compliance burdens Download the PDF file .

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  • 09Sep
    2020

    India Business Bulletin (August 2020)

    In an affidavit filed before the Supreme Court, the DGCA has stated that all tickets booked by passengers in domestic and international airlines between the first two phases of COVID-19 related lockdown, i.e. 25 March to 03 May 2020 will be fully refunded. The affidavit of DGCA also states that if airlines are unable to...

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  • 14Aug
    2020

    India Business Bulletin (June & July 2020)

    The Ministry of Home Affairs (“MHA”) has released an order dated 29 July 2020 prescribing Unlock 3 guidelines for the containment of the pandemic COVID-19 in India (“Unlock 3 Order”) which enumerates guidelines and restrictions including restricted activities, social distancing measures, movement of persons and goods, and directives for COVID-19 management which are applicable to...

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  • 25May
    2020

    COVID-19 Economic Reforms in India (May 2020)

    In a series of policy reforms between 13 May to 17 May 2020, the Government of India has announced a Special Economic and Comprehensive package, which also includes structural policy reforms, aimed at increasing transparency and simplifying policy to boost growth in various sectors. Download the PDF file .

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  • 16May
    2020

    India Business Bulletin (March & April 2020)

    The Ministry of Home Affairs in its order dated 1 May 2020 has issued National directives for public and work places. With this recent order the total list of national directives has been considerably expanded for both public as well as work places, which include mandatory provisions covering the availability of thermal scanners, sanitizers and Aarogya Setu...

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  • 05Dec
    2019

    India-Labour & Employment Alert (November 2019)

    The Ministry of Labour and Employment is conducting a survey that requires establishments contributing to the EPFO to furnish information on the number of SC and ST employees in their roll. A specific format is being send out to companies by Regional Provident Fund of-fices seeking “employment data of the proportion of SC and ST...

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  • 05Dec
    2019

    India Business Bulletin (November 2019)

    The Trade Mark Registry (TMR) issued a public notice dated September 06, 2019 regarding availability of confidential information & documents on the IP India website. The TMR shifted from paper applications to comprehensive e-filing system nearly a decade ago and since then, the documents uploaded online through e-filing system are accessible to the general public....

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  • 06Sep
    2019

    India-Labour & Employment Alert (August 2019)

    The Central Government notified the Wages Code, which repeals and subsumes four principal labour laws, i.e. Minimum Wages Act, Payment of Wages Act, Payment of Bonus Act and Equal Remuneration Act. The Wages Code ensures minimum wages and timely payment of wages to all employees and workers and provides that employees should get their monthly...

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  • 06Sep
    2019

    India Business Bulletin (August 2019)

    The Union Cabinet has approved amendments to the Foreign Direct Investment (“FDI”) Policy which reviews the extant provisions on various sectors with a view to make India a more attractive destination for investment. Download the PDF file .

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  • 05Aug
    2019

    India-Labour & Employment Alert (July 2019)

    The Wages Code once notified will replace the Payment of Wages Act, 1936, Minimum Wages Act, 1948, Payment of Bonus Act, 1965, and the Equal Remuneration Act, 1976. The Wages Code universalizes the provision of minimum wages and their timely payment to all employees, irrespective of the sector and wage ceiling. Download the PDF file...

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  • 05Aug
    2019

    India Business Bulletin (July 2019)

    It has been proposed in the Union Budget of 2019 that local sourcing norms applicable on foreign direct investment (“FDI”) would be further relaxed. Currently, 100% FDI is allowed in single-brand retail with the condition that where the investment exceeds 51%, the investment would have to be approved by the Government and the sourcing of...

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  • 10Jul
    2019

    India Business Bulletin (June 2019)

    The Ministry of Corporate Affairs (“MCA”) has filed applications at the National Company Law Tribunal (“NCLT”) to debar the auditors of IL&FS Financial Services, namely Deloitte Haskins & Sells and BSR Associates (affiliated to KPMG) for their alleged role in helping hide bad loans and not raising alerts on the misstatements in the accounts. Download...

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  • 09Jul
    2019

    India-Labour & Employment Alert (June 2019)

    Ministry of Labour and Employment has reduced contribution of employers and employees under the Employees’ State Insurance Act (“ESI”) to 4% from existing 6.5%. Now, the employers will contribute 3.25% (1.5% less than existing 4.75%) of employees’ salary and employees will contribute 0.75 % (1% less than existing 1.75%) of their salary. The reduced rates...

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  • 04Jun
    2019

    India-Labour & Employment Alert (May 2019)

    Employees Provident Fund Organisation (EPFO) has introduced one page online form to allow faster withdrawal of EPF amounts. This online service is available to EPF members who have linked their Universal Account Number with Aadhaar. Download the PDF file .

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  • 04Jun
    2019

    India Business Bulletin (May 2019)

    Ministry of Corporate Affairs (“MCA”), vide its circular dated 13 May 2019, has clarified that all the companies which had filed e-form ADT-1 for appointment of auditor as an attachment with e-form GNL-2 during the period from 01 April 2014 to 20 April 2014 (due to non-availability of the said e-form ADT-1 during the said...

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