phone icon+91-11 4195 4195
divider

Resources

  • 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...

    Read more
  • 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...

    Read more
  • 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 .

    Read more
  • 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 .

    Read more
  • 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...

    Read more
  • 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...

    Read more
  • 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 .

    Read more
  • 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...

    Read more
  • 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...

    Read more
  • 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....

    Read more
  • 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...

    Read more
  • 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 .

    Read more
  • 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...

    Read more
  • 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...

    Read more
  • 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...

    Read more
  • 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...

    Read more
  • 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 .

    Read more
  • 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...

    Read more
  • 10May
    2019

    Intellectual Property Bulletin (April 2019)

    Recently Gujarat based pharmaceutical companies Cadila Healthcare Ltd., Maan Pharmaceutical Ltd. and West Coast, have been temporarily injuncted by the Gujarat High Court from manufacturing, launching and selling Linagliptin, which is used for treating TYPE-2 Diabetes. The German Company Boehringer Ingelheim Pharma GmbH & Co. KG, has filed a suit and claimed to have a...

    Read more
  • 03May
    2019

    India Business Bulletin (April 2019)

    Ministry of Corporate Affairs “MCA” vide its Office Memorandum dated 06 March 2019 had restricted Limited Liability Partnerships “LLP” from undertaking business activities which included manufacturing and allied activities. Download the PDF file .

    Read more
  • 03May
    2019

    India-Labour & Employment Alert (April 2019)

    Recently, Supreme Court of India dismissed a Special Leave Petition filed by Employees Provident Fund Organisation (EPFO) against a Kerala High Court order that had asked EPFO to give pension to all retiring employees on the basis of their full salary, rather than capping the figure on which contribution is calculated. It is expected from...

    Read more
  • 12Apr
    2019

    India Business Bulletin (March 2019)

    Ministry of Corporate Affairs vide its notification dated 06 March 2019 has notified an amendment in Companies (Incorporation) Rules, 2014 wherein the incorporation (SPICE forms) fees will be zero if the authorized share capital is up to INR 15 Lakhs with effect from 18th March 2019. Download the PDF file .

    Read more
  • 12Apr
    2019

    India-Labour & Employment Alert (March 2019)

    The Ministry of Finance, Department of Revenue via notification dated 8th March 2019, has increased the limit of tax-free gratuity to INR 20 lakh under Section 10 (10) (iii) of Income Tax Act, 1961 in relation to employees who retire or become incapacitated prior to such retirement or pass away after the 29th day of...

    Read more
  • 14Mar
    2019

    Intellectual Property Bulletin (February 2019)

    The Drug Price Control Order, 2013 has been amended to exempt the drugs patented under the Indian Patents Act, from the ambit of price control regulations for five years. The duration of five years is reckoned from the date of commercial marketing by the manufacturer in India. The drugs for treating orphan diseases are also...

    Read more
  • 06Mar
    2019

    India-Labour & Employment Alert (February 2019)

    Ministry of Labour and Employment via notification dated 29th January 2019, amended Rule 5 of Payment of Bonus (Amendment) Rules, 1975. The revised Rule provides that every employer shall, on or before, the 1st day of February in each year, upload unified annual return in Form D on the web portal of the Central Government...

    Read more
  • 05Mar
    2019

    India Business Bulletin (February 2019)

    The Ministry of Corporate Affairs (“MCA”) vide its notification dated February 21, 2019 amended the Companies (Incorporation) Rules, 2014 to introduce a new rule titled Active Company Tagging Identities and Verification (ACTIVE) rule for the verification of registered office of the Indian company (“ACTIVE Rules”). These ACTIVE rules shall be effective from February 25, 2019....

    Read more
  • 09Feb
    2019

    India-Labour & Employment Alert (January 2019)

    The Ministry of Finance is considering doubling the minimum pension under Employees’ Pension Scheme to INR 2000 per month from current INR 1000 per month. Those part of the Employees’ Provident Fund Organization automatically become subscribers to the EPS. Download the PDF file .

    Read more
  • 06Feb
    2019

    India Business Bulletin (January 2019)

    The Companies (Amendment) Bill, 2018 was passed in Lok Sabha on the 4 January, 2019 and is pending before Rajya Sabha. The Government hence considered it necessary to re-promulgate the Companies (Amendment) Ordinance, 2019 (“Ordinance”) on January 12, 2019 to amend the Companies Act, 2013 (“Act”). Download the PDF file .

    Read more