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Archive: 09 May 2020

Posts in 09 May 2020

Independent Directors- Applicability, Meeting, Disclosures

May 9, 2020 5313 Views 0 comment Print

Section 149 of Companies Act 2013 deals with Appointment and Qualification of Directors. Same Section also contains Provisions related to Appointment of Independent Directors. 1. Applicability of Independent Directors (“IDs”): All Listed Companies All Public Companies having a. Turnover is Rs. 100 cr or more b. Aggregate Outstanding loans, debentures and deposits exceeds Rs. 50 […]

Appointment and Resignation of Director under Companies Act, 2013

May 9, 2020 38940 Views 0 comment Print

Appointment (Section 152) and Resignation of Director (168) under Companies Act, 2013 Appointment of Director: Section 152, Companies Act, 2013 Directors in a Company are responsible for the management of their companies, and board play an important role in governance, setting strategic direction of the companies. A director is a person who is appointed to […]

Guideline on restarting manufacturing industries after lockdown period

May 9, 2020 1311 Views 0 comment Print

Union Ministry of Home Affairs (MHA), has issued detailed guidelines under the Disaster Management Act, 2005, on restarting manufacturing industries after the lockdown period.

The Code on Social Security, 2019

May 9, 2020 1938 Views 0 comment Print

Currently there are over 40 Labour Law Legislations that are in force in our country. The Government of India has embarked on a herculean task to amalgamate all of these labour law legislations into four Labour Codes. These Codes aims to simplify the labour law compliances which will in turn help these businesses to target their resources toward the development of the industry instead of complicated labour law compliances.

Digital Health vis-à-vis Intellectual Property Rights

May 9, 2020 1350 Views 0 comment Print

Digital Health may be said to include the apparatuses and services that use information and communication technologies (ICT) for the purposes related to health. These purposes widely include improving accuracy in diagnosis, monitoring chronic diseases meticulously and improving treatment processes for the patients.

COVID-19-Boon or Curse !

May 9, 2020 7611 Views 0 comment Print

The Covid-19 pandemic is going to change many things and create a new normal. Lifestyles will change, people will become more health conscious, masks and hand sanitizers will become part of routine life. What more is in store? As a citizen, one must evaluate the upcoming opportunities and challenges. It is said that that industry […]

Compliance – Income tax Return Filing- Why and how to reply ?

May 9, 2020 61977 Views 41 comments Print

The Mission of Our Income Tax Department is To promote Compliance with our direct tax laws, through caring taxpayer service and strict enforcement, and thus realize maximum resources for the Nation.

Challenges and Drawbacks of Pre-Packaged deals in IBC

May 9, 2020 1917 Views 0 comment Print

A pre-packaged scheme is an arrangement under which stressed company and the purchaser negotiate the sale of all or part of a company’s business or assets prior to the appointment of an insolvency professional as administrator. The completion of such a transaction is conditional on the scrutiny of details by the Insolvency professional appointed and until he gives a nod for the sale to be effected, the consideration by the purchaser is held in an escrow account.

Labour Laws Compliance and Audit in India

May 9, 2020 16719 Views 0 comment Print

Over a period of time, the government has taken various legislative, administrative and e-governance initiatives in the field of labour laws to generate employment and to facilitate ease of doing business. Labour Law is the body of law which focuses on ensuring the protection of the rights of workers in India.

Clarification on Regularization of Absence during COVID-19 Lockdown Period

May 9, 2020 17154 Views 3 comments Print

No.A.11014/1/2020-I Government of India Department of Space Bengaluru- 560094. May 09, 2020 Sr. Head P&GA, ISRO Headquarters, Bengaluru Sir, Subject: Clarification on regularization of absence during COVID-19 lockdown period- reg. Please refer ISRO HQ Note/letter No. HQ:ADMN:COVID:20 dated 20.04.2020 seeking clarification with regard to regularization of absence during COVID-19 lockdown period imposed by the Government […]

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