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Archive: 14 May 2020

Posts in 14 May 2020

Constitution of ICC and LCC under Sexual Harassment of Women at Workplace Act, 2013

May 14, 2020 15282 Views 0 comment Print

This act came into force on 9 December 2013. The history of this lies back to Vishakha case. In 1997 a female worker, named Vishakha was harassed at workplace which led to formulation of Vishakha guidelines. This act was formulated to supersede Vishakha guidelines. This act provides with provisions for sexual harassment of women at […]

Old Vs. New MSME Classification

May 14, 2020 30852 Views 1 comment Print

Micro, Small and Medium Enterprises (MSME) is one of the most distressed sector during Covid-19. It employs a huge number of people and contributes to around 30% of Indian GDP. There are severe supply chain disruptions especially in the businesses that provide essential services. It is difficult for them to continue paying workers during the […]

Vizag Gas Leak: NGT’s use of the term “Strict Liability” being questioned- Lawgically explained, Why?

May 14, 2020 3636 Views 2 comments Print

Vizag Gas Leak: Strict Liability or Absolute Liability? On May 07, 2020, around 3:45 a.m, Styrene, a hazardous gas got leaked from a chemical factory owned by the South Korean Company named LG Polymers India Pvt Ltd, situated at R.R. Venkatpuram village, Pendurthy Mandal, Vishakhapatnam resulting in the death of 11 persons, hospitalization of more […]

Registrar of Newspapers of India is brought onboard e-SANCHIT

May 14, 2020 738 Views 0 comment Print

. Now, 1 more PGA namely Registrar of Newspapers of India (RNI) with its LPCOs as detailed below is being brought onboard e-SANCHIT-

No deemed dividend when Amount advanced & received back on same date

May 14, 2020 522 Views 0 comment Print

When the company got back its funds on the same day, it cannot fall into the definition of the deemed dividend.

RBI extends IES for Pre and Post shipment Rupee Export Credit

May 14, 2020 864 Views 0 comment Print

It is hereby informed that Interest Equalisation Scheme for Pre and Post shipment Rupee Export Credit is further extended for one more year i.e. upto 31.03.2021 with same scope and coverage.

IRDAI (Appointed Actuary) Regulations, 2017 (Updated )

May 14, 2020 1329 Views 0 comment Print

Insurance Regulatory and Development Authority of India (Appointed Actuary) Regulations, 20171 (Amended up to 14.05.2020) F. No. IRDAI/Reg/6/143/2017.—In exercise of the powers conferred by clause (zd) of sub-section (2) of section 114A of the Insurance Act, 1938 (4 of 1938) read with sections 14 and 26 of the Insurance Regulatory and Development Authority Act,1999 (41 […]

How Housing Finance Companies Sanction home loan to Salaried person?

May 14, 2020 3951 Views 0 comment Print

Due to the rapid Growth & increasing Competition in the Housing Finance Sector, the chances of Procedural Lapses have also been increasing. The Probability of misuse & taking of advantage of the System by unscrupulous elements have also risen. It is very important to take urgent remedial & proactive steps so that incidents of Defaults […]

Relief Measures- Labour Laws – FM announcement 13.05.2020

May 14, 2020 1437 Views 0 comment Print

Relief Measures Under Self Reliant India (Atmanirbhar Bharat) Movement for Labour Laws Amidst COVID-19 Pandemic This is subsequent to relief measures announced earlier for labour laws amidst Covid-19 Pandemic. As per the Self Reliant India Movement (Atmanirbhar Bharat) announced with effect from  13th May 2020, following additional reliefs are given for compliance under Employees Provident […]

Operational Guidelines -Conversion/Switch of GOI Securities

May 14, 2020 513 Views 0 comment Print

Operational Guidelines for Switch/Conversion Transactions with the Government of India – Switch module on ekuber – 1. The market participants can bid in the switch auction through the Switch Transaction module provided in the e-kuber portal.

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May 2020