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Archive: 20 May 2020

Posts in 20 May 2020

13 Mandatory Compliances for a Private Limited Company in India

May 20, 2020 26436 Views 0 comment Print

Although Private Limited Company is the most popular form of starting a business, there are various compliances which are required to be followed once your business is incorporated. Recently, Government strike off more than 2 Lakh companies and disqualified more than 3 Lakh directors for non-compliance of various provisions of Companies Act, 2013. Such type […]

ESI Rules Amended To Allow Maternity Benefits For Commissioning & Adoptive Mother

May 20, 2020 6855 Views 0 comment Print

ESIC has issued a notification by which it notified Employees’ State Insurance (General) (First) Amendment Regulations, 2020 and inserted Regulation 87A : Notice of Commissioning Mother, Regulation 88A: Declaration by Insured Women of her surviving child or children, Regulation 89C : Claim for Maternity Benefit by Commissioning Mother,  Regulation 89D Claim for Maternity Benefit by […]

Employees’ State Insurance (General) (Second) Amendment Regulations, 2020

May 20, 2020 1233 Views 0 comment Print

Employees’ State Insurance (General) (Second) Amendment Regulations, 2020 A member of local committee shall cease to be a member of the committee if he fails to attend three consecutive meetings thereof provided that his membership may be restored by the Regional Director, on being satisfied as to the unavoidable nature of the circumstances which led to his non-attendance.

Inventory Verification by Use of Technology In Lockdown Scenario

May 20, 2020 2229 Views 0 comment Print

The Institute of Chartered Accountant of India (Institute of Chartered Accountant of India) has issued many advisory on various matters of Audit and Accounting. Institute of Chartered Accountant of India has also issued one advisory on important matter i.e. Physical Verification of Inventory for Auditing complied with SAs, Companies Act and others various legal compliances. […]

Reduction in statutory rate of EPF contribution from 12% to 10% – FAQs

May 20, 2020 15015 Views 1 comment Print

FREQUENTLY ASKED QUESTIONS Reduction in statutory rate of EPF contribution from 12% to 10% Q 1. What is revised rate of EPF contribution announced by the Central Govt. under Atmanirbhar Bharat package? Ans. Under this package the statutory rate of EPF contribution of both employer and employee has been reduced to 10 percent of basic […]

Regulatory, Certifying And Licensing Authority In India

May 20, 2020 6606 Views 0 comment Print

A Regulatory agency is a public authority or government agency responsible for exercising autonomous authority over some area of human activity in a regulatory or supervisory capacity. Regulatory Agencies are either set up under a statute or derive their powers from a statute and the rules laid thereunder. For instance, Reserve Bank of India (RBI), […]

SEBI Advisory on disclosure of material impact of Covid–19 pandemic

May 20, 2020 2820 Views 0 comment Print

Advisory on disclosure of material impact of CoVID–19 pandemic on listed entities under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘LODR Regulations’/‘LODR’)

COVID-19 : Bank loan schemes

May 20, 2020 5058 Views 4 comments Print

With the announcement of Relief Packages of Rs. 20 Lacs crores to revive the Economy by the Finance Minister, large number of entrepreneurs are puzzled as how to avail the benefits from these schemes? Where to apply for loans? What could be the interest benefit & so on. This article is an attempt to clarify […]

How to excel in tough time

May 20, 2020 1506 Views 0 comment Print

How do we, who are in legal and compliance services can not just Survive but Excel in tough Time during this Pandemic of COVID-19 A lot is being said and heard about finding Opportunities from Adversity for CS and Lawyers who are in practice. We all have attended number of webinars and sessions about the […]

Arbitration Clause-Condition to furnish Pre-Deposit for invoking Arbitration

May 20, 2020 3489 Views 0 comment Print

It is the speedy and effective settlements of dispute which are the two most important attributes for the proper functioning of the justice delivery system and also important with respect to the faith of the business entities upon such system. Considering such a scenario, arbitration has emerged as an efficient alternative to the public justice delivery system.

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