ESI stands for Employees State Insurance is a scheme commence by the Government of India under the Jurisdiction of Ministry of Labour & Employment with providing integrated social security and social protection to workers and their dependents of the establishment. BENEFIT OF ESI REGISTRATION ESI Registration ensures that employees enjoy the following benefit under the […]
1. Guidelines on Standard Domestic Travel Insurance Product. Circular No. IRDAI/HLT/REG/CIR/119/05/2021 dated 5th May,2021. The IRDAI through Circular No. IRDAI/HLT/REG/CIR/119/05/2021 dated 5th May,2021 issued “Guidelines on Standard Domestic Travel Insurance Product.” The Insurance Regulatory and Development Authority of India (IRDAI) has issued guidelines on Bharat Yatra Suraksha, the standard domestic travel insurance product, that will […]
1. Equalization Levy (EL) is a tax leviable on consideration received by a non-resident for specified services. Specified Service means online advertising or provision of digital space for online advertisement or any other service for purpose of online advertising. Equalization Levy is imposed under the Finance Act 2016 and not as a part of the […]
Smart Vishwas Society Vs National Faceless Assessment Centre Delhi (Delhi High Court) In this case Petitioner, is correct in submitting that the provisions of Section 144B of the Act have been violated as no show cause notice-cum-draft assessment order was issued. That being the position, there is no option, but to set aside the impugned […]
The Capital Market Regulator has issued a Circular on June 01, 2021 to give effect to the provisions of the Finance Act, 2021 for providing tax exemption on transfer of portfolio investments of foreign funds to International Financial Services Centre (IFSC). SEBI has been quick enough to come out with the Circular in order to […]
Instances when Section 447 of Companies Act, 2013 (Fraud) has to be invoked – A quick recap of important provisions. The Companies Act of 2013, unlike its previous predecessor Act of 1956 have tried to list out various provisions or instances wherein Section 447, that exclusively deals with defining Fraud and its punishment, has to […]
Company To Have Board Of Directors under Section 149 of Companies Act, 2013 COMPANY TO HAVE BOARD OF DIRECTORS 1. Number of Directors Every company shall have a Board of Directors consisting of individuals as directors Company Minimum Maximum Public Company 3 15 Private Company 2 One Person Company 1 Company may appoint more than fifteen directors after […]
In view of further streaming the process of on boarding of AIFs in IFSC an application format has been designed as annexed. All the AIFs seeking registration shall be required to submit the application in the above stated format.
Expert Committee on Variable Capital Company submits its report to the International Financial Services Centres Authority (IFSCA) Dr. K.P. Krishnan headed expert committee on Variable Capital Company has submitted its report on the feasibility of Variable Capital Companies in the International Financial Services Centres to the Chairperson of the International Financial Services Centres Authority (IFSCA), […]
Government issues Operational guidelines for Production Linked Incentive Scheme of Pharmaceuticals Applications invited from industry With an aim to enhance India’s manufacturing capabilities by increasing investment and production in the sector and to contribute to product diversification to high value goods in the pharmaceutical sector, Department of Pharmaceuticals notified the ‘Production Linked Incentive (PLI) Scheme […]
