"25 April 2023" Archive

IRDAI Information and Cyber Security Guidelines, 2023

IRDAI/GA&HR/GDL/MISC/88/04/2023 25/04/2023

Revised Guidelines are hereby issued in order to enable the insurance industry to strengthen their defenses as well as related governance mechanism to deal with such emerging cyber threats....

Modifications in the requirement of filing of Offer Documents by Mutual Funds

Circulars No. SEBI/HO/IMD/IMD-RAC-2/P/CIR/2023/60 25/04/2023

SEBI decided that AMCs shall file all final offer documents (final SID and final KIM) only digitally by emailing the same to a dedicated email id. viz: imdsidfiling@sebi.gov.in and there would be no requirement of filing of physical copies of the same with SEBI....

SEBI Circular on Bank Guarantees (BGs) created out of clients’ funds

Circulars No. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/061       25/04/2023

The stock exchanges and clearing corporations shall take stock of the current position of the BGs issued out of clients’ funds by SBs/CMs and monitor the wind down to ensure implementation of the circular without any disruption of services to clients. For the purpose, stock exchanges and clearing corporations shall put in place periodic...

Advance Authorization ad-hoc norms validity extended to 31.03.2026

Public Notice No. 09/2023 DGFT [F. No. 01/94/180/011/AM24/PC-4.] 25/04/2023

Para 4.12(vi) of the Handbook of Procedures 2023 in respect of Advance Authorization issued under para 4.07 of HBP 2015-2020 has been amended to extend the validity of ad-hoc norms ratified from 01.04.2015 up to 31.03.2023, which shall now be valid up to 31.03.2026, for ease of doing business and reduction of transaction cost. Government ...

RBI reviews General Credit Card (GCC) Facility

Notification No. RBI/2023-24/19 FIDD.MSME & NFS.BC.No.06/06.02.31/2023-24 25/04/2023

GCC Scheme shall henceforth be called General Credit Card (GCC) Facility.. The instructions shall apply to all banks which are eligible to issue credit cards under the above Master Direction....

Collective Bargaining in India

Explore the intricacies of collective bargaining in India, protected under the Industrial Disputes Act, 1947. Uncover challenges like low unionization rates, unequal bargaining power, and limited legal protection for informal sector workers. Discover opportunities to enhance collective bargaining, including increasing unionization rates, ...

Posted Under: Corporate Law |

Breaking The Chains of Child Labour: Understanding The Issue & Finding Solutions in India

Child labour is defined as the act of employing children in any type of work that causes children to lose out on their childhood, potential, dignity, and hinders their physical and mental growth. According to the International Labour Organization (ILO), there are currently about 152 million children worldwide engaged in child labour, with...

Posted Under: Corporate Law |

Form No. 10 of the Income Tax Act – An overview

Discover the key amendments in Form No. 10 of the Income Tax Act through Notification No. 96/2022. Learn about the conditions, consequences, and the impact on trusts/institutions registered under various clauses of Section 10(23C). Stay informed about the filing requirements and the period for accumulation or setting apart income for subs...

Posted Under: Corporate Law |

Limited Unionization of Labour vis-a-vis Labour Laws in India

Explore the challenges hindering widespread unionization of labor in India. From legal loopholes to the informal sectors exclusion, discover the multifaceted issues impacting workers rights. Learn about the Trade Unions Act, 1926, legal barriers, and the lack of effective enforcement mechanisms. Addressing these challenges is crucial for ...

Posted Under: Corporate Law |

Wage Code, 2019: A Step Towards Women Empowerment

Labour Laws are the one that determines the employment laws in any organization. It addresses the various rulings, compliances, procedures, reasonable restrictions, and legal rights of the working-class people in any organization....

Posted Under: Corporate Law |

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