Corporate Law news

COVID-19 Specific Process to Claim Your PF Advance

1. Login to Member Interface of Unified Portal http://unifiedportal-mem.epfindia.gov.in 2. Go to online services and Click on Claim (Form-31,19,10C & 10D) Tab 3. Enter your Bank account number and Verify. 4. Click on ‘Proceed for Online Claim’ 5. Select PF Advance (Form 31) Form the Drop Down Menu 6. Select Purpose as R...

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Posted Under: Corporate Law |

Relaxation In Statutory & Compliance Matters due to Covid 19

We all are aware that our honorable Prime Minister has called for ‘AATMA NIRBHAR BHARAT’ which is a big leap of faith taken by him to announce 20 Lac crore Economic Package; which is third largest in the world; which has something for every sector of economy. Our Finance Minister has given details of “AATMA […]...

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Posted Under: Corporate Law |

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

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 [&hel...

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Posted Under: Corporate Law |

Support & reduction in EPF contribution for businesses & workers by GOI

Support and reduction in Employee’s Provident Fund (EPF) contribution for businesses and workers by the GOI The wage-earners earning below Rs.15000/- per month in businesses having less than 100 workers are being supported by the Government of India (GOI) by way of Pradhan Mantri Garib Kalyan Package (PMGKP). On 26th March 2020, FM ...

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Posted Under: Corporate Law |

26 Key Lockdown Relaxation in Delhi announced on 18.05.2020

26 Key Highlights on Lockdown Relaxation in Delhi announced by Delhi CM Arvind Kejriwal on 18th May, 2020 Delhi Chief Minister Arvind Kejriwal today announced a slew of revised guidelines for phase four of the nationwide lockdown, saying barber shops, spas and salons will remain closed in the national capital for now and stepping out [&he...

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Posted Under: Corporate Law |

Effective Implementation of RERA can Restore Trust Between Buyer & Seller

Primary Aim is to Address Concerns of Homebuyers to Ensure Completion of Projects: Durga Shanker Mishra More Than 52,000 Real Estate Projects &40,517 Real Estate Agents Registered Under RERA RERA Day Organized...

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Posted Under: Corporate Law |

No penalty for delayed deposit of EPF dues during lockdown

No. C-1/Misc./2020-21/Vol.I/112 (15/05/2020)

Considering the difficulty faced by the establishments in timely deposit of contributions or administrative charges due for any period during lockdown, the EPFO has decided that such delays due to operational or economic reasons shall not be treated as default and penal damages should not be levied for such delay....

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Big victory for CBI and big jolt for Vijay mallya

In a major development today i.e.14th May 2020, the High Court of Justice, London, UK has rejected the application dated 29.04.2020 of Mr. Vijay Mallya seeking permission to appeal to the UK Supreme Court against its order dated 20.04.2020....

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Posted Under: Corporate Law |

Measures In Support of Agriculture & Fisheries

3rd Tranche of Annoucements on Rahat Budget Package Under Atma-Nirbhar Abhiyan Dated 15.05.2020 MEASURES IN SUPPORT OF AGRICULTURE 1. INR 1 lakh crore for aggregators, Farmer Producer Organisations, primary agriculture cooperation societies, and for strengthening farm gate infrastructure (cold chains, supply chains etc.). 2. INR 10,000 cr...

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Posted Under: Corporate Law |

Earlier and revised definition of MSME

Definition of MSME will be revised by raising the Investment limit. An additional criteria of turnover also being introduced. The distinction between manufacturing and service sector will also be eliminated. Definition of MSMEs will be revised Investment limit will be revised upwards Additional criteria of turnover also being introduced. ...

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Posted Under: Corporate Law |

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