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Guidelines for Registration of Factory/Establishment under ESI Act 1948

The ESI Act, 1948 is applicable to all factories and notified establishments in an implemented area employing 10 or more employees employed for wages. a) For Factory:‑ The threshold for coverage of “factory”, as per section 2(12) of the ESIC Act is 10 which are located in implemented areas. At present the Act is extended [&h...

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Posted Under: Corporate Law |

Restricting on formation of LLP for manufacturing activities withdrawn: MCA

Manufacturing & allied activities were restricted in LLPs vide OM No. CRC/LLP/e-Forms dated 06.03.2019. This OM invoking the restriction regarding manufacturing & allied activities has been withdrawn with immediate effect. In its OM MCA has earlier said that incorporation of LLPs and conversion into LLPs with the proposed business...

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Posted Under: Corporate Law |

IBBI invites comment on Application to Adjudicating Authority Rules, 2016

Comments are invited on the Insolvency and Bankruptcy Code, 2016 (Code) and the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016.(AA Rules)...

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Posted Under: Corporate Law |

IBBI clarifies on news item ‘Banks Recoveries from IBC Cases Falling’

IBBI/CIRP/4065 (16/04/2019)

IBBI/CIRP/4065 16th April, 2019 To The Editor, Economic Times 3rd Floor, Times of India Building Opposite CST Railway Station Dr. D. N. Road Fort, Mumbai — 400001 Dear Editor, This has reference to the article titled: “Banks’ Recoveries from IBC Cases Falling” in ‘The Economic Times’ dated 16th April, 2019....

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Posted Under: Corporate Law |

Panel of Insolvency Professionals for appointment as Administrator

Panel of Insolvency Professionals [prepared in accordance with ‘Guidelines for Appointment of IPs as Administrators under the SEBI (Appointment of Administrator and Procedure for Refunding to the Investors) Regulations, 2018.‘] for appointment as Administrator for a period from 10th April 2019 to 30th September 2019. Download ...

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Posted Under: Corporate Law |

MCA Restricting Manufacturing Businesses to form an LLP: ICSI

It has been noticed that in recent times the manufacturing businesses are being restricted from incorporating as LLP on the ground that manufacturing activities does not fall under the definition of `Business' as per the Limited Liability Partnership Act, 2008.Similarly the conversion of private and unlisted companies into LLP has been re...

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Provisional list of IPs prepared for Appointment as Administrators under SEBI Law

Provisional list of IPs prepared in accordance with' Guidelines for Appointment of IPs as Administrators under the SEBI (Appointment of Administrator and Procedure for Refunding to the Investors) Regulations,2018.' ...

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Exposure Draft on Guidelines on Settlement of Personal Accident and Benefit Based Health Insurance Claims in Installments

In order to examine proposals received for allowing the Insurers to settle claims in installments in respect of personal accident and benefit based products, the Authority constituted a working group vide IRDAI order ref IRDA/HLT/ORD/MISC/171/10/2018 dated 12th October 2018....

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Posted Under: Corporate Law |

IBC takes 300 days, BIFR took 5-8 yrs; IBBI not submitted any affidavit

This has reference to an article appearing in the Business Standard dated 1st April, 2019, titled IBC takes 300 days, BIFR took 5-8 yrs; IBBI Chief....

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Posted Under: Corporate Law |

Chairperson, Lokpal administers oath of office to Members, Lokpal

The Chairperson, Lokpal, Sh. Justice P. C. Ghose administered the oath of office to the following Members of Lokpal at a function organised here today: 1. Sh. Justice Dilip Babasaheb Bhosale 2. Sh. Justice Pradeep Kumar Mohanty 3. Smt. Justice Abhilasha Kumari 4. Sh. Justice Ajay Kumar Tripathi 5. Sh. Dinesh Kumar Jain 6. Smt. […]...

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Posted Under: Corporate Law |