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Amendments to Indian Stamp Act, 1899 for Rationalization of Stamp Duty

Amendments to the Indian Stamp Act, 1899 for Rationalization of Stamp Duty & Design of Zero Evasion Collection Mechanism in Respect of Securities market instruments...

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Posted Under: Corporate Law |

Govt. recommends 8.65% interest on EPF for 2018-19

Central Board of Trustees, EPF recommends crediting of 8.65% rate of interest on Accumulations in the EPF Member’s Account for the year 2018-19 ...

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Posted Under: Corporate Law |

President promulgates four Ordinances on 21.02.2019

President of India on the 21st February, 2019 has promulgated the following four Ordinances, namely:––1. The Muslim Women (Protection of Rights on Marriage) Second Ordinance, 2019 (Ord. 4 of 2019). 2. The Indian Medical Council (Amendment) Second Ordinance, 2019 (Ord. 5 of 2019). 3. The Companies (Amendment) Second Ordinance, 2019 (Or...

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Posted Under: Corporate Law |

Proposed Reduction in Employee & Employer contribution for ESIC

Notification G.S.R 121 (E) dated 15/02/2019 (19/02/2019)

Ministry of Labour and Employment has issued Gazette Notification G.S.R 121 (E) dated 15/02/2019 (Notification attached) notifying Draft Rules proposing to reduce Employee Contribution for ESIC to 1% from 1.75% and Employer Contribution to 4% from 4.75 %. Currently, the employee’s ESI contribution rate is 1.75% of the wages and that of ...

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Posted Under: Corporate Law |

Government Unveils vision for the Next Decade 

Government Unveils vision for the Next Decade  The Government has unveiled its vision for the next decade, listing thereby ten most important dimensions in 2030. “With this comprehensive ten-dimensional Vision, we will create an India where poverty, malnutrition, littering and illiteracy would be a matter of the past. India would be a ...

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Posted Under: Corporate Law |

Letter to newly registered IPs for attending NCLT proceedings

It is, therefore, essential that an IP is familiar with the processes and procedures followed for filing and submission before the NCLT. In furtherance of this, at the request of the IBBI, the NCLT has kindly agreed to allow a newly registered IP to attend and observe the proceedings of NCLT for five days. ...

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Posted Under: Corporate Law |

Single window clearance for film shoot extended to Indian filmmakers

Recognising India’s Entertainment Industry as a major job sector, the Finance Minister declared extension of single window clearance for film shoot to Indian filmmakers. “Single window clearance for ease of shooting films, available only to foreigners, is now going to be made available to Indian filmmakers as well,...

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Posted Under: Corporate Law |

Defence budget hiked to Rs. 3,05,296 crore (Budget 2019)

Defence budget hiked to Rs. 3,05,296 crore  Rs. 3,05,296 crore have been provided in the Budget Estimates for 2019-20, compared to Rs. 2,82,733 crore provided in 2018-19 Budget Estimates. The figures were revised to Rs. 2,85,423 crore in the Revised Estimates of 2018-19. While presenting the Interim Budget 2019-20 in Parliament today the...

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Posted Under: Corporate Law |

Assured income support to small & marginal farmers (Budget 2019 )

Pradhan Mantri Kisan Samman Nidhi announced to provide assured income support to small and marginal farmers  Vulnerable landholding farmers having cultivable land upto 2 hectares to be provided direct income support of Rs. 6000 per year Around 12 Crore small and marginal farmer families are expected to benefit. To provide an assured inco...

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Posted Under: Corporate Law |

Provide 50K Crore for Advocates in Union Budget every Year: BCI

Bar Council of India has demanded from Government by representation Insurance cover upto Rs. 20,00,000/- for the Lawyers and their families (dependents), free medical treatment of every type of disease in best Hospitals of India & other countries, Stipend for needy new entrants at the Bar upto 5 years of their practice (Minimum Rs. 10...

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Posted Under: Corporate Law |