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Implementation of Insolvency and Bankruptcy Code- Pitfalls & Solutions

Chairperson of the Parliamentary Standing Committee on Finance, having been authorized by the Committee, present this Thirty-second Report on the subject 'Implementation of Insolvency and Bankruptcy Code-Pitfalls and solutions'....

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Posted Under: Corporate Law |

Arbitration under MSME Act

Sub-section 3 of Section 18 of the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 provides that where the conciliation fails under the provisions of the Act, the Micro & Small Enterprises Facilitation Council (MSEFC) shall either itself take up the dispute for arbitration or refer it to any institution or centre providi...

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Posted Under: Corporate Law |

Development Initiatives by Govt. for MSMEs & SSIs

MSME and Small scale industries (SSI) are very important plays vital role in the economic growth of the Company because it helps in increasing employment and economic development of the country. These enterprises account for more than 40% of the total production of goods and services in India. They are one of the main reasons […]...

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Posted Under: Corporate Law |

Govt received complains against marketplace e-commerce entities

Government has received complaints from traders, retailers and industry associations against marketplace e-commerce entities regarding deep discounting, predatory pricing and misuse of market dominance.The said complaints have been forwarded to relevant Government agencies for necessary examination and investigation....

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Posted Under: Corporate Law |

Rajasthan VAT: Date extension – First phase of Amnesty Scheme 2021

Bhiwadi Manufactures Association has written a letter to Shri Ashok Gehlot, Chief Minister of Rajasthan and requested that considering the Quantum of work time limit for First phase of Amnesty Scheme 2021 which is expiring on 31st July, 2021 to be extended till 0th September, 2021. Text of their letter is as follows:- 30th July, […...

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Posted Under: Corporate Law |

Implementation of E Commerce rules under Consumer Protection Act

Based on the previous experiences, we wish to submit that implementation of e-commerce rules must not be de­layed or diverted for some other mechanism to step in as implementation of the rules at this stage is very crucial because more than one latch small shops have been closed due to mal-practices being religiously conducted by these c...

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Posted Under: Corporate Law |

Ayush Ministry strongly denies baseless claim by NICE on COVID-19 treatment protocol

Some misleading claims have been made by a naturopathy related network NICE (Network of Influenza Care Experts)and have been published by some media platforms without journalistic verification. The main claim is regarding developing a protocol of treatment of COVID-19 that has been approved by the Ministry of Ayush. The claimant has uneth...

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Posted Under: Corporate Law |

Startups and Small Companies Shutdown during Covid

The COVID-19 epidemic has temporarily affected various sectors including Micro, Small and Medium Enterprises in the country. Economic activity contracted due to the strict lockdown measures imposed by the Government. This contraction has also had impact on the MSME sector. Studies have been conducted by National Small Industries Corporati...

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Posted Under: Corporate Law |

Development of Small Scale Industries

The Government has announced various relief measures for several sectors under the Aatma Nirbhar Bharat Abhiyan and has taken a number of initiatives to support the MSME Sector in the country, especially in Covid-19 pandemic situation. Some of them are: Rs 20,000 crore Subordinate Debt for Micro Small & Medium Enterprises(MSMEs). Rs...

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Posted Under: Corporate Law |

52,391 entities recognized as startups

Indian startup ecosystem is widely recognized as the 3rd largeststartup ecosystem. As of 14th , July 2021 total 52,391 entities are recognized as startups by Department for Promotion of Industry and Internal Trade (DPIIT) and as of 14th July 2021, more than 5.7 lakh jobs have been reported by more than 50,000 startups....

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Posted Under: Corporate Law |