COVID-19

Effect of Covid-19 Pandemic on Insurance Industry

Corporate Law - As you are aware that with the advancement of technology , our standard of life has been improved. We have developed a lot on technological front ,which help us to spend our life with ease and hassle-free. The modern technologies have provided us everything which will provide us comfort and advantage. Our wealth and earnings […]...

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Exemption of amount received for medical treatment and on account of death due to COVID-19

Corporate Law - Exemption of amount received for medical treatment and on account of death due to COVID-19 Clause (x) of sub-section (2) of section 56 of the Income-tax Act, 1961 (the Act) inter alia, provides that where any person receives, in any previous year, from any person or persons any sum of money, without consideration, the aggregate […]...

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Withdraw of Fund from EPF account related to Covid

Corporate Law - The government has notified the amendment in EPF scheme rules regarding withdrawal of funds from the EPF account to deal with coronavirus-related financial exigencies. The government had allowed employees to withdraw from their provident fund account in case they needed emergency funds due to financial stress caused by the covid-19 pandem...

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SC extends limitation owing to Covid guidelines in 2022

Corporate Law - Covid Limitation Supreme Court has once again decided on extended limitation owing to Covid guidelines in 2022. The Order dated 23.03.2020 was passed in view of the extraordinary health crisis. On 08.03.2021, the order dated 23.03.2020 was brought to an end, permitting the relaxation of period of limitation between 15.03.2020 and 14.03.20...

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21 Things to Know about GST

Corporate Law - 1. Compliance burden reduced for GST Taxpayers -Taxpayers with Annual Aggregate Turnover (AATO) upto 2 5 Crore not required to file the reconciliation statement in FORM GSTR-9C for FY 2020-21 onwards -Taxpayers with AATO above 2 5 Crore can now self-certify the reconciliation statement in FORM GSTR-9C for FY 2020-21 onwards (instead of ge...

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Measures taken by Govt to reduce compliance burden for corporates

Corporate Law - Ministry of Corporate Affairs has taken various measures to reduce the compliance burden considering the impact of COVID-19 pandemic:-The Companies Fresh Start Scheme, 2020 was launched to make a fresh start for companies to become fully compliant by allowing them to file belated documents in MCA 21 registry without any additional fees fr...

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Many State Govts requested for extension of GST compensation payment period

Corporate Law - Whether the Government has received proposals from the State Governments requesting for extension of payment of Goods and Services Tax(GST) compensation to the States for another five years keeping in view the difficulties caused by Covid-19 Pandemic...

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Impact of Covid-19 On Economy

Corporate Law - As per the 1st Revised Estimates released by National Statistical Office (NSO), Ministry of Statistics and Program Implementation (MoSPI), India’s real Gross Domestic Product (GDP) is estimated to have contracted by 6.6 per cent during FY 2020-21. This contraction reflects the unparalleled effect of the COVID-19 pandemic and the contain...

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PM CARES for Children Scheme Extended up to 28.02.2022

Corporate Law - PM CARES for Children Scheme Extended up to 28th February, 2022 The Ministry of Women and Child Development, Government of India has extended the PM Cares for Children Scheme till 28th February, 2022. Earlier the scheme was valid till 31st December, 2021. A letter in this regard has been written to all Principal Secretaries/ Secretaries...

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Steps to mitigate negative impact of Covid-19 on small businesses

Corporate Law - IMPACT OF COVID-19 ON SMALL BUSINESSES The Government has taken a number of recent initiatives under the Aatma Nirbhar Bharat Abhiyan to mitigate the negative impact of Covid-19 on small businesses in the country and to improve their financial and market access. Some of them are: i. Rs. 20,000 crore Subordinate Debt for stressed MSMEs. [&...

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Article 21 encompasses right to individual to refuse vaccination

Jacob Puliyel Vs Union of India (Supreme Court of India) - Jacob Puliyel Vs Union of India (Supreme Court of India) Facts- The Petitioner was a member of the National Technical Advisory Group on Immunization (NTAGI) and was advising the Government of India on vaccines. In the Writ Petition, the Petitioner highlighted the adverse consequences of emergency ap...

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HC Refuses to Order Rs. 1 Crore Compensation for Covid-19 Deaths

DR Vidyottma Jha Vs Govt of NCT of Delhi & Anr. (Delhi High Court) - DR Vidyottma Jha Vs Govt of NCT of Delhi & Anr. (Delhi High Court) In our view, it is not for this Court to direct payment of ex gratia compensation of Rs.1 Crore to all families whose members died due to Covid-19. The GNCTD has already formulated a uniform policy for the payment of ex […...

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SC guidelines for payment of ex gratia of Rs 50000 to families of those who died due to Covid-19

Gaurav Kumar Bansal Vs Union of India and others (Supreme Court of India) - Hon’ble Supreme Court has made clear that irrespective of the cause of death mentioned in the death certificate, if a family member satisfies the eligibility criteria mentioned in paragraphs 11(i) to 11(iv) as above shall also be entitled to the ex-gratia payment of Rs. 50,000/- on production of r...

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SC Restores Limitation Extension & excludes Period From 15.03.2020 to 28.02.2022 From Limitation

In Re: Cognizance For Extension of Limitation (Supreme Court of India) - The order dated 23.03.2020 is restored and in continuation of the subsequent orders dated 08.03.2021, 27.04.2021 and 23.09.2021, it is directed that the period from 15.03.2020 till 28.02.2022 shall stand excluded for the purposes of limitation as may be prescribed under any general or special laws i...

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SC upheld MTT Guidelines prohibiting export of PPE products

Akshay N Patel Vs Reserve Bank of India (Supreme Court of India) - Akshay N Patel Vs Reserve Bank of India (Supreme Court of India) Facts- The appellant has challenged the constitutionality of Clause 2(iii) of the 2020 MTT (Merchanting Trade Transactions) Guidelines by alleging a violation of his rights under Articles 14, 19(1)(g) and 21. The main issue involved is...

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Extension of timelines for sale & renewal of short term Covid specific health insurance policies

Ref. No: IRDAI/HLT/REG/CIR/57/03/2022 - (28/03/2022) - Corona Kavach Policies offered as per Guidelines on Covid Standard Indemnity based Health Policy and Corona Rakshak Policies offered as per Guidelines on Covid Standard benefit based Health Policy are permitted to be offered and renewed by all insurers up to 30.09.2022....

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Eligibility condition of ESIC COVID-19 RELIEF SCHEME relaxed

Notification No. N-12/13/01/2019-P&D - (22/03/2022) - The deceased Insured Person must have been in employment on the date of diagnosis of COVID-19 disease and contributions for at least 35 days should have been paid or payable in respect of him/her during a period of maximum one year immediately preceding the diagnosis of COVID-19 disease resulting in...

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All COVID-19 Restriction to end on 31.03.2022 but face masks to remain mandatory

D.O. No. 40-3/2020-DM-I (A) - (22/03/2022) - NDMA has taken a decision that there may not be any further need to invoke the provisions of the DM Act for COVID containment measures. Accordingly, after the expiry of the existing MHA Order No. 40-3/2020-DM-I (A) dated 25th February, 2022...

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Maharashtra government decides to relax Covid restrictions from March 4

Order No. DMU/2020/CR. 92/DisM-1 - (01/03/2022) - The state government has decided to relax the restrictions imposed on the state from March 4. Administrative factors are classified as 'A' and 'B' according to the Covid current status, risk, vaccination status, positivity rate and number of beds occupied by patients....

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MHA issued Advisory on containment measures for COVID-19

Order No. 40-3/2020-DM-I(A) - (25/02/2022) - States need to watch the trajectory of cases in particular geographies to ensure that the areas reporting positivity rate above 10% and/or bed occupancy more than 40% on either oxygen supported or ICU beds should undertake required enforcement, containment, and restriction measures....

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Recent Posts in "COVID-19"

Article 21 encompasses right to individual to refuse vaccination

Jacob Puliyel Vs Union of India (Supreme Court of India)

Jacob Puliyel Vs Union of India (Supreme Court of India) Facts- The Petitioner was a member of the National Technical Advisory Group on Immunization (NTAGI) and was advising the Government of India on vaccines. In the Writ Petition, the Petitioner highlighted the adverse consequences of emergency approval of vaccines in India, the need fo...

Read More

Effect of Covid-19 Pandemic on Insurance Industry

As you are aware that with the advancement of technology , our standard of life has been improved. We have developed a lot on technological front ,which help us to spend our life with ease and hassle-free. The modern technologies have provided us everything which will provide us comfort and advantage. Our wealth and earnings […]...

Read More
Posted Under: Corporate Law |

HC Refuses to Order Rs. 1 Crore Compensation for Covid-19 Deaths

DR Vidyottma Jha Vs Govt of NCT of Delhi & Anr. (Delhi High Court)

DR Vidyottma Jha Vs Govt of NCT of Delhi & Anr. (Delhi High Court) In our view, it is not for this Court to direct payment of ex gratia compensation of Rs.1 Crore to all families whose members died due to Covid-19. The GNCTD has already formulated a uniform policy for the payment of ex […]...

Read More

Measures taken by Govt to reduce compliance burden for corporates

Ministry of Corporate Affairs has taken various measures to reduce the compliance burden considering the impact of COVID-19 pandemic:-The Companies Fresh Start Scheme, 2020 was launched to make a fresh start for companies to become fully compliant by allowing them to file belated documents in MCA 21 registry without any additional fees fr...

Read More
Posted Under: Corporate Law |

Extension of timelines for sale & renewal of short term Covid specific health insurance policies

Ref. No: IRDAI/HLT/REG/CIR/57/03/2022 28/03/2022

Corona Kavach Policies offered as per Guidelines on Covid Standard Indemnity based Health Policy and Corona Rakshak Policies offered as per Guidelines on Covid Standard benefit based Health Policy are permitted to be offered and renewed by all insurers up to 30.09.2022....

Read More

Many State Govts requested for extension of GST compensation payment period

Whether the Government has received proposals from the State Governments requesting for extension of payment of Goods and Services Tax(GST) compensation to the States for another five years keeping in view the difficulties caused by Covid-19 Pandemic...

Read More
Posted Under: Corporate Law |

Impact of Covid-19 On Economy

As per the 1st Revised Estimates released by National Statistical Office (NSO), Ministry of Statistics and Program Implementation (MoSPI), India’s real Gross Domestic Product (GDP) is estimated to have contracted by 6.6 per cent during FY 2020-21. This contraction reflects the unparalleled effect of the COVID-19 pandemic and the contain...

Read More
Posted Under: Corporate Law |

Eligibility condition of ESIC COVID-19 RELIEF SCHEME relaxed

Notification No. N-12/13/01/2019-P&D 22/03/2022

The deceased Insured Person must have been in employment on the date of diagnosis of COVID-19 disease and contributions for at least 35 days should have been paid or payable in respect of him/her during a period of maximum one year immediately preceding the diagnosis of COVID-19 disease resulting in death....

Read More

All COVID-19 Restriction to end on 31.03.2022 but face masks to remain mandatory

D.O. No. 40-3/2020-DM-I (A) 22/03/2022

NDMA has taken a decision that there may not be any further need to invoke the provisions of the DM Act for COVID containment measures. Accordingly, after the expiry of the existing MHA Order No. 40-3/2020-DM-I (A) dated 25th February, 2022...

Read More

Maharashtra government decides to relax Covid restrictions from March 4

Order No. DMU/2020/CR. 92/DisM-1 01/03/2022

The state government has decided to relax the restrictions imposed on the state from March 4. Administrative factors are classified as 'A' and 'B' according to the Covid current status, risk, vaccination status, positivity rate and number of beds occupied by patients....

Read More

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