Government Policy

Contract Management – The Contract Act 1872

Fema / RBI - Contract management, refers to the processes and procedures that companies may implement in order to manage the negotiation, execution, performance, modification and termination of contracts with various parties including customers, vendors, distributors, contractors, employees etc....

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6 questions to ask while initiating a Business

Fema / RBI - The startup culture is full of people who try to, want to but are not able to get their business up from scratch. The reason for this is, number of entrepreneurs don’t know the process of taking their venture from point A to point B. The point A is this brilliant idea they have and B is the consequent, fantasized state where the venture...

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Checkpoints for Websites of Listed Entities

Fema / RBI - Every Listed company shall have a functional website containing the basic information about the Listed entities. It shall disseminate the following information as per SEBI (Listing Obligation and Disclosure Requirement) Regulation 2015)...

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Central Bank Watch: Hawkish but hike not yet

Fema / RBI - In the February meeting, the RBI had revised its inflation forecast for the fourth quarter (2017-18) to 5.1% from 4.3%-4.7% earlier. Inflation print is now expected to be lower than the RBI’s estimate in Q4 (so far the average has been 4.8%)....

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Advance Authorisation /Duty Exemption Scheme: Why cheating with exporters?

Fema / RBI - This is a story about the elite IAS, ITS & IRS housed in the Udyog Bhawan & the North Block. I always thought that these officials would be able to think through the problem & formulate policy & procedures, which would be easy, transparent & easy to understand for the beneficiaries & easy to implement but alas that is not to be. ...

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Government / RBI taken all steps to meet unusual currency demand

Fema / RBI - There has been unusual spurt in currency demand in the country in last three months. In the current month, in the first 13 days itself, the currency supply increased by Rs.45000 crores. This unusual spurt in demand is seen more in some parts of the country like Andhra Pradesh, Telangana, Karnataka, MP and Bihar....

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Government clarifies in-built security features of Electoral Bonds

Fema / RBI - Random Serial Number, invisible to the naked eye, present on the Bond not linked to any party transaction or cannot be used for tracking the transactions SBI does not share the serial number with anybody, including the Government and users...

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Banks to collect passport details in case of loan of Rs. 50 crore & above

Fema / RBI - In addition, with a view to enable banks to inform relevant authorities of passport details, if need arises, Government has advised all Public Sector Banks to obtain a certified copy of the passport of the promoters/directors and other authorised signatories of companies availing of loan facilities of Rs. 50 crore and above. ...

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Electoral Bond Sale at Authorised SBI Branches from 1st March 2018

Fema / RBI - Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification No. 20 dated 02nd January 2018. As per provisions of the Scheme, Electoral Bonds may be purchased by a person, who is a citizen of India or incorporated or established in India....

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Submission of original document for College Admission not required

Fema / RBI - As per the notification, no Higher Educational Institution (HEI) shall insist upon a student to submit original academic and personal certificates and testimonials like mark-sheets, school leaving certificates and other such documents at the time of submitting admission form...

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Hotels / restaurants can Sale mineral water above MRP: SC

Federation of Hotel and Restaurant Association of India (Supreme Court of India) - Federation of Hotel and Restaurant Association of India (Supreme Court of India); Hon’ble SC held that that neither the Standards of Weights and Measures Act, 1976 read with the enactment of 1985, or the Legal Metrology Act, 2009, would apply so as to interdict the sale of mineral water in hot...

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Text of ICJ Judgment in the case of Kulbhushan Jadhav

Jadhav Case - India V. Pakistan (International Court Of Justice) - In the present case, the Applicant claims that Mr. Jadhav, who is an Indian national, was arrested, detained, tried and sentenced to death by Pakistan and that, despite several attempts, India was given no access to him and no possibility to communicate with him....

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Charging Vat on discounted MRP is unfair Trade Practice: NCDRC

M/s. Aero Club (Woodland) Vs Rakesh Sharma (NCDRC) - Once it has come on record that the MRP of the product includes all taxes, it was not open for the trader to impose VAT again on the discounted price....

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Notifications should not allowed to be missile attacks on budding industries

Shree Cement Ltd. Vs State of Rajasthan (Rajasthan High Court) - Another caveat on legislative practices, particularly subordinate legislation and executive policy decisions and the decision making process, which is amenable to judicial review by courts is that, it is high time that subordinate legislations in the form of notifications issued by Executive should ...

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Notification seeking to grant a concession enabling schools to re- employ teachers cannot be treated as conferring any rights on the teachers to continue in employment till the age of 62 years

Shashi Kohli (Deceased Through Legal Represntatives Vs Directors of Education & ANR (Delhi High Court) - As per the judgment of the Division Bench of this Court in Kathuria Public School vs. Director of Education 123 (2005) DLT 89 and which had not been interfered with in judgment dated 27th August, 2010 in Ref. 1/2010 titled Delhi School Tribunal v. GNCTD, also, unnecessary interference with the mana...

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Maharashtra Govt. reduces stamp duty on residential house for EWS & LIG groups

No.Mudrank-2015/1745/UOR.24/CR-573/M-1. - (31/03/2018) - Maharashtra Government fixes the stamp duty to the extent of Rs-1000 only as otherwise chargeable under clause (b) of Article 25 of Schedule-I appended to the said Act, on the first instrument for Economically Weaker Section (EWS) & Lower Income Groups (LIG)....

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Reg. Implementation of 13-digit numbering scheme for M2M communication

No. 57-316/2017-CMTS/Phase VIII.4/81 - (05/02/2018) - It was decided that 13-digit M2M numbering plan will be implemented from 1st July 2018. From this date on wards, all new M2M mobile connections will be allocated 13-digit numbers only....

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Govt appoints Second National Judicial Pay Commission

No. 19018/1/2017-Jus. - (16/11/2017) - In pursuance of the above direction of Supreme Court of India, it has been decided to appoint a fresh National Judicial Pay Commission, to be known as Second National Judicial Pay Commission, comprising the following:—...

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Right of Children to Free and Compulsory Education (Amendment) Act, 2017

Notification No. 24 Of 2017 - (10/08/2017) - (1) This Act may be called the Right of Children to Free and Compulsory Education (Amendment) Act, 2017. (2) It shall be deemed to have come into force on the 1st day of April, 2015....

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Cabinet clears Bill to deal with crisis in banks, insurers

Press Release No. PIB Release/DL/981 - (14/06/2017) - The Financial Resolution and Deposit Insurance, Bill 2017 when enacted, will pave the way for setting up of the Resolution Corporation. It would lead to repeal or amendment of resolution-related provisions in sectoral Acts as listed in Schedules of the Bill....

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Recent Posts in "Government Policy"

Government / RBI taken all steps to meet unusual currency demand

There has been unusual spurt in currency demand in the country in last three months. In the current month, in the first 13 days itself, the currency supply increased by Rs.45000 crores. This unusual spurt in demand is seen more in some parts of the country like Andhra Pradesh, Telangana, Karnataka, MP and Bihar....

Read More
Posted Under: Corporate Law |

Government clarifies in-built security features of Electoral Bonds

Random Serial Number, invisible to the naked eye, present on the Bond not linked to any party transaction or cannot be used for tracking the transactions SBI does not share the serial number with anybody, including the Government and users...

Read More
Posted Under: Corporate Law |

Contract Management – The Contract Act 1872

Contract management, refers to the processes and procedures that companies may implement in order to manage the negotiation, execution, performance, modification and termination of contracts with various parties including customers, vendors, distributors, contractors, employees etc....

Read More
Posted Under: Corporate Law |

6 questions to ask while initiating a Business

The startup culture is full of people who try to, want to but are not able to get their business up from scratch. The reason for this is, number of entrepreneurs don’t know the process of taking their venture from point A to point B. The point A is this brilliant idea they have and B is the consequent, fantasized state where the venture...

Read More
Posted Under: Corporate Law |

Checkpoints for Websites of Listed Entities

Every Listed company shall have a functional website containing the basic information about the Listed entities. It shall disseminate the following information as per SEBI (Listing Obligation and Disclosure Requirement) Regulation 2015)...

Read More
Posted Under: Corporate Law |

Banks to collect passport details in case of loan of Rs. 50 crore & above

In addition, with a view to enable banks to inform relevant authorities of passport details, if need arises, Government has advised all Public Sector Banks to obtain a certified copy of the passport of the promoters/directors and other authorised signatories of companies availing of loan facilities of Rs. 50 crore and above. ...

Read More
Posted Under: Corporate Law |

Central Bank Watch: Hawkish but hike not yet

In the February meeting, the RBI had revised its inflation forecast for the fourth quarter (2017-18) to 5.1% from 4.3%-4.7% earlier. Inflation print is now expected to be lower than the RBI’s estimate in Q4 (so far the average has been 4.8%)....

Read More
Posted Under: Corporate Law |

Advance Authorisation /Duty Exemption Scheme: Why cheating with exporters?

This is a story about the elite IAS, ITS & IRS housed in the Udyog Bhawan & the North Block. I always thought that these officials would be able to think through the problem & formulate policy & procedures, which would be easy, transparent & easy to understand for the beneficiaries & easy to implement but alas that is not to be. ...

Read More
Posted Under: Corporate Law |

Recent notification on Industrial Employment (Standing Orders) Act and Rules, 1946

Comparative analysis on Recent notification on Industrial Employment (Standing Orders) Act and Rules, 1946...

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Posted Under: Corporate Law |

Maharashtra Govt. reduces stamp duty on residential house for EWS & LIG groups

No.Mudrank-2015/1745/UOR.24/CR-573/M-1. (31/03/2018)

Maharashtra Government fixes the stamp duty to the extent of Rs-1000 only as otherwise chargeable under clause (b) of Article 25 of Schedule-I appended to the said Act, on the first instrument for Economically Weaker Section (EWS) & Lower Income Groups (LIG)....

Read More
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