Government Policy

Agreement/ Contract Drafting: Notable Exercise For Business

Corporate Law - In the wake of India’s move towards achieving a status of Developed Nation by providing its people various initiative like “Make in India”, Startup India, Promoting MSME, Skill India to start their own business platforms, the founder of any business set up is essentially required to direct its business strategy in a legally sound ma...

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Form V- Abstract of Payment of Wages Act, 1936 and Rules

Corporate Law - FORM V [See Rule 22] ABSTRACT OF THE PAYMENT OF WAGES ACT, 1936 (Central Act IV of 1936) AND THE RULES MADE THEREUNDER 1. Whom the Act affects The Act applies to the payment of wages to persons in this factory/Industrial Establishment receiving less than 1[Rs. 24000] a month. 2. No employed person can give […]...

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FORM ‘O’-Abstract of Maternity Benefit Act, 1961 and rules

Corporate Law - FORM ‘O’ (See rule 15) (Abstract of the Maternity Benefit Act, 1961, and the rules mode thereunder) 1. No employer shall knowingly employ a woman during the six weeks immediately following the day her delivery or; mismanage and no woman shall work in any establishment during the said period. 2. No pregnant woman shall, on a request ...

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What you need to know if you want to trade Forex in India

Corporate Law - Forex refers to the foreign exchange market, and involves the selling and buying of fiat currencies. This is the largest and most liquid market on a global scale. Forex trading has become a popular practice for investors, due to the financial potential involved. Accumulating wealth and reaching impressive monetary gains is possible throug...

Read More

Implications of Shared Economy on Tax Regimes

Corporate Law - Shared Economy is essentially an economic model that facilitates sharing of goods and services over an online platform. It may exist in two forms- a commercial model which allows customers and suppliers to get in touch to obtain goods and services ( Uber and Airbnb), and a charity model in which goods and services are provided for free or...

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Union Minister of Commerce & Industry Chairs Meeting on Export Credit 

Corporate Law - To take Indian economy to 1 trillion dollar exports in goods, and 1 trillion dollar exports in services in the next five years, the Commerce Minister reiterated the importance of availability of credit at low rate of interest. He emphasised that it is the joint responsibility of banks and Government to ensure that export credit at competi...

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Increase in detection and reporting of bank frauds

Corporate Law - RBI data on frauds reported to it by banks has been cited in sections of the media to paint a picture of rising frauds in banks in recent years. The fact is that this data is by the year of reporting and not the year of occurrence of the fraud or sanction of loan, Letter of Undertaking etc., which in many cases is of an earlier period....

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Traders & Farmers to get pension coverage : Major Decision by Govt

Corporate Law - In Some Major decisions Government has decided to give pension coverage to Traders, PM-KISAN Scheme extension to include all eligible farmer families irrespective of the size of land holdings and Pension scheme to secure lives of 5 crore farmers in three years. 1. Traders to get pension coverage! Cabinet clears pension scheme for traders ...

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Anurag Thakur takes charge as Minister of State for Finance & Corporate Affairs

Corporate Law - Shri Anurag Singh Thakur assumed charge of office as the Union Minister of State (MoS) for Finance & Corporate Affairs here today.  Shri Thakur took the charge in the august presence of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman....

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Smt. Nirmala Sitharaman takes charge as Union Minister of Finance & Corporate Affairs

Corporate Law - Smt. Nirmala Sitharaman assumed charge as the Union Minister of Finance & Corporate Affairs here today.  She was greeted at the office in North Block by Minister of State for Finance & Corporate Affairs designate, Shri Anurag Singh Thakur, Finance Secretary Shri Subhash Chandra Garg and other Secretaries of the Ministry. Smt. Sit...

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Collecting parking fee by malls illegal : Gujarat HC issues notice (Read PIL)

Sajeev Bhargav Ezhava Vs. Versus State Of Gujarat (Ahmedabad High Court) - Petitioner Sajeev Ezhava, filed public interest litigation before Hon’ble Gujarat High Court contending that the parking fee collected by malls and commercial establishments is illegal and against the basis of exempting them from municipal taxes. ...

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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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List of candidate won in recent Lok Sabha Election

O.N. 136(E) - (25/05/2019) - Partywise, Statewise and Constituency list of candidate won in recent Lok Sabha Election ELECTION COMMISSION OF INDIA NOTIFICATION New Delhi, the 25th May, 2019 .—Whereas, in pursuance of the Notifications No. H.11024(1)/2019-Leg-II, issued by the President of India on 18th March 2019, 19th Marc...

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Lakshadweep and Andaman & Nicobar Islands Industrial Development Scheme, 2018

F.No.16(35)/2018-NER - (01/01/2019) - The scheme will be called Lakshadweep and Andaman & Nicobar Islands Industrial Development Scheme, (LANIDS) 2018 and will cover Union Territories of Lakshadweep and Andaman & Nicobar Islands. It will be effective from 01.04.2018 and will remain in force up to 31.03.2020 with committed liabilities ac...

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Fugitive Economic Offenders (Receipt and Management of Confiscated Properties) Rules, 2018

Notification No. G.S.R. 397(E) - (24/04/2018) - (1) These rules may be called the Fugitive Economic Offenders (Receipt and Management of Confiscated Properties) Rules, 2018. (2) They shall come into force on the date of their publication in the Official Gazette....

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Fugitive Economic Offenders (Issuance of Provisional Attachment Order) Rules, 2018

Notification No. G.S.R. 395(E) - (24/04/2018) - (1) These rules may be called the Fugitive Economic Offenders (Issuance of Provisional Attachment Order) Rules, 2018. (2) They shall come into force on the date of their publication in the Official Gazette....

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Fugitive Economic Offenders (Issuance of Attachment Order) Rules, 2018

Notification No. G.S.R. 394(E) - (24/04/2018) - (1) These rules may be called the Fugitive Economic Offenders (Issuance of Attachment Order) Rules, 2018. (2) They shall come into force on the date of their publication in the Official Gazette....

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Recent Posts in "Government Policy"

Agreement/ Contract Drafting: Notable Exercise For Business

In the wake of India’s move towards achieving a status of Developed Nation by providing its people various initiative like “Make in India”, Startup India, Promoting MSME, Skill India to start their own business platforms, the founder of any business set up is essentially required to direct its business strategy in a legally sound ma...

Read More
Posted Under: Income Tax |

Form V- Abstract of Payment of Wages Act, 1936 and Rules

FORM V [See Rule 22] ABSTRACT OF THE PAYMENT OF WAGES ACT, 1936 (Central Act IV of 1936) AND THE RULES MADE THEREUNDER 1. Whom the Act affects The Act applies to the payment of wages to persons in this factory/Industrial Establishment receiving less than 1[Rs. 24000] a month. 2. No employed person can give […]...

Read More
Posted Under: Income Tax |

FORM ‘O’-Abstract of Maternity Benefit Act, 1961 and rules

FORM ‘O’ (See rule 15) (Abstract of the Maternity Benefit Act, 1961, and the rules mode thereunder) 1. No employer shall knowingly employ a woman during the six weeks immediately following the day her delivery or; mismanage and no woman shall work in any establishment during the said period. 2. No pregnant woman shall, on a request ...

Read More
Posted Under: Income Tax |

Union Minister of Commerce & Industry Chairs Meeting on Export Credit 

To take Indian economy to 1 trillion dollar exports in goods, and 1 trillion dollar exports in services in the next five years, the Commerce Minister reiterated the importance of availability of credit at low rate of interest. He emphasised that it is the joint responsibility of banks and Government to ensure that export credit at competi...

Read More
Posted Under: Income Tax |

What you need to know if you want to trade Forex in India

Forex refers to the foreign exchange market, and involves the selling and buying of fiat currencies. This is the largest and most liquid market on a global scale. Forex trading has become a popular practice for investors, due to the financial potential involved. Accumulating wealth and reaching impressive monetary gains is possible throug...

Read More
Posted Under: Income Tax |

Increase in detection and reporting of bank frauds

RBI data on frauds reported to it by banks has been cited in sections of the media to paint a picture of rising frauds in banks in recent years. The fact is that this data is by the year of reporting and not the year of occurrence of the fraud or sanction of loan, Letter of Undertaking etc., which in many cases is of an earlier period....

Read More
Posted Under: Income Tax |

Implications of Shared Economy on Tax Regimes

Shared Economy is essentially an economic model that facilitates sharing of goods and services over an online platform. It may exist in two forms- a commercial model which allows customers and suppliers to get in touch to obtain goods and services ( Uber and Airbnb), and a charity model in which goods and services are provided for free or...

Read More
Posted Under: Income Tax |

Privatization of Public Sector Undertakings (PSUs)

Nowadays a debate is going on that Public Sector Undertakings (PSUs) must be privatized as they are not performing, their employees are not efficient etc. Rajiv Kumar, Vice-Chairman of NITI Aayog believes that the new government should  privatization of one PSU every week. Government starts privatization of PSUs by either selling its s...

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Posted Under: Income Tax |

Registration of Multimodal Transport Operator (MTO)

Registration Process of Multi modal transport operator. Transportation is an integral part of delivering goods from suppliers to customers. Every Company, Firm or Proprietary Concern, either engaged in the business of Shipping, or freight forwarding in India or abroad need to get registered under the Multimodal Transportation of Goods Act...

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Posted Under: Income Tax |

General FAQs on Sexual Harassment of Women at Workplace (Prevention, Prohibition And Redressal) Act, 2013

General FAQs on Sexual Harassment of Women at Workplace (Prevention, Prohibition And Redressal) Act, 2013 Consequent to Vishaka Guidelines, the Supreme Court placed an obligation on workplaces, institutions and those in positions of responsibility, to uphold working women’s fundamental right to equality and dignity at the workplace. Soo...

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Posted Under: Income Tax |

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