The OSHWC and Social Security Codes modernize safety and welfare in the petroleum sector. Mandatory risk assessments, medical surveillance, and ESIC benefits ensure safer, compliant operations nationwide.
New Labour Codes formalize fixed-term employment, flexible work, and social security, empowering IT employers with workforce agility while protecting employees’ rights and benefits.
The 2023 Competition Amendment Act strengthens CCI powers, introduces thresholds for high-value deals, and expands anti-competitive provisions to safeguard fair competition in digital markets.
The Ministry of Corporate Affairs removed non-operational companies under the Companies Act to ensure compliance and transparency. Suspicious cases are reported to agencies like ED and IT Department for monitoring.
The Companies Act, 2013 does not define shell companies, but strict compliance actions under sections 92, 96, 137, and 248 continue. Companies failing statutory filings or engaging in fraud face inspections, investigations, and striking off.
West Bengal’s ITR filings rose to 52.99 lakh in AY 2024-25, with significant increases in middle- and higher-income brackets. The state contributed 2.89% to national direct taxes.
Explains that GST compensation ended in June 2022 because the Constitution restricted it to a five-year period. The key takeaway is that no extension or further payout is legally required.
The Government detailed GST collections and funds devolved to Karnataka from 2021–25, confirmed no pending special grants, and stated that no alternative GST compensation mechanism is under consideration.
The Government detailed the monitoring and compliance mechanisms used to ensure companies pass on GST rate reductions to end users. It highlights oversight by CBIC, NPPA directives, and consumer grievance channels.
The bank invites CA firms for conducting a concurrent audit of its Mumbai treasury operations, ensuring compliance with RBI guidelines and strengthening internal controls and risk management.
