Nurses, who comprise the greatest number of healthcare providers, are the backbone of health systems. A flexible and well-functioning legislative framework underlying nursing and midwifery education is essential for redefining the role and scope of nurses and for providing distinct recognition to midwives in the country.
India’s Ministry of Labour and Employment has declared an 8.15% interest rate for Employees’ Provident Fund (EPF) accounts for the year 2022-23.
Government of India, Department of Commerce, Directorate General of Foreign Trade (DGFT) announces amendment in the export policy of Non-Basmati rice under HS Code 1006 30 90. Read the notification for revised export policies and conditions.
The Ministry of Finance has issued Notification No. 52/2023-Income Tax, Dated : 20th July, 2023 under section 10(34B) of the Income Tax Act, 1961. The notification provides an income tax exemption for dividends from aircraft leasing within International Financial Services Centres (IFSC). The notification specifies that no income tax deduction shall be made from any dividend income paid by […]
Read about the Insolvency and Bankruptcy Board of India’s (IBBI) amendment regulations for insolvency professionals in 2023.
The Insolvency and Bankruptcy Board of India (IBBI) has introduced the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2023. The IBBI’s amendment regulations, it introduces a new explanation to clarify regulatory fee exemption for approved resolution plans involving real estate projects handled by associations or groups of allottees. […]
MCA order identifies that company failed to comply with Secretarial Standards, specifically regarding the mention of the number of board meetings held during the financial year in its reports. A show cause notice was issued to the company, and in response, they admitted the error. As a result, the penalty has been imposed on the company and its officers in default under Section 118(11) of the Companies Act, 2013.
Reserve Bank of India has issued a notification announcing the inclusion of NongHyup Bank in the Second Schedule of the RBI Act, 1934. All banks are advised regarding this update.
Ministry of Finance amends rule 11UAC of Income-tax Rules 1962, specifically addressing the relocation of funds and movable property vide Notification No. 51/2023-Income Tax | Dated: 18th July, 2023. Under the Income-tax (Thirteenth Amendment) Rules 2023, a new sub-rule has been inserted in rule 11UAC. This sub-rule pertains to movable property, such as shares or […]
Insolvency and Bankruptcy Board of India’s latest recommendation about appointing liquidators other than RP/IRP under Section 34(4)(h) of the IBC, 2016.
