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FIXED TERM EMPLOYMENT UNDER THE LABOUR CODES
Under the Labour Codes A fixed-term contract means a contract entered by the employer with each individual employee for a fixed period. This period is stipulated in the contract of employment and may be renewed after expiry depending on the requirements of a particular role. Initially Fixed term employment was introduced in 2018 by amending the Central Rules...Continue Reading
KEY TAKEAWAYS: CONSUMER PROTECTION ACT, 2019
KEY TAKEAWAYS: CONSUMER PROTECTION ACT, 2019 The Digital Age has ushered in a new era of commerce and digital branding, as well as a new set of customer expectations. Digitisation has provided easy access, a large variety of choice, convenient payment mechanisms, improved services and shopping as per convenience. However, along the growth...Continue Reading
DISRUPTIVE PATRIOTISM
DISRUPTIVE PATRIOTISM Every citizen, resident, non-resident, naturalised or otherwise, straight, LGTB, of whatever religion, belief, ethnicity, or non-belief, whether ‘challenged’ or not, born through a natural process or otherwise, has to adhere to the constitution. This is a social contract. The social contract defines our duties, responsibilities and of course, our rights. Hence, it defines...Continue Reading
Corporate Compliance Management
Corporate Compliance Management A statement by the management on the attitude of one and all in an organization plasticised in letter and spirit. It is not only a statutory requirement but also a necessity to strengthen corporate governance. Need of Compliance Management “To promote self-discipline”“To exercise self-control” Significance Apart from avoiding the risks of non-compliance,...Continue Reading
Highlights of Union Budget 2021
Considering the ongoing COVID-19 pandemic, the Union Budget of India for FY 2020-21 was expected to be India’s most consequential budget of all years. However, apart from being digital in form, the budget seems to be just a vision ahead of the Atma Nirbhar Bharat Abhiyan. Apart from the amendments introduced in the Income Tax...Continue Reading
REGISTRATION OF ENTITIES FOR UNDERTAKING CSR ACTIVITIES
MODE OF CSR ACTIVITIES [Rule 4(1) of Companies (Corporate Social Responsibility Policy) Rules, 2014] A company can undertake the CSR activities in two ways: On its own or;Through any specified entity II. SPECIFIED ENTITY a Company established under section 8 of the Companies Act, or a registered public trust or a registered society, registered under section 12A and...Continue Reading
Trust Re-registration
The Finance Act 2020 introduced the new registration procedure for all the existing charitable and religious institutions (including NGOs) which are registered or approved. They are compulsorily required to switch to section 12AB for fresh registration in order to continue availing exemption under section 10 or 11, as the case may be. CBDT vide Notification...Continue Reading
TAX CHANGES TO BE EXPECTED
Six months into 2021 and a lot of dead bodies have flown down the Ganga! The rot has set into personal, emotional, and economic environment. With most businesses down and the wheels of fortune jammed, the government has very little options to raise funds. Let us look at what is happening. The direct tax collection...Continue Reading