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SEBI (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) (AMENDMENT) REGULATIONS, 2020
Background Securities and Exchange Board of India (“SEBI”) vide its notification dated 16th June, 2020 has issued the “Issue of Capital and Disclosure Requirements (Amendment) Regulations, 2020” (“ICDR”) under which time line of raising the funds through issuance of Equity Shares by way of Qualified Institutions Placement (QIP) has been reduced from six months to...Continue Reading
LLP SCHEME 2020
INTRODUCTION It has been observed that due to applicability of additional fee on late filing, which in case of inordinate delay could actually become a financial burden, a large number of Limited Liability Partnerships (LLPs) have remained non-compliant, mainly on account of their inability to pay late fees for the cumulative period of delay. As...Continue Reading
Labour Reform- An Era of Substantial Change
Ministry of Labour and Employment, Government of India has conveyed its firm intent that forty four central legislations pertaining to labour, industrial and environment related will be merged and subsumed into four codes. The first code (i.e. Code on wages, 2019) has already become a law on August 08, 2019 after receiving assent of President...Continue Reading
Labour codes
Labour codes: There can be a big change in the employee’s salary structure. The new wage code was to be implemented from April 1, but the Ministry of Labour postponed it. Media reports said that if the same is implemented from 1st July, then there can be a big change in the salary structure. Once...Continue Reading
“EMPANELMENT OF INDEPENDENT DIRECTORS- A WELCOME STEP OR AN ANOTHER NIGHTMARE FOR ‘INDEPENDENT DIRECTORS’ ”
Independent directors have a crucial role to play for keeping good governance practices. Ministry of Corporate Affairs (“MCA”) along with Indian Institute of Corporate Affairs (IICA) has developed a databank of Independent Directors in accordance with the provisions of Section 150 of the Companies Act, 2013. APPLICABILITY: Individual already acting or aspiring to become Independent...Continue Reading
FIXED TERM EMPLOYMENT 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 under the Industrial Employment (Standing...Continue Reading
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 path it...Continue Reading
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 the corporate governance. Need of Compliance Management “To promote self-discipline”“To exercise self-control” Significance Apart from avoiding the risks of non-compliance, there are...Continue Reading