Author: LLM, BA LLB Meghna Anand

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Central Government amends SEZ norms in respect of financial products, financial services or financial institutions in an International Financial Services Centre

Introduction:- Department of Economic Affairs has issued a significant notification on February 28, 2024. This notification amends some sections of the Special Economic Zones Act 2005 and the Special Economic Zones Rules 2006 as specified in column number (2) of Table 1 and Table 2, shall apply with such modifications, as specified in column number […]

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Specified Companies to report dealing with MSEs

Introduction On 15thJuly 2024, The Ministry of Corporate Affairs implemented major changes to the reporting requirements for specified companies that delay payments to the Micro and Small Enterprises (MSEs). This is to enhance protection in regard to finance for Micro and Small Enterprises (MSEs) This notification further expands on the foundation built by the initial […]

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Banking companies/Financial institutions should register the data of Non-Profit Organization customers on the DARPAN Portal of NITI Aayog.

Financial institutions, Banks, or intermediaries, are required to ensure that their non-profit organization (NPO) customers have been verified on NITI Aayog’s DARPAN portal. This directive is part of broader efforts to enhance transparency and compliance within the financial sector, particularly concerning organizations that could be vulnerable to misuse for money laundering activities.   The NGO-DARPAN […]

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RBI regulated outsourcing of information technology services

In order to mitigate the risk associated with the outsourcing of IT activities by Regulated Entities (Res) while maintaining compliance obligations and responsibilities towards their customers, On 10th April 2023 Reserve Bank of India (RBI) released a Master Direction on Outsourcing of Information Technology Services. The direction would be effective from first of October 2023 […]

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Salient features and key takeaways from the notified- Motor Vehicles Rules in regards of registered dealers

In exercise of power conferred by Section 39 of the Motor Vehicles Act, 1988, the Central Government with a view to promote ease of doing business and transparency transaction of registered vehicles, has introduced the Central Motor Vehicles (Twenty-Sixth Amendment) Rules, 2022 effective from 1st day of April, 2023. India’s market for used vehicles has […]

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Guidelines for Uplinking & Downlinking of Television Channels

Ministry of Information and Broadcasting has notified Guidelines for Uplinking and Downlinking of Satellite Television Channels in India, 2022 that has eased grant of permissions for uplinking and Downlinking of private satellite Television channels, setting-up of teleports, Uplinking by Indian News Agencies and use of DSNG/SNG/ENG. These Guidelines have replaced existing Policy Guidelines for Uplinking/Downlinking […]

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Kerala Unified Annual Returns

Kerala labour department has provided a facility for filing annual returns through an integrated e-return form for variety of labour laws before 31st December of every calendar year, It is a common platform for unifying returns and registration under various labour laws. Users of this facility must fulfil a number of prerequisites in order to […]

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Grant Of Paid Holiday in Haryana On Account Of Election of the Municipal Corporation of Delhi

The Labour Department of Haryana on November 25, 2022, issued a Notification No. Elec-2022/IR-II/PSCE/Hol/37370 to declare a paid holiday to the workers or employees enrolled as voters in Delhi on account of the Election of the Municipal Corporation of Delhi to be held on 04.12.2022 (Sunday). Accordingly, all such employers of Industrial Establishments/Factories /Shops and […]

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Government amends SEZ norms to help companies opt for flexible work options

The COVID-19 pandemic demonstrated that flexibility can thrive both employers and employees and thanks to the rapid acceptance of internet-based tools during the pandemic era,Employers need to prioritize hybrid working at the forefront of their talent strategy since remote working is the new currency for attracting and keeping talent. The government issued The Special Economic […]

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