E-Form ADT-1 is required to be filed pursuant to Section 139 and 140 of the Companies Act, 2013 (‘CA, 2013’) and pursuant to Rule 4(2) of the Companies (Audit and Auditors) Rules, 2014. It is notable that the first Auditor shall be appointed in the company by Board of Director under Section 139(6) or 139(7) […]
Read More →The Labour and Employment Department, Himachal Pradesh vide Notification No. Shram(A)4-3/2017 dated 06th May 2021 has exempted all factories registered under The Factories Act, 1948 in the state from the provision of:- Section 51 : Weekly Hour Section 54 : Daily Hour Section 55 : Interval of Rest Section 56 : Spread Hours With the […]
Read More →With the objective of promoting ease of doing business in India, the Reserve Bank of India (“RBI”) has simplified and liberalised the erstwhile framework on external commercial borrowings/foreign currency denominated loans and the rupee denominated loans by notifying the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018 (“ECB Regulations”) issued vide Notification No. FEMA 3 […]
Read More →Pollution is one of the global environmental issues which poses a threat to all the countries in the world including India. As per the survey done by IQ Air in 2020,India was the 3rd most polluted country in the world.In India there are various environmental laws enacted with the intention of controlling pollution. The word […]
Read More →The global outbreak of corona virus (COVID-19) is an unprecedented event that has led to lockdowns and unexpected restrictions on the public as well as the corporate sector across the world. Due to this situation companies are likely to face difficulties in undertaking timely compliances of various applicable laws. Keeping in mind the aforesaid, SEBI has […]
Read More →In line with Order bearing No 40-3/2020-DM-I(A) dated 23rd April 2021, read along with guidelines for effective control of Covid 19 issued by Ministry of Home Affairs under Disaster Management Act 2005, whereas the medical oxygen is an essential public health commodity and availability of adequate and uninterrupted supply of Medical Oxygen is an important pre-requisite for managing […]
Read More →On Tuesday, 2 March 2021, Hon’ble Governor of Haryana gave assent to the Haryana State Employment of Local Candidates Act, 2020, which provides 75% reservation to local candidates in Private Sector Haryana State Employment of Local Candidates Act, 2020 (Haryana Act No_3 of 2021). The reservation quota will apply for 10 years in Haryana State […]
Read More →Government of India and various State Governments have been taking various measures to promote ease of doing business in India. Proposed Labour Law Codes by Central Government, if implemented in an appropriate manner can have far reaching impact towards reducing the compliance burden on corporate without comprising the welfare of the work force. Government of […]
Read More →The MSME Development Act, 2006 (‘MSMED Act’) strengthens the provisions relating to delayed payments to the Micro, Small and Medium Enterprises (‘MSME’) by specifying the maximum credit period and higher penal interest if delayed beyond that period. If there is a delay in payment, companies will have to mention the reason for such delay in […]
Read More →The Consumer Protection Act, 2019 (“New Act”) Notification No. S.O. 2351(E) dated 15th July 2020 The Consumer Protection Act, 2019 (‘New Act’) received the assent of the President of India and was published in the official gazette on 9th August 2019. This New Act will replace the old Consumer Protection Act, 1986 (‘Old Act’). The New […]
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