MANDATORY REGISTRATION AS LEGAL ENTITY IDENTIFIER (LEI) FOR OTC DERIVATIVES MARKETS The Reserve Bank of India vide its circular RBI/2016-17/314 FMRD.FMID No.14/11.01.007/2016-17 dated June 01, 2017 has mandated the implementation of the LEI system for all participants (existing & future) in the Over-the-Counter (OTC) markets for Rupee Interest Rate derivatives, foreign currency derivatives and credit […]
Read More →As we know that GST is talk of the town these days, Government of India notified it w.e.f. 1st July, 2017 except 2 chapters (registration and Composite levy), which were notified earlier w.e.f. 22nd June, 2017. All the Acts and rules whether Central wise or State wise are notified. However rules for e-way bill are […]
Read More →5 points to ponder if you’re giving your property on rent. 1. CREDENTIALS – Check the credentials of the person you are renting out your property to: check the I cards, bank statements, previous history, etc. 2. REGISTRATION – Make sure proper registration has been done and stamp duty duly paid. In the event of rent agreement, […]
Read More →Sh. V.P. Singh Badnore, the Governor of Punjab and Administrator, U.T., Chandigarh has launched an Online Single Window System for ease of doing business in Chandigarh. Investors can take online permissions and approvals in a time bound schedule from related departments like Estate Office, Labour Department, Chandigarh Municipal Corporation and Engineering Department etc. for setting […]
Read More →As business owners and professionals we need to adopt the GST regime. GST has been introduced to avoid dual taxation, increase the scope of Cenvat credit and much more. Few Action points for adoption of GST are as under: Migrate the Registration Classifying the transaction into Goods and Service and Place of Provision Get the […]
Read More →Central Government in continuation of its endeavours to promote Ease of Doing Business in India has passed proposal for abolishing the Foreign Investment Promotion Board (FIPB) and allowing concerned Administrative Ministries/Departments to process applications for FDI requiring government approval. Reduction of formalities and time gap in getting government approvals will make India more attractive destination […]
Read More →For protecting the interest of employees, Central Government is taking various steps in the organized sector against the events of sickness, maternity, disablement or death due to injury at employment etc. Government of India has notified many enactments for taking care of the health of the working people, out of which Employees’ State Insurance Act, […]
Read More →Do not file your case without checking these important points: 1. CHECK THE DOCUMENTS CAREFULLY. It’s a double edged sword as any document against you can hamper the whole matter. 2. DOUBLE-CHECK THE CAUSE OF ACTION AND OCCURRENCE OF EVENTS. Cause of action and occurrence of events shall be specially pleaded if possible with date and […]
Read More →ESOPs BY FOREIGN HOLDING TO THE EMPLOYEES OF ITS INDIAN SUBSIDIARY List of Prescribed Compliances- Under FEMA and Companies Act, 2013 A) Compliances Under FEMA: In compliance of Master Circular on Direct Investment by Residents in Joint Venture (JV) / Wholly Owned Subsidiary (WOS) Abroad (Master Circular No. 11/2015-16) Section (C): Other Investments in Foreign […]
Read More →Whereas for the ease of doing business in India Ministry of labour and ministry have introduced Ease of “Compliance to Maintain Registers under various Labour Laws Rules, 2017” vide its notification dated 21st February, 2017. Corporates were required to maintain multiple registers under various labour laws in physical form wherein most of the times the […]
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