In a bid to provide a major boost to the development of eco-friendly industries and ease of doing business in Punjab, the state government in pursuant to office order 273 dated 04th May 2021 has decided to exempt DG set(s) having total capacity of 1 MVA (Mega Volt Amp) or less provided/being provided for setting […]

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DPT–3 form is the statement return which is required to be filed by every company other than a Government Company and a class of company specify, which has accepted deposits under section 73 of the Companies Act, 2013 (‘Act’) and rules made thereunder. Generally, every amount accepted from public (including members) is treated as public […]

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Further relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013 during Financial Year 2021-22 The Ministry of Corporate Affairs (‘MCA’) vide General Circular No. 12/2021 dated 30.06.2021 has further extended the time given under earlier General Circular No. 07/2021 dated 03.05.2021. By General Circular No. 11/20121 […]

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Comparison between Issue of shares on Right Basis (Right Issue) and Issue of shares on Preferential Basis (Preferential Allotment through Preferential Offer) under Companies Act, 2013. Issue of share on Rights Basis and issue of shares on Preferential Basis are covered under Section 62 of the Companies Act, 2013 and Companies (Share Capital and Debentures) […]

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FSSAI issued order dated June 08, 2021 for mandating their 14- digit FSSAI license or registration number on cash receipts, purchase invoice, cash memo, bills etc by all food business operators (FBO). It further adds that in case there are two food business operators in any transaction generating different documents, the requirement to quote FSSAI […]

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Omission of restriction on conducting Board Meeting through Audio Visual Means for certain matters listed in Rule 4 of the Companies (Meetings of Board and its Powers) Rules, 2014 –– Welcome Step by Ministry of Corporate Affairs Amidst compliance chaos during the pandemic running in the country, Ministry of Corporate Affairs has come up with […]

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In the meeting of Union Cabinet dated 02nd June.2021, The Model Tenancy Act, 2021 (MTA) got approved under which separate Rent Authorities, Courts and Tribunals would be set up in districts to protect the interest of both the owner and the tenant; enabling to streamline the process of renting property in India and aid the […]

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Government of India is working on overhauling of the existing labour laws to bring them in sync with the current era of business landscape. Labour laws not only impact workers but also Industries at large. All the four labour codes have been finalised by GoI to replace the existing labour laws and all that is […]

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In a recent policy change, Haryana labor department vides its Office Order 245 has hiked the cess that is collected on construction of residential, commercial, industrial and institutional etc. buildings across the state to the double of the previous rate. The state government intends to use the collected cess money to provide various benefits to […]

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