Purpose The Global Minimum Tax Act has come up with the global minimum tax (minimum top-up tax) under Pillar Two as developed by the Organisation for Economic Co-operation and Development (OECD)/G20 Inclusive Framework on Base Erosion and Profit Shifting. It was agreed by over 135 member jurisdictions of the OECD/G20 in October 2021, the two-pillar […]
Read More →The Government of Maharashtra on 19th June 2024, has notified the Maharashtra Factories (Safety Audit) (Amendment) Rules, 2024 to further amend Maharashtra Factories (Safety Audit) Rules, 2014, effective immediately. Applicability Rule 1(2): These rules shall apply to the factories in the State of Maharashtra – in which manufacturing processes, which involves use, storage, handling […]
Read More →The International Financial Services Centres Authority (IFSCA) vide circular dated June 28, 2024, has issued the new form and manner outlining the process for seeking registration and other requirements under International Financial Services Centres Authority (Book-keeping, Accounting, Taxation and Financial Crime Compliance Services) Regulations, 2024. KEY HIGHLIGHTS: Who Needs to Register? Any entity intending to […]
Read More →The Food Safety and Standards Authority of India (FSSAI) has proposed to make new revisions in the labelling and display requirements as mentioned under the Food Safety and Standards (Labelling and Display) Regulations, 2020. Food brands and packaged food entities are required by these new requirements to bring the below-mentioned changes in there packaging. Font […]
Read More →Legal Parameter: In India, the operation of a canteen service within a company premises is subject to various laws and regulations, primarily centred around labour laws, food safety, and hygiene standards. Here are the key legal frameworks that govern canteen services in India: Labour Laws: Factories Act, 1948: Canteen Requirements: Under Section 46, if a […]
Read More →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 […]
Read More →Notification Overview On June 25, 2024, the Chandigarh Administration Labour Department announced a significant change for all shops and commercial businesses in Chandigarh. This announcement, published in the official Gazette, gives certain businesses more flexibility by loosening some rules of the Punjab Shops and Commercial Establishments Act, 1958. This summary explains the specific changes, requirements, […]
Read More →S.N. Nature of Compliance Compliance Title Legal Provision Exemption Frequency Due Date 1. Registration Registration of Limited Liability Company Article 233 of Law No. 11 of 2015 (Commercial Companies Law):- The chairman of the company shall apply for registering the company in the commercial registry. The application shall be accompanied by the memorandum of association […]
Read More →On 24 June 2024, the Telecom Regulatory Authority of India (TRAI) has issued the directions, simplifying and improving regulatory compliance for Unsolicited Commercial Communication (UCC) through Mobile Apps and Web Portals of Access Providers. Context- The Telecom Commercial Communications Customer Preference Regulations, 2018 (TCCCPR, 2018) aimed to control Unsolicited Commercial Communication (UCC) by facilitating mechanisms […]
Read More →The Ministry of Heavy Industries (MHI) has issued a notification dated 15 March 2024, introducing a scheme aimed at promoting India as a manufacturing hub for Electric Vehicles (EVs) and attracting investments from global EV manufacturers. The primary objectives of this scheme include fostering employment opportunities and realizing the ‘Make in India’ initiative. Key provisions […]
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