New rate of administrative charges payable by the employer under Employees’ Provident Funds Scheme, 1952 and Employees Deposit-Linked Insurance Scheme, 1976 are notified by Ministry of Labour and Employment through Notification No. S.O. 827(E) and S.O. 828(E) dated 15.03.2017 in supersession of the notification no. S.O. 323(E) and S.O. 324(E) dated the 2nd February, 2015. […]

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The Law and Judiciary Department, Government of Maharashtra vide its notification published in the Maharashtra Government Gazette on 5 January 2017 has made significant amendments in Contract Labour (Regulation and Abolition) Act for the state of  Maharashtra. Now the said act will be applicable: To every establishment in which 50 (fifty) or more workmen are […]

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  List of matters which are to be passed only at a duly convened Board Meeting and not by Circulation To issue securities, including debentures, whether in or outside India To make political contributions to authorise buyback of securities under section 68; Allotment of shares and debentures To borrow monies; Appointment of a Managing Director […]

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Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016 The Insolvency and Bankruptcy Board of India has issued the Notification on Insolvency and Bankruptcy Board of India. These Regulations shall come into force on 29th November, 2016. The purpose of the Act is to build up a strong legal system related to the Bankruptcy […]

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1. CSR Committee (Section 135 of Companies Act 2013) Every company having the following criteria shall contribute in every financial year, at least two per cent. Of the average net profits of the company made during the three immediately preceding financial years Net Worth: Rs. 500 Crores   Turnover: Rs. 1000 Crores   Profits: Rs. […]

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With the announcement of the Hon’ble Prime Minister banning Indian Currency of Rs. 500 & Rs. 1000, the Voluntary Disclosure of Income Scheme, gold monetization scheme, opening of bank accounts, etc. everything seems to have fallen in place. This proves that it is not just an impromptu decision taken by the government, It was a move planned […]

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On the eve of 08th November, 2016 when half of the nation was busy watching saas-bahu stereotypes, and the other half in witnessing the fate of United States of America, our Hon’ble Prime Minister along with Reserve Bank of India had all their moves ready to make a landmark and everlasting impact in the history […]

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GST Council has taken a step ahead towards making GST a reality. They have lifted veil from the most awaited part of GST i.e. the tax rates. They have introduced the following rates: 0% – Food grains of high public consumption and which contributes to almost 50% of the inflation index; 5%-12%-18% – other Goods […]

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From its inception, information technology (IT) has been changing the way business is done. IT is changing the basis of business from labor and manual skills to knowledge management. The workplace has changed significantly over the last half-century due to information technologies, mainly due to automation of existing processes. Technology has become an inseparable part […]

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