Corporate Social Responsibility Funds for COVID 19

The Ministry of Corporate Affairs on March 23, 2020 issues general circular no. 10/2020 to all the stakeholders giving clarifications on spending CSR funds for COVID 19. By observing the current scenario due to novel coronavirus in India, it is declared a pandemic by the World Health Organization and the government of India to treat … Read more

Government of Maharashtra: Not to terminate or cut down wages of employees due to pandemic COVID-19

As it can be observed the catastrophic situation due to the outbreak of Coronavirus is a big challenge before the people living in the society. And the Government is continuously advising and making consistent efforts requesting the citizens to remain at home and not to come out. Due to this there may be such incidence … Read more

COVID 19 should not affect the Mid-Day Meal Scheme

On March 20, 2020 the Department of School Education and Literacy issued notice that each child studying in elementary classes (I-VIII) in Government and Government Aided Schools, Special Training Centres (STC) and Madrasas & Maqtabs supported under Samgra Shiksha (SS) are provided one hot cooked midday meal containing prescribed energy and protein, on each school … Read more

SEBI Guidelines on Relaxation in Filings

The Securities and Exchange Board of India (SEBI) prescribes several compliance requirements for listed entities under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Due to the ongoing Novel Coronavirus pandemic has caused substantial disruption to business and impeded ordinary functioning. On 19th March 2020 SEBI issued a circular relaxing some compliance requirements under … Read more

CORONAVIRUS And Its Impact on Contracts

CORONAVIRUS AND ITS IMPACT ON CONTRACTS As the COVID-19 also known as Coronavirus is on rise and its impact is not limited to human lives but also to operation of business eventually affecting the economy. The stock valuations are going down and various supply chain disruption, performances under various contracts are in question. In such … Read more

Highlights on the Social Security Code, 2019

The Social Security Code, 2019 has replaced the previous laws namely The Employees’ Provident Fund Act, 1952, The Maternity Benefit Act, 1961 and The Unorganized Workers’ Social Security Act, 2008. Social security schemes: The central government may notify various social security schemes for the benefit of workers.  These include an Employees’ Provident Fund (EPF) Scheme, … Read more

Highlights on the Occupational Safety, Health, and Working Conditions Code, 2019

The Occupational Safety, Health and Working Conditions Code, 2019 has replaced previous laws namely Factories Act, 1948, Mines Act, 1952, Dock Workers Act, 1986, Contract Labour Act, 1970 and Inter-State Migrant Workers Act, 1979. Now the main features of this new code are as follows: Coverage, license and registration: It specifies the applicability for establishments … Read more

HIGHLIGHTS OF INDUSTRIAL RELATIONS CODE, 2019

The Industrial Relations Code, 2019 has replaced the previous laws namely The Industrial Dispute Act, 1947, The Trade Union Act, 1926 and The Industrial Employment (Standing Orders) Act, 1946. Now the main features of this new code are as follows: Trade unions:  Seven or more members of a trade union can apply to register it.  … Read more

Highlights of Code of Wages, 2019

The Code on Wages, 2019 has replaced previous laws namely The Payment of Wages Act, 1936, The Minimum Wages Act, 1948, The Payment of Bonus Act, 1965 and The Equal Remuneration Act, 1976. Now the main features of this new code are as follows: Definition of wages:   The Code seeks to provide a single … Read more

DIFFERENCE BETWEEN LLP & PVT. LTD. COMPANY – ON THE BASIS OF STRUCTURE & TAX REGIME

DIFFERENCE BETWEEN LIMITED LIABILITY PARTNERSHIP (LLP) AND PRIVATE LIMITED COMPANY (Pvt. Ltd. Company) BASIS LLP Pvt. Ltd. Co. Meaning LLP is registered under LLP Act, 2008. Pvt. Ltd. Co. is registered under the Companies Act, 2013. Features       Note: Both the companies are having similar features 1. Separate legal entity2. Less flexible in … Read more