As per Section 2(41) of the Companies Act, 2013 (“Act”), financial year, in relation to any company or body corporate, means the period ending on the 31st day of March every year, and where it has been incorporated on or after the 1st day of January of a year, the period ending on the 31st …
Change in Financial Year of Companies Registered Under Companies ACT, 2013 Read More »
The Government of Telangana vide its order number (G.O.Ms.No. 12) dated May 15, 2023, has extended the permission to all the shops and establishments in the State of Telangana to remain open on all the days of the year for a further period of 3 (three) years effective from June 16, 2022. However, such an …
The Reserve Bank of India (“RBI”) vide notification no. RBI/2023-24/24 dated April 28, 2023, has brought amendment to the Master Direction on Know Your Customer dated February 25, 2016 (“Master Directions”). These Master Directions are applicable to all the regulated entities including but not limited to the scheduled commercial banks, non-banking financial companies, all India …
RBI: Amendment to the Master Direction on Know Your Customer Read More »
Introduction Earlier, the Ministry of Labour and Employment (“Ministry”) had released a press note dated April 03rd, 2023 wherein, the Ministry had undertaken several measures to increase registration facilities to unorganized workers by way of introducing common services centres at village level, organizing registration camps and drives, integrating E-Shram portal with Unified Mobile Application for …
Introduction The Reserve Bank of India (“RBI”) vide notification no. RBI/2023-24/102 dated April 10, 2023, released the RBI (Outsourcing of Information Technology Services) Directions, 2023 (“Directions”) effective from October 1st, 2023, and will be applicable to entities such as the commercial banks, urban co-operative banks, non-banking financial companies, credit information companies, etc. (“Regulated Entities”). According …
Master Direction on Outsourcing of Information Technology Services Read More »
Introduction The Ministry of Labour and Employment (“Ministry”) has released a press note dated April 03rd, 2023 wherein, the Ministry has provided with on-the-go registration and updation facilities to the unorganized workers vis a vis E-Shram portal in integration with Unified Mobile Application for New-age Governance (“UMANG”) mobile application. The said move has been introduced …
Introduction The Ministry of Commerce and Industry (“Ministry”) vide notification no. 1/2023 dated March 31st, 2023, had announced the Foreign Trade Policy 2023 (“FT Policy”) effective from April 1st, 2023. The new FT Policy has been introduced with a vision to increase exports manifold by taking into account the size of the Indian economy and …
Introduction With the advent globalization and exponential growth in the dynamics of the business environment, the role of a general counsel or in-house lawyer in India has undergone a drastic change. In early 80s and 90s, the role of a general counsel was not prevalent in the corporate hierarchy structure. It was only limited to …
In light of the powers conferred under the Punjab Shops and Commercial Establishments Act, 1958 (“Punjab S&E”) and superseding all the earlier notifications in this regard, the Government of Haryana vide notification (No. 4490) (“Notification”) dated February 21st, 2023, has laid down certain conditions for employment of women employees during night shifts from 08:00 PM …
Key Conditions to employ women employees during night shifts: Haryana Government Read More »
