Online Registration/Licensing is now mandatory under Contact Labour and Inter-state Migrant workmen Act
Central government has published notification(s) dated 15th November, 2018 regarding making registration and licensing mandatory online on the Shram Suvidha Portal under the Contract Labour (R&A) Act, 1970 and Inter-State Migrant Workmen (RECS) Act, 1979. Draft of amendment rules under the Contract Labour (Regulation and Abolition) Central Rules, 1971, and Inter-State Migrant Workmen (Regulation of […]
Extension of due dates for filing GST returns
In view of the disturbances caused to daily life by Cyclone Titli in the district of Srikakulam, Andhra Pradesh, and by Cyclone Gaza in eleven districts of Tamil Nadu viz., Cuddalore, Thiruvarur, Puddukottai, Dindigul, Nagapatinam, Theni, Thanjavur, Sivagangai, Tiruchirappalli, Karur and Ramanathapuram, the Central Board of Indirect Taxes & Customs (CBIC) has decided to extend […]
SEBI Norms on Fund raising by issuance of Debt Securities by Large Entities
With a view to operationalise the Union Budget announcement for 2018-19, which, inter-alia, stated “SEBI will also consider mandating, beginning with large entities, to meet about one-fourth of their financing needs from the debt market”, SEBI has issued guidelines dated 26 November 2018 to all Listed Entities (whose specified securities or debt securities or NCRPS are listed […]
Proposal to include surgical Gowns and Drapes as Medical Device
The Central Drugs Standard Control Organisation (“CDSCO”) vide public notice dated 27th November, 2018 has issued a proposal to include surgical gowns and drapes under the purview of Section 3 (b) (iv) of the Drugs and Cosmetics Act, 1940 under the definition of drug covering devices intended for internal or external use in the diagnosis, treatment, mitigation […]
Central Drug Control Organisation launches online portal ‘SUGAM’
The Central Drugs Standard Control Organisation (‘CDSO’) in pursuance to implementation of e-governance has launched an online portal “SUGAM” on 14 November 2015. Various services rendered by CDSO are being rolled out in Phases. In this context it is pertinent to note that, the authority had published draft Rules have been published vide G.S.R No […]
TN Shop & Establishment Act amended with respect to leave with wages
In exercise of the powers conferred by Section 27 of the Tamil Nadu Shops and Establishments Act, 1947 (Tamil Nadu Act XXXVI of 1947), the Governor of Tamil Nadu, vide notification dated 14th November 2018, has increased the maximum number of holidays with wages that could be accumulated by an employee as per the proviso […]
TamilNadu Govt amends TN Contract Labour and Maternity Benefit Rules
The Tamil Nadu Government has passed notification on 28 November 2018 amending the provisions of Tamil Nadu Contract Labour (Regulation and Abolition) Rules. In the said Rules, after the proviso to sub-rule (2), of rule 82, the following proviso has been added:- “Provided further that no annual return in Form No. XXV need be sent […]
Tamil Nadu imposes stamp duty on M&A property deals
The registration department of Tamil Nadu has issued a circular to clarify that the transfer of property taking place under the Companies Act, through the scheme of arrangements for merger or demerger of the companies would be classified as the conveyance, on which stamp duty is applicable. Tamil Nadu has joined many other States that already have this provision. […]
Companies should provide details of auditors to MCA
MCA vide its notification dated 13th November 2018 notified National Financial Reporting Authority (NFRA) Rules 2018 Key aspects specified by the NFRA rules are Classes of companies and bodies corporate governed by the NFRA Authority, Functions and duties of the NFRA Authority, Annual return, Recommending accounting standards and auditing standards, Monitoring and enforcing compliance with […]
Cabinet approves ordinance to amend Companies Act
The President of India has, on 2nd November 2018, promulgated Companies (Amendment) Ordinance, 2018 (“Ordinance”) to amend certain provisions of the Companies Act, 2013 (“Companies Act”). The Ordinance, which came into force on the same date, has made over thirty amendments to the Companies Act. The amendments introduce changes to improve compliance and corporate governance, […]
