Government Simplifies Registration Process for MSMEs.
In order to make India a global economic powerhouse, vision of MSME aims towards building a supporting ecosystem for MSMEs to enhance their contribution towards five trillion dollar economy and to boost the economic activities of MSMEs, the Government has announced a special incentive package ‘Aatmanirbhar Bharat Abhiyan’ of 20 lakh crore rupees.
Labour Ministry has notified the Draft Rules relating to Employee’s Compensation under the Code on Social Security, 2020.
The Code on Social Security, 2020 amends and consolidates the laws relating to social security with the goal to extend social security to employees and workers in the organised as well as unorganised sectors.
Government of Punjab has directed the EIC to comply with the Electricity Duty exemption.
ED/IDF exemption shall be levied to all the new connections with the approval of worthy CMD, PSPCL through the ID of SE/Dy.CE/DS concerned only (except in those cases where ED exemption notification has been issued by Govt. of Punjab)
Government of West Bengal announces extension of COVID lockdown up to 30th June 2021.
All production units and industries including IT&TTES sector may function with 50% of total strength in each shift subject to vaccination of employees, wearing of masks and maintenance of physical distancing.
SEBI relaxes the minimum vesting period in case of death of employees under SEBI (Share Based Employee Benefit) Regulations, 2014.
At Present, regulation 18(1) and 24(1) of the SEBI (Share Based Employee Benefit) Regulations, 2014 (“SBEB Regulations”) provides that there shall be a minimum vesting period of one year in case of employee stock options (“options”) and stock appreciation rights (“SAR”)
