Government of Goa notifies Salary Reimbursement Scheme.

For start-ups whose work force comprises of 60% of locals, up to 25% of salary of the local work force subject to cap of INR 25 lakh per year will be reimbursed for 3 years. A start-up can claim salary of maximum 25 people. This benefit can be availed by 100 start-ups each year which shall be selected by the SITPC as per its guidelines.

IBBI notifies revised format of Annual Compliance Certificate for IPAs.

In terms of Regulation 7 of the Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016, an Insolvency Professional Agencies (IPA) shall designate or appoint a compliance officer who shall be responsible for ensuring compliances with the provisions of the Code and regulations, circulars, guidelines, and directions issued thereunder.