Plastic Ban imposed in the State of Odisha

Plastic Ban imposed in the State of Odisha with effective from October 02, 2018 In line with the Plastic Waste Management Rules, 2016 effected by the Ministry of Environment, Government of India, the State Government of Odisha has passed an order regulating the use of Polythene Bags, thermocol and similar products. This Order applies to the […]

Insertion of Form GSTR-9C in Central Goods and Services Tax Rules, 2017

Central Goods and Services Tax (Tenth Amendment) Rules, 2018 came into force on 13th September, 2018. In the FORMS to the Central Goods and Services Tax Rules, 2017, after Form GSTR-9A, Form GSTR-9C is inserted. As per Rule 80(3) of CGST Rules, 2017 “Every registered person whose aggregate turnover during a financial year exceeds two crore rupees shall […]

Third Party Auditing Regulations

FSSAI has notified the Food Safety and Standards (Food Safety Auditing) Regulation 2018. The Regulation empowers the Food Authority to recognize an organization or an agency for carrying out food safety audit and checking compliance with the Act, rules and regulations. Competent agencies satisfying the eligibility criteria as per the Regulation can apply to FSSAI for recognition. […]

Mandatory Disclosure for Companies on Compliance with Sexual Harassment Act

The Ministry of Corporate Affairs has amended the Companies (Accounts) Rules, 2014, to make it part of the mandatory non-financial disclosures in annual reports of private companies under Section 134 of the legislation wherein non-disclosure attracts penal provisions. Accordingly, all companies will have to provide “a statement that the Company has complied with provisions relating […]

Human Immunodeficiency Virus and Acquired Immune Deficiency Syndrome (Prevention and Control) Act, 2017 gains the force of law effective 10.09.2018

In a recent Notification No. S.O. 4715(E), the Central Government has finally given effect to the provisions of the Human Immunodeficiency Virus and Acquired Immune Deficiency Syndrome (Prevention and Control) Act, 2017 [Act] as on 10th September, 2018 The Act addresses the three-fold requirements of: Preventing and Controlling the Human Immunodeficiency Virus and Syndrome. Protecting and securing […]

The Companies (Significant Beneficial Owners) Rules, 2018

Companies (Significant Beneficial Ownership) Rules, 2018 has been notified on 13th June 2018.  As per Section 90 of the Companies Act, 2013 (‘Act’), Significant Beneficial Owner in a company means beneficial owner holding ultimate beneficial interest not less than 10% and whose name is not entered in the register of members of a Company. Where […]

SEBI Publishes The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018

The Securities and Exchange Board of India (“SEBI”) has recently on September 11, 2018 published the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“2018 Regulations”) These Regulations will become effective after 60 days of the publication i.e. November 11, 2018 The Regulation shall be applicable to the following: (a) an initial […]

Employers should link the aadhaar number of insured employees and their family members on the ESIC Online portal

The Employees State Insurance Corporation (“Corporation”) has in a Draft Notification published on September 5, 2018, proposed amendments to the  Employees’ State Insurance (General) Regulation, 1950. As per the proposal, employers will be required to link the Aadhar Number (s) of the insured persons and their family members on the ESIC online portal to facilitate insured […]

The Ministry of Labour has brought an amendment in Contract Labour (Central) Rules, 1971

The Ministry of Labour and Employment (“Ministry”) has, by a Notification dated 4th September, 2018, directed that the provisions of rules 17,18,19,20,21,23,24,25,28 and 38 under the Contract Labour (Regulation and Abolition) Central Rules, 1971 (“Rules”), in so far as they relate to offline process of making applications and other incidental matters and payment of fee and […]

CSR calculation and few other provisions of Companies Act, 2013 modified

MCA has set the date of enforcement of Section 37 of the Companies (Amendment) Act, 2017 which amends the provisions of Section 135 (i.e. Corporate Social Responsibility) of the Companies Act, 2013 with effect from 19th September, 2018. Major highlights of the changes are: (a) Eligibility criteria for the purpose of constituting the CSR Committee and incurring expenditure towards […]