Legal Updates

The Maternity Benefit (Amendment) Act, 2017

No. S-36012/03/2015-SS-1 Government of India Ministry of Labour & Employment Shram Shakti Bhawan, Rafi Marg, New Delhi, dated 12th April, 2017 To, The Labour Department, All States/Union Territories Sub: The Maternity Benefit (Amendment) Act, 2017 - reg. Sir/Madam, In line with recommendations of the 44th, 45th & 46th Session of Indian Labour Conference (ILC) and… Read More

E-stamping to be made mandatory for transactions above Rs 1 lakh

The government has made e-stamping mandatory for transactions above Rs 1 lakh. A gazette notification has been issued in this regard after amending the Stamp rules of 1960. The present method will continue for two more months after which e- stamping will be mandatory. For transactions less than Rs 1 lakh, either stamp paper or… Read More

Exemption from section 5 of the Competition Act to certain enterprise

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 27th March, 2017 S.O. 988(E).—In exercise of the powers conferred by clause (a) of section 54 of the Competition Act, 2002 (12 of 2003), the Central Government, in public interest, hereby exempts the enterprises being parties to –– (a) any acquisition referred to in clause (a) of… Read More

Amendments to Schedule III of the Companies Act, 2013

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 30th March, 2017 G.S.R. 308(E).—In exercise of the powers conferred by sub-section (1) of section 467 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following further amendments to Schedule III of the said Act with effect from the date of publication… Read More

Employees’ Provident Funds (Third Amendment) Scheme, 2017

MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 29th March, 2017 G.S.R. 298(E).—In exercise of the powers conferred by section 5 read with sub-section (1) of section 7 of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby makes the following Scheme further to amend the Employees’… Read More

Companies (Meetings of Board and its Powers) Amendment Rules, 2017

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 30th March, 2017 G.S.R. 309(E).—In exercise of the powers conferred under sections 173, 175, 177, 178, 179, 184, 185, 186, 187, 188, 189 and section 191 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further… Read More

Maternity Benefit (Amendment) Act, 2017 increasing maternity leaves from 12 weeks to 26 weeks notified. Effective date of amendment yet to be notified

THE MATERNITY BENEFIT (AMENDMENT) ACT, 2017 No. 6 OF 2017 [27th March, 2017.] An Act further to amend the Maternity Benefit Act, 1961.   BE it enacted by Parliament in the Sixty-eighth Year of the Republic of India as follows:— 1. (1) This Act may be called the Maternity Benefit (Amendment) Act, 2017. (2) It… Read More

Securities Contracts (Regulation) Amendment Rules, 2017

MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 20th March, 2017 G.S.R. 268(E).—In exercise of the powers conferred by section 30 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956), the Central Government hereby makes the following rules further to amend the Securities Contracts (Regulation) Rules, 1957, namely:— 1. (1) These… Read More

2 Lacs penalty for accounts not legibly scanned

NATIONAL COMPANY LAW TRIBUNAL NEW DELHI BENCH NEW DELHI C.P.NO. 16/119/16 CA. NO. PRESENT: SMT. INA MALHOTRA Hon'ble Members (J)   ATTENDANCE-CUM-ORDER SHEET OF THE HEARING OF NEW DELHI BENCH OF THE NATIONAL COMPANY LAW TRIBUNAL ON 7.10.2016 NAME OF THE COMPANY: M/s MVM Metal and Alloys Pvt. Ltd. SECTION OF THE COMPANIES ACT: 621A… Read More

Amendments in Chapter 4 of the Foreign Trade Policy 2015-20

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 21st March, 2017 No. 42/2015-2020 Subject: Amendments in Chapter 4 of the Foreign Trade Policy 2015-20 S.O. 905(E).— In exercise of powers conferred by Section 5 of FT (D&R) Act, 1992, read with paragraph 1.02 of the Foreign… Read More

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