Legal Updates - Corporate Law Reporter

New Labour Law Rules notified – Ease of Compliance to Maintain Registers under various Labour Laws Rules, 2017

MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 21st February 2017 G.S.R. 154(E).—Whereas for the ease of, and for the expedient compliance of the requirement of the various labour related laws referred to herein and for the purpose of maintaining combined registers for all such laws, it has become essential to frame separate rules… Read More

THE PAYMENT OF WAGES (AMENDMENT) ACT, 2017

MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 16th February, 2017/Magha 27, 1938 (Saka) The following Act of Parliament received the assent of the President on the 15th February, 2017, and is hereby published for general information:— THE PAYMENT OF WAGES (AMENDMENT) ACT, 2017 NO. 1 OF 2017 [15th February, 2017] An Act… Read More

Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2017

THE GAZETTE OF INDIA EXTRAORDINARY PART – III – SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, FEBRUARY 15, 2017 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 15th February, 2017 SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) (AMENDMENT) REGULATIONS, 2017 No. SEBI/LAD/NRO/GN/2016-17/030. ─ In exercise of the powers conferred… Read More

Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2017

THE GAZETTE OF INDIA EXTRAORDINARY PART – III – SECTION 4 PUBLISHED BY AUTHORITY FEBRUARY 15, 2017 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 15th February, 2017 SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) (AMENDMENT) REGULATIONS, 2017 No. SEBI/LAD/NRO/GN/2016-17/029 .─ In exercise of the powers conferred by section 11,… Read More

Few eForms likely to be revised

SPICe form (INC-32) is likely to be revised on MCA21 Company Forms Download Page w.e.f 19th Feb 2017. Stakeholders are advised to check the latest version before filing. Form AOC-4, AOC-4 XBRL and GNL-2 are likely to be revised on MCA21 Company Forms Download page w.e.f 17th FEB 2017. Stakeholders are advised to check the… Read More

Removal of limits on withdrawal of cash from Saving Bank Accounts

RBI/2016-17/224 DCM (Plg) 3107/10.27.00/2016-17 February 08, 2017 All Banks Dear Madam / Sir, Removal of limits on withdrawal of cash from Saving Bank Accounts Please refer to our circular DCM (Plg) 2905/10.27.00/2016-17 dated January 30, 2017 on the captioned subject. 2. In the wake of withdrawal of Specified Bank Notes (SBNs) since November 09, 2016… Read More

Form MGT-7 and GNL-2, IEPF-5 likely to be revised

Form MGT-7 and GNL-2 are likely to be revised on MCA21 Company Forms Download page w.e.f 9th FEB 2017. Stakeholders are advised to check the latest version before filing. Form IEPF-5 is likely to be revised on MCA21 IEPF Forms Download page w.e.f 9th FEB 2017. Stakeholders are advised to check the latest version… Read More

EPFO Circular on responsibility of Principal Employer for deposit of PF of contracted employee

Employees’ Provident Fund Organisation (Ministry of Labour, Govt. Of India) Head Office Bhavishya Nidhi Bhawan, 14- Bhikaiji Cama Place, New Delhi – 110066 (CENTRAL ANALYSIS & INTELLIGENCE UNIT) No.CAIU/011(33)2015/HQ/Vol.II/28445 … Read More

Union Budget 2017 Highlights – Live from FM’s speech

Macro Economic Forex Reserves at healthy 361 b $ representing 12 months of imports IMF GDP growth forecast at 7.2% in 2017 and 7.7% in 2018 Demo and GST to have an affirmative impact in the long term 3 Changes for this Budget Budget date advanced to 1st Feb to enable approval of the Bill… Read More

Limits on Cash withdrawals from Bank accounts and ATMs – Restoration of status quo ante

RBI/2016-17/217 DCM (Plg) No. 2905/10.27.00/2016-17 January 30, 2017 The Chairman / Managing Director / Chief Executive Officer, Public Sector Banks / Private Sector Banks / Foreign Banks, Regional Rural Banks / Urban Co-operative Banks, State Co-operative Banks / District Central Co-operative Banks Dear Sir/Madam, Limits on Cash withdrawals from Bank accounts and ATMs - Restoration… Read More

Companies (Incorporation) Amendment Rules, 2017

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, 25 th January, 2017 G.S.R (E)- In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central… Read More

FAQs on Withdrawal of Legal Tender Character of the Old Bank Notes in the denominations of ₹ 500 and ₹ 1000 and The Specified Bank Notes (Cessation of Liabilities) Ordinance 2016 (Updated as on January 24, 2017)

Withdrawal of Legal Tender Character of the Old Bank Notes in the denominations of ₹ 500 and ₹ 1000 and The Specified Bank Notes (Cessation of Liabilities) Ordinance 2016 (Updated as on January 24, 2017) 1. Why was the Scheme of Withdrawal of Legal Tender Character of the old Bank Notes in the denominations of… Read More

Employees’ State Insurance (Central) Amendment Rules, 2017

MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 20th January, 2017 G.S.R. 62(E).—Whereas draft rules further to amend the Employees’ State Insurance (Central) Rules, 1950 were published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (i) vide number G.S.R. 958(E), dated the 6th October, 2016, as required under sub-section (1) of section… Read More