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Legislation Updates

Legislation UpdatesNotifications

Clarifications on implementation of GAAR provisions under Income Tax Act, 1961

The General Anti Avoidance Rule (GAAR) provisions shall be effective from the Assessment Year 2018-19 onwards, i.e. Financial Year 2017-18 onwards.  The necessary procedures

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Published on January 30, 2017By Saba
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Legislation UpdatesRules & Regulations

ESI benefits extended to surrogate and adopting mothers

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,

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Published on January 27, 2017January 27, 2017By Saba
1 Comment5176 views
Legislation UpdatesNotifications

CBDT issues Guiding Principles for determination of Place of Effective Management (POEM) of a Company

The concept of Place of Effective Management (POEM) for deciding the Residential Status of a company was introduced by the Finance Act,

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Published on January 27, 2017By Saba
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Cabinet DecisionsLegislation Updates

Cabinet approves repealing of obsolete and redundant laws

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for introduction of the Repealing and Amending

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Published on January 19, 2017April 27, 2018By Saba
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Legislation UpdatesRules & Regulations

Adoption Regulations, 2017 to become operational w.e.f. January 16, 2017

The Adoption Regulations, 2017 framed by ‘Central Adoption Resource Authority’ (CARA) as mandated under Section 68(c) of Juvenile Justice (Care and Protection

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Published on January 16, 2017By Saba
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Legislation UpdatesRules & Regulations

Issue of Convertible Notes by Indian startup companies – FEMA Regulations, 2016 notified

G.S.R. 16 (E).—In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the

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Published on January 12, 2017January 12, 2017By Saba
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Legislation UpdatesRules & Regulations

Bank accounts to be linked with PAN & Form No. 60 by Feb. 28, 2017

G.S.R. 14(E).—In exercise of the powers conferred by Section 139A and Section 285BA, read with Section 295 of the Income Tax Act,

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Published on January 11, 2017By Saba
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Legislation UpdatesRules & Regulations

Mandatory for dog breeders & marketers to register with State Animal Welfare Board

The Ministry of Environment, Forest and Climate Change has invited comments on the draft notification of Prevention of Cruelty to Animals (Dog

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Published on January 11, 2017By Saba
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Legislation UpdatesNotifications

AADHAR to be made mandatory for MNREGA

S.O. 19(E).––Whereas, the use of Aadhaar as identity document for delivery of services or benefits or subsidies simplifies the Government delivery processes,

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Published on January 6, 2017January 12, 2017By Saba
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Legislation UpdatesRules & Regulations

National Company Law Tribunal to be the sanctioning authority for all matters pertaining to restructuring of companies, rules notified

G.S.R. 1134(E).—In exercise of the powers conferred by sub-sections (1) and (2) of Section 469 read with Sections 230 to 233 and

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Published on January 4, 2017By Saba
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Legislation UpdatesStatutes/Bills/Ordinances

Employers to pay wages by cheque or by crediting it in employee’s bank account

THE PAYMENT OF WAGES (AMENDMENT) ORDINANCE, 2016 No. 9 of 2016 Promulgated by the President in the Sixty-seventh Year of the Republic

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Published on December 30, 2016February 21, 2017By Saba
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Foreign LegislationLegislation Updates

ESI benefit to be extended to employees with wages up to Rs. 21,000 from January 1, 2017

G.S.R. 1166(E).—Whereas certain draft rules further to amend the Employees’ State Insurance (Central) Rules, 1950 were published in the Gazette of India,

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Published on December 29, 2016January 4, 2017By Saba
Leave a comment4727 views
Legislation UpdatesRules & Regulations

The Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016, notified

IBBI/2016-17/GN/REG001.— In exercise of the powers conferred by Sections 196, 203 and 205 read with Section 240 of the Insolvency and Bankruptcy

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Published on December 27, 2016December 27, 2016By Saba
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Legislation UpdatesStatutes/Bills/Ordinances

President promulgates the Enemy Property (Amendment and Validation) Fifth Ordinance, 2016

The President of India has promulgated the Enemy Property (Amendment and Validation) Fifth Ordinance, 2016 (8 of 2016) on 22nd December, 2016.

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Published on December 26, 2016By Saba
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Legislation UpdatesRules & Regulations

Rules to issue Passports, streamlined and liberalised

1. In order to streamline, liberalize and ease the process of issue of passport, the Ministry of External Affairs has taken a

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Published on December 25, 2016February 27, 2017By Saba
1 Comment15225 views
Legislation UpdatesRules & Regulations

The Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, notified

The Insolvency and Bankruptcy Board of India (Board), in exercise of its powers conferred under Section 240 of the Insolvency and Bankruptcy

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Published on December 20, 2016By Saba
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Foreign LegislationLegislation Updates

The Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Eighteenth Amendment) Regulations, 2016, notified

G.S.R 1118(E).— In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the

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Published on December 19, 2016April 27, 2018By Saba
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Foreign LegislationLegislation Updates

Amendment in EIA Notification, 2006 on Integration of Environmental Conditions with Building Permissions, notified

The Government has put in place a new framework and an institutional structure for streamlining the environmental clearance for building and construction

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Published on December 19, 2016By Saba
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Legislation UpdatesNotifications

The Companies (Removal of Difficulties) Fourth Order, 2016, notified

S.O 3676(E).— Whereas clause (c) of sub-section (1) of Section 434 of the Companies Act, 2013 (hereinafter referred to as the 2013

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Published on December 17, 2016January 4, 2017By Saba
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Legislation UpdatesRules & Regulations

The Companies (Transfer of Pending Proceedings) Rules, 2016, notified

G.S.R 1119(E).— In exercise of the powers conferred under sub-sections (1) and (2) of Section 434 of the Companies Act, 2013 (18

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Published on December 16, 2016January 5, 2017By Saba
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