June 1, 2017 In Blog, Uncategorized

BEEF BAN!!

The Central Governmenton 26th May 2017 announced strict rules to prohibit sale of animals for slaughter and sale. The ban on slaughter is alsoapplicable to religious sacrifice at livestock markets and animal fairs that are a common occurrence…

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June 1, 2017 In Blog, Uncategorized

SEBI proposes to levy USD 1,000 fee on each P-Note issuance

Participatory Notes commonly known as P-Notes or PNs are instruments issued by registered Foreign Institutional Investors (FII) to overseas investors, who wish to invest in the Indian stock markets without registering themselves with the market regulator, the Securities and Exchange Board…

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May 17, 2017 In Blog, Uncategorized

WOMEN ALREADY ON MATERNITY BREAK ALSO ELIGIBLE FOR ENHANCED LEAVE

  The Government on Monday, 8th May 2017, clarified that it is mandatory on the part of employers to extend the benefit enhanced maternity benefit of 26 weeks, as modified by the Maternity Benefit (Amendment) Bill, 2016, to…

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May 17, 2017 In Blog, Uncategorized

DILUTIONS UNDER THE REAL ESTATE (REGULATION AND DEVELOPMENT) ACT, 2016

  Real Estate (Regulation and Development) Act, 2016 came into force on May 1, 2016 culminating the eight year long efforts in this regard and setting in motion the process of making necessary operational rules and creation of…

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May 13, 2017 In Blog, Uncategorized

ANALYSIS OF DEATH PENALTY IN THE RAREST OF RARE CASES

In the past few years, the Government has brought a number of legal advancements, policy reforms for protection of women from various sources of violence and atrocities and schemes for launching women helpline, prevention of trafficking and sexual…

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April 28, 2017 In Blog, Uncategorized

RBI proposes fresh Regulations under Foreign Exchange Management Act, 1999 for Cross Border Mergers and Acquisitions

  The Reserve Bank of India (RBI) on Wednesday, April 26, 2017,  proposed a fresh set of regulations regarding Mergers and Acquisitions (M&A) which seek reporting of all deals which are not on the automatic route, to be more stringent, time-bound…

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April 28, 2017 In Blog, Uncategorized

NON-TRACEABILITY OF THE FILE CANNOT BE A DEFENCE TO DENY INFORMATION

The Central Information Commission on 23rd April 2017 made it clear that ‘missing files’ is no defence and it cannot be used as an excuse to deny information. Under the Right to Information Act, it is mandatory to publish…

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April 27, 2017 In Blog, Uncategorized

IMPACT OF GOODS AND SERVICES TAX ON TRADE AND INDUSTRY

The Government of India has recently passed the Central Goods and Services Tax (CGST) Act 2017 and the Integrated and Services Tax (IGST) Act 2017 and has announced that the Goods and Services Tax (GST) regime will tentatively…

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April 24, 2017 In Blog, Uncategorized

IMPACT OF GOODS AND SERVICES TAX ON SMALL BUSINESSES

The Goods and Services Tax (GST) Bill has been passed by both Houses of the Parliament (Rajya Sabha and Lok Sabha) and will be effective from 1st July, 2017. The new GST regime is expected to lead to…

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April 24, 2017 In Blog, Uncategorized

FRIENDLY ADVANCE RULING MECHANISM TO SMOOTHEN RIDE UNDER GST REGIME

  India is creating a liberal mechanism that would allow all taxpayers to determine their liabilities beforehand. It is planning a significant shift towards a litigation free environment under the GST regime. The advance ruling mechanism will allow…

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