A recent Article authored on "Dispute Management Strategy For Large Corporates: Forecast 2021" by Archana Balasubramanian, Founding Partner has been published by "LegitEye" on 6th April 2021 as the "Column of the Week". The Article throws light on how in recent years commercial disputes have become even more volatile given the increasing complexities in the business ecosystems and how non-Indian... Continue Reading →
In order to relieve small industries from excessive compliances, the State of Madhya Pradesh and Puducherry have passed amendments to their respective Factories Rules. Further, the State of Odisha has also introduced amendments to laws governing inter-state migrant labourers. In this post, we will decode the amendments passed by the respective State Governments. Madhya Pradesh... Continue Reading →
The issue whether entries/ disclosures made in financial statements could be construed as an “acknowledgment” under Section 18 of the Limitation Act, came up for consideration before NCLAT. While this issue had been previously considered by various courts and tribunals, there was some ambiguity...
the proposed amendment is a positive step and promotes self-regulation by easing the burden of compliances. It is an excellent example of simplification of laws and highly welcomed by the manufacturers, repairers or dealers of weights and measures.
This is where the previously regulated 37 devices differ from the new entrants. The former is an exception to the registration requirement under the amendment. This has far reaching consequences and hence considerable grace period is provided to comply with the registration and other requirements. All importers and manufacturers have to get their devices registered before 1st October 2021, failing which they cannot resume their business till licensing requirements are met.
The Ministry of Corporate Affairs notified amendments to the Companies (Specification of Definitions details) Rules, 2014 on 19th February 2021 (“Amendment Rules”). The aforesaid amendment has excluded certain classes of companies from the ambit of the definition of “listed companies”. As per the Amendment Rules, following companies are exempted: Public companies that do not have... Continue Reading →