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...
High value employment contracts are unique to the nature of employment and skills each such senior employee brings to the organisation based on their expertise and thus, there is no such standardised version of a Key Employee contract. In light of the expertise of such employees including the comprehensive nature of responsibilities expected from such employees it is without an iota of doubt, absolutely essential to put in place a written contract detailing the understanding with such employees.
However, the Apex Court also, observed that the moratorium provision under Section 14 of the Code would apply only to the corporate debtor while the natural persons mentioned under Section 141 of the NI Act continue to be statutorily liable under the NI Act.
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.
The Government of Tamil Nadu vide notification no. SRO A-1/2021, has amended the Tamil Nadu Maternity Benefit Rules, 1967 (“Rules”) under the powers conferred by Section 28 of the Maternity Benefit Act, 1961. As per the amendment, a new Rule 6A has been inserted in the principal Rules which mandates every establishment with 50 or... Continue Reading →
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