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.
Cheque Bouncing vs Insolvency – Whether Moratorium is a Boon or Curse?
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.
Gujarat Simplifies Renewal of License Under Legal Metrology (Enforcement) Rules, 2011
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.
Tamil Nadu Provides Creche Guidelines Under Maternity Law
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 →
Medical Devices – A new regulation
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.
Key Principles Of Insider Trading Propounded In The Matter Of Future Retail Limited
A company being a juristic person is answerable for its act. However, the PIT Regulations itself provides that in case of non-individual insiders, with respect to an allegation of violation of Regulation 4(1), a defence can be taken by such insiders that persons who took trading decisions and the person who were in possession of UPSI, were the different persons.
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