However, the Advisories/ Orders have given rise to a lot of confusion among the employers with regards to payment of salaries and wages of their employees and workers, pursuant to which various writ petitions have been filed by the employers in the High Courts and Supreme Court. On the other hand, the employees have also sought actions against employers who are taking adverse steps against the Advisories/ Orders issued. Some key developments are captured in this post
COVID-19 Update: Clarification in relation to Payment of Stamp Duty in Maharashtra
Owing to the unavailability of stamps, execution of necessary documents would not be possible which will result in delay/stoppage of financial operations of banks and this will not be in favour of public welfare. In response to queries by banks and financial institutions the authorities had come up with clarifications..
COVID-19 UPDATE: FDI LEGISLATION AMENDED – INVESTMENT FROM CHINA AND OTHER COUNTRIES SHARING BORDERS WITH INDIA JEOPARDISED
While it can be appreciated that this amendment however is a step by the Indian Government to curb opportunistic takeovers/acquisitions of Indian companies, implementation of the same will have to be judiciously done, the notification has created a two faced dilemma.
Covid-19 Update: Lock-down 3.0
The validity of license granted under the Contract Labour (Regulation and Abolition) Act, 1970 and the Inter-State Migrant Workmen (Regulation of Employment and Conditions of Service) Act, 1979 have been extended upto 31st May 2020, for those licenses whose renewal falls in the months of March, April and May 2020.
Covid 19 Fallout: What To Expect From Your Force Majeure Clause – Recent Guidance from Courts
These cases, probably the first amongst a flurry that are yet to come, establish beyond doubt that force majeure is not a blanket concept to be applied uniformly to the situation arising out of Covid–19 and each case will have to be appreciated on its specific facts.
FUND RAISING UNDER COMPANIES ACT, 2013
The nature of instrument to be issued by a company depends to a large extent on the valuation of the company obtained through different mechanisms.
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