Bonus ceiling The ceiling of calculating Bonus for factory workers and establishment with 20 or more workers under section 12 of the Payment of Bonus Act has been increased from Rs.3500/- per month to Rs.7000/- per month or the minimum wage for the scheduled employment, as fixed by the appropriate Government, whichever is higher with… Read More »
Section – 3, COMPETITION ACT 2002 (Enforced with effect from 20-5-2009) CHAPTER II PROHIBITION OF CERTAIN AGREEMENTS, ABUSE OF DOMINANT POSITION AND REGULATION OF COMBINATIONS Prohibition of agreements Anti-competitive agreements. 3. (1) No enterprise or association of enterprises or person or association of persons shall enter into any agreement in respect of production, supply, distribution,… Read More »
SEBI (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS 2009 CHAPTER III : PART IV PART IV – RESTRICTION ON TRANSFERABILITY (LOCK-IN) OF PROMOTERS’ CONTRIBUTION, ETC. Date of commencement of lock in and inscription of non-transferability. 35. (1) Save as otherwise provided in this Chapter, specified securities held by promoters and persons other than promoters shall… Read More »
SEBI (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS 2009 CHAPTER III : PART III PROMOTERS’ CONTRIBUTION Minimum promoters’ contribution. 32. (1) The promoters of the issuer shall contribute in the public issue as follows: (a) in case of an initial public offer, not less than twenty per cent. of the post issue capital; (b) in… Read More »
Section – 23JA, Securities Contracts (Regulation) Act, 1956 ( Inserted by the Securities Laws (Amendment) Act, 2014, w.r.e.f. 20-4-2007) 23JA. (1) Notwithstanding anything contained in any other law for the time being in force, any person, against whom any proceedings have been initiated or may be initiated under section 12A or section 23-I, may file… Read More »
RBI/FED/2015-16/12 FED Master Direction No. 17/2015-16 January 1, 2016 (Updated as on March 31, 2016) (Updated as on February 4, 2016) To All Authorised Dealer Category – I banks and Authorised Banks Madam / Dear Sir, Master Direction – Import of Goods and Services Import of Goods and Services into India is being allowed in… Read More »
LIBERALISATION OF SOFTWARE EXPORT – FILING OF BULK SOFTEX A.P. (DIR SERIES 2015-16) CIRCULAR NO.27, DATED 5-11-2015 Attention of Authorised Dealers is invited to A.P. (DIR Series) Circular No. 80 dated February 15, 2012, A.P. (DIR Series) Circular No. 66 dated January 01, 2013 and A.P. (DIR Series) Circular No. 43 dated September 13, 2013,… Read More »
Section – 29, INDIAN STAMP ACT, 1899 Duties by whom payable 29 . In the absence of an agreement to the contrary, the expense of providing the proper stamp shall be borne— (a) in the case of any instrument described in any of the following Articles of Schedule I, namely :— No. 2 (Administration Bonds),… Read More »
Press Information Bureau Government of India Ministry of Finance Date: 06-May-2016 RBI Norms for Protecting Customers Reserve Bank of India (RBI) has released a Charter of Customer Rights, which enshrines broad, overarching principles for protection of bank customers and enunciates the ‘five’ basic rights for bank customers, that I s, (i) Right to Fair Treatment,… Read More »
SUPREME COURT OF INDIA Commissioner of Trade Tax, U.P. v. Chetna Chemicals (P.) Ltd. A.K. SIKRI AND ROHINTON FALI NARIMAN, JJ. CIVIL APPEAL NO. 5103 OF 2007 APRIL 1, 2016 D.K. Goswami, Adv., Ravi Prakash, Adv. and Ashutosh Sharma, Adv. for the Appellant. Kavin Gulati, Sr. Adv., Avi Tandon, Adv., Rohit Sthalekar, Adv. and T.… Read More »