Why can’t PF interest be waived off in the absence of Mens Rea? – Lets Talk Compliance

As per the provisions of Employees’ Provident Fund and Miscellaneous Provisions Act, in case of delay in remittance of monthly contributions, the employer is liable to pay interest. In addition, the authority can levy damages also for such a delay. However, considering the difficulties faced by the establishments in the timely deposit of contributions during […]

What reduced EPF Contribution means to Employee & Employer – Lets Talk Compliance

Understanding on EPF reduced Contribution 10% Ministry of Labour & Employment vide its notification No. S.O. 1513(E) Dt. 18th May’2020 Section 6 of EPF (MP) Act, 1952 reads as under; Contributions and matters which may be provided for in Schemes. – The contribution which shall be paid by the employer to the Fund shall be […]

Lets Talk Compliance – Alert to PAN Card Holders! Link PAN with Aadhaar on or before June 30, 2020

The Central Board of Direct Taxes (CBDT) has stated that a Permanent Account Number (PAN) will become inoperative if not linked with Aadhaar by 30th June’2020 (extended from 31.03.2020 due to COVID-19 Lockdown). These stringent measures are taken in order to weed out fake PAN cards and accounts from the system and to track financial transactions. […]

Lets Talk Compliance – LLP Settlement Scheme, 2020 – a posse ad esse!!

As per legal maxim, A POSSE AD ESSE means from possibility to reality, based on various representations Ministry of Corporate Affairs launched “LLP Settlement Scheme, 2020” as modified w.e.f 01st April’2020 to provide Onetime relaxation to the defaulting LLPs for filing pending statutory forms in order to bring the non-compliant into legal fold. The scheme […]

Let’s Talk Compliance – Advance Ruling – In Personam Relief

The Government of India after considering the complexity of tax systems introduced De jure forum to pronounce the Advance Ruling as In Personam Relief (i.e., Relief to specific person). Advance Ruling refers to the written response or decision by “Authority for Advance Ruling” (AAR) and “Appellate authority for Advance Ruling” (AAAR). It is a legal […]

Lets Talk Compliance – The Personal Data Protection Bill | An Overview

In the recent times, India has achieved a resounding success in revalidating the constitutional framework on the “Right to privacy” and the whole credit goes to Justice K.S. Puttasamy case, wherein, the Supreme Court, unequivocally declared that ”The right to privacy is a fundamental inalienable right under The Constitution of India and it is protected […]

FAQs on COVID-19 Special Relaxation Measures for SEZ Units

In the present scenario of complete lockdown in the country to curb the spread of COVID-19, SEZs units engaged in manufacturing of essential items like drugs, pharmaceuticals or hospital equipment are operational to ensure these critical supplies are not disrupted. In order to support the hardship encountered, the Department of Commerce has therefore decided to […]

Lets Talk Compliance – Ease of Doing Business in Food Industry During COVID-19 Lockdown

Food is an essential commodity as per The Essential commodities Act 1955. Everyone has to stay home to stay safe but not to starve without basic essential like food. At this time of crisis, the government has rescued the food business with the announcement of a few exemptions and relaxations to ease the operation of […]

COVID-19 Relief Measures by IRDAI for Insurance Companies

Due to the outbreak of COVID‐19 pandemic and the nation‐wide lock‐down, most of the government offices are closed and a few involved in emergency & essential services, are functioning with skeletal staff. This results in some disruption in the operations of insurance companies too and other entities connected with insurance industries. IRDAI has announced various […]

COVID-19 Relief Measures announced by Ministry Of Corporate affairs

The Ministry of Corporate Affairs (MCA) is fully cognizant of the difficulties faced by the companies on account of ongoing nation-wide lockdown and social distancing requirement due to COVID 19. In furtherance of the Government’s objective of facilitating corporate compliances during the current lockdown period in taking certain emergent/ urgent measures. Ministry of Corporate Affairs […]

FAQ on COVID19 – Taxation Measures

The Government has brought in an Ordinance on 31st March’2020 to give binding effect to the announcements made by the Union Finance Minister vide Press Release dated 24th March’2020, on several relief measures relating to statutory and regulatory compliance matters across sectors in view of COVID-19 outbreak. It is pertinent to note that the outbreak of Novel […]

Lets Talk Compliance – C0VID-19 & CSR Compliance

What is CSR? A business organisation, in addition to generating profit, has social obligations too.   Besides addressing the expectations of shareholders and the stake-holders, it has the responsibility to give back to the society in which it operates. Corporate Social Responsibility is the way through which a company achieves a balance of Economic, Environmental and […]

How Labour Reforms contribute to Ease of Doing Business

Introduction: Discussions and debates on the amendments to the Indian Legal system and sudden imposition of the Digitalisation in the life of normal people, clearly elucidate the intention of our Government to develop our Economy on par with other economies. The World Bank’s Ease of Doing Business is a stepping stone for us to realize […]

Perpetual License and other proposed amendments under Food Safety and Standards Act, 2006

FSSAI (Food Safety and Standards Authority of India) has proposed to do away with complex year-on-year license renewal process by introducing perpetual (permanent) licenses and registrations under the Food Safety and Standards Act, 2006. This move will furthermore enhance the ease of doing business for the food businesses in India. The FSSAI has proposed to […]

A Comprehensive list of licenses For Hotel and Restaurant business

Hospitality is the most booming service industry, with a high disposable income, quality of service and customer satisfaction are needs for its growth. The Hospitality Industry encompasses a broad category of service segments within itself like Food & Beverages, Travel & Tourism, Lodging and Recreation, Event Planning and many  more services The Hotel and Restaurant […]

Lets Talk Compliance – Maternity Benefit Act – Tracing the History

Introduction of BillThe Bombay maternity Benefit Bill was first introduced in 1929 in the Bombay legislative council. It was the first law established for working women in India. The legislation for working women has always remained a double-edged sword.  The bill was first introduced in Bombay as it was a textile hub for India with […]

NEEM Scheme – AICTE revisits for enhanced process

In addition to Apprentice training under Apprentices Act -1961 and trainees engaged as per Standing order provisions, a new initiative was notified by AICTE (All India Council of Technical Education) on 15/4/2013 in the name of NEEM  (National Employability Enhancement Mission) with an objective to offer “on the job practical training” to enhance employability of […]

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