Are you looking to start a new business? Then this is for you. Everything you need to know about TRADE LICENSE A trade license is a document/certificate that permits the applicant (person seeking to open a business) to commence a particular trade or business in a particular area/location. However, the license does not allow the […]
Appointment, Qualification, and Registration Requirement for an Independent Director
The details about qualification, appointment, and modus operandi of an Independent Director are not prescribed in the erstwhile Companies Act, 1956. Whereas the Ministry of Corporate Affairs has incorporated provisions regarding the same in the Companies Act, 2013 read with the Companies (Appointment and Qualification of Directors) Rule, 2014. The subsequent amendment made in the […]
Exclusion portion of salary cannot go beyond 50% – Let’s Talk Compliance
One significant change that is done under the proposed labour codes is on the definition of the term ‘wages’. Currently, various legislations follow various definitions. But the term is supposed to have a uniform definition under the codes, ideally making the determination of wages easy for employers. The quantum would be the same for various purposes, say, […]
Minimum Wages Applies to All Industries – Code on Wages – Lets Talk Compliance
“The Code on Wages, when getting implemented, is likely to bring in some significant changes in regards to minimum wages. Currently, the Minimum Wages Act will apply only to those industries which are listed in the Schedule attached to the Act. There is no obligation too on the employers to pay the National Floor Level […]