Attention to IEC Holders, New Mandatory Compliances

What is an IEC or e-IEC? The Importer Exporter Code (IEC) or Electronic Importer Exporter Code (e-IEC) is a key business identification number issued by the Director General of Foreign Trade (”Facilitator” of Exports/Imports), which is mandatory for undertaking any export/import activities from/to India. Existing Procedure for Updation : Prior to this notification, IEC Holder […]

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 […]

How important is to comply with Environment Health and Safety regulations

How important is to comply with Environment Health and Safety regulations Economic progress, growth of Industry are parallel for nation’s development. Enhancement of advanced technologies and implementation in the industrial expansion obligates the government to be accountable to enact regulations on Environment Health and safety to fix industrial pollution standards, with objective to protect air, […]

The Code On Wages, 2019 – Highlights

THE CODE ON WAGES, 2019 HIGHLIGHTS OF THE CHANGES MADE MINIMUM WAGES     HRA – No more part of minimum wages     Geographical Areas classified as metropolitan, non metropolitan and rural areas (Rule 4)     The employees employed in supervisory or Managerial position are also eligible for Minimum Wages      Statutory […]

Highlights – The Industrial Relations Code, 2020

THE INDUSTRIAL RELATIONS CODE, 2020 HIGHLIGHTS OF THE CHANGES MADE   INDUSTRIAL  DISPUTES 1    The definition  of the  term  “industry    is modified  in line with  the Apex court  verdict  in Bangalore  Water  Supply and  Sewage Board Case. 2    Domestic services and the Institutions engaged in charitable social or philanthropic service are excluded from the term […]

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 – 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 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 […]

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 […]

The most important element to scale your startups

A proper germinated and conceptualized Startup can over a period of time survive, succeed and thrive once it starts calling up according to its strategic initiatives. After the initial commencement of business, and market growth and success, Startups look to scale through other different options available in the market to spread its reach. New customer […]

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