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 […]

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 […]

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 […]

Let’s Talk Compliance – OSHWC Anamoly

Is it what is intended or an error to be rectified? Following the Code on Wages, 2019, it looks like The Occupational Safety, Health, and Working Conditions Code, 2019 is the next one to be released.  A bill to that effect has already been introduced in the Lok Sabha on 23rd July 2019.  The code […]

Let’s Talk Compliance – Is it the intention of CoW to make Principal Employers liable for bonus to contract workers ?

Every employee who has worked in the establishment for not less than 30 days in an accounting year shall be paid bonus by his / her employer as per Sec 8 of, The Payment of Bonus Act.  The term ‘employee’ as defined in Sec 2(13) does not include contract workers.  Hence the position is clear […]

Let’s Talk Compliance – Wages Under Code on Wages

The incoming 2(y) vis-à-vis the outgoing 2(h) Finally, the new Code on Wages, 2019 which aims to amend and consolidate the existing four legislations, viz., The Equal Remuneration Act, The Minimum Wages Act, The Payment of Bonus Act and The Payment of Wages Act has been published on 8th August 2019.  The definitions for the […]

Let’s Talk Compliance – Proposed Labour Code on OSHWC, 2019

Currently, there are 13 central legislations in India which regulate the Occupational Safety, Health and Working Conditions of the persons employed. These are either based on the type of establishment (ex. Factory, Mines, etc.) or on the class of workers (ex. Contract labour, Interstate migrant workers, etc.). The Code on Occupational Safety, Health and Working […]

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