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…
Directorate General of Foreign Trade – Relief Measures for Importer & Exporters for COVID-19 outbreak Act: Foreign Trade (Development & Regulation) Act, 1992 The present Foreign Trade Policy which came into force on 1st April 2015, is originally for 5 years and has validity only up to 31st March 2020. In view of the…
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…
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…
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…
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…
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…
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…
The term ‘wages’ has not been defined in The Contract Labour ( Regulation & Abolition ) Act. Sec 2(h) gives a direction to have the meaning assigned to it in clause (vi) of Sec 2 of the Payment of Wages Act. As per the said section:- “ ‘wages’ means all remuneration (whether by way of…
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…
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