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Companies (Corporate Social Responsibility Policy) Amendment Rules, 2020

The Ministry of Corporate Affairs (MCA) on August 24, 2020 has issued the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2020 to further amend the Companies (Corporate Social Responsibility Policy) Rules, 2014. The following amendment have been made in the Companies (Corporate Social Responsibility Policy) Rules, 2014: • A new Rule 2 (1) (e) hasContinue reading “Companies (Corporate Social Responsibility Policy) Amendment Rules, 2020”

RBI issues guidelines for Ad-hoc, Short Review, Renewal of Credit Facilities

The Reserve Bank of India (RBI) on August 21, 2020 has issued a circular on Ad-hoc, Short Review, Renewal of Credit Facilities. It has been seen that the credit facilities were not renewed timely. Further, the banks are now expected to have a detailed Board Policy formulating a methodology for periodic renewal of the creditContinue reading “RBI issues guidelines for Ad-hoc, Short Review, Renewal of Credit Facilities”

Pension Fund Regulatory and Development Authority (National Pension System Trust) (Second Amendment) Regulations, 2020

The Pension Fund Regulatory and Development Authority (PFRDA) on July 29, 2020, has issued the Pension Fund Regulatory and Development Authority (National Pension System Trust) (Second Amendment) Regulations, 2020 to further amend the Pension Fund Regulatory and Development Authority (National Pension System Trust) Regulations, 2015. The amendments are made in Regulation 5(4) related to “EligibilityContinue reading “Pension Fund Regulatory and Development Authority (National Pension System Trust) (Second Amendment) Regulations, 2020”

The Chandigarh Estate (Amendment) Rules, 2020

The Chandigarh Estate Branch on July 8, 2020 has issued the Chandigarh Estate (Amendment) rules, 2020 to further amend Chandigarh Estate Rules, 2007. Following amendments have been made to Chandigarh Estate Rules, 2007: • Rule 7(i) related to “Transfer of site or building by the allottee/lessee” has been substituted, namely:- Allotment cases: No site /buildingContinue reading “The Chandigarh Estate (Amendment) Rules, 2020”

Webinar and Panel Discussion on “Compliance burden in India and how to manage it effectively”

Keywords – Compliance, compliance management, compliance automation, compliance burden, Avacom, webinar, panel discussions, compliance webinar Webinar and Panel Discussion on “Compliance burden in India and how to manage it effectively”. We invite you to become a part of an exclusive series of panel discussions on the Compliance burden in India. Click here to register : https://www.avantis.co.in/webinar/Continue reading “Webinar and Panel Discussion on “Compliance burden in India and how to manage it effectively””

Puducherry Labour Department revises the rates of VDA for employees employed in general engineering and fabrication

The Puducherry Labour Department on July 23, 2020 revises the rates of Dearness Allowance (DA) for the employees employed in general engineering and fabrication with effect from January 01, 2020. The revised rate of Dearness Allowance for the employees of general engineering and fabrication would be Rs. 421/- per month (cumulative). [Order No.851/LAB/AIL/G/2014/704] Get Labour law compliance software Continue reading “Puducherry Labour Department revises the rates of VDA for employees employed in general engineering and fabrication”

Tripura Labour Department revises minimum rates of wages for Rubber plantation

The Tripura Labour Department on July 07, 2020, revises minimum rates of wages and Variable Dearness Allowances (VDA) for different categories of workers engaged in the employment of “Rubber Plantation” which will be effective from April 01, 2020. Category of workers are as under: 1. Tappers / Processing workers (for adult male and female): Rs. 319.00 onlyContinue reading “Tripura Labour Department revises minimum rates of wages for Rubber plantation”

Manufacture and Other Operations in Warehouse Amendment Regulations, 2020

The Central Board of Indirect Taxes and Customs (CBIC) on August 17, 2020 has issued Manufacture and Other Operations in Warehouse (no. 2) Amendment Regulations, 2020 to further amend Manufacture and Other Operations in Warehouse (no. 2) Regulations, 2019. The following amendments have been made to the Manufacture and Other Operations in Warehouse (no. 2)Continue reading “Manufacture and Other Operations in Warehouse Amendment Regulations, 2020”

CBIC extends the anti-dumping duty on Caustic Soda originating or importing from China for three months

The Central Board of Indirect Taxes and Customs (CBIC) on August 17, 2020 has amended the Notification No. 42/2015-Customs (ADD) dated August 18, 2015 which relates to the anti-dumping duties levied on Caustic Soda originating or exported from China and Korea. The following amendments have been made to the notification: • A new Proviso 3 has beenContinue reading “CBIC extends the anti-dumping duty on Caustic Soda originating or importing from China for three months”

Special Warehouse (Custody and Handling of Goods) Amendment Regulations, 2020

The Central Board of Indirect Taxes and Customs (CBIC) on August 17, 2020 has issued the Special Warehouse (Custody and Handling of Goods) Amendment Regulations, 2020 to further amend Special Warehouse (Custody and Handling of Goods) Regulations, 2016. The following amendments are made under the Special Warehouse (Custody and Handling of Goods) Regulations, 2016: •Continue reading “Special Warehouse (Custody and Handling of Goods) Amendment Regulations, 2020”