To ease EPF compliance by employers, email mechanism to obtain e-sign introduced

In the present situation of lockdown, to control the spread of COVID-19 pandemic, the businesses can’t work ordinarily and are confronting issues in using their digital signatures or Aadhaar based e-sign on EPFO portal.

Numerous significant errands like KYC authentication, transfer claim attestation, and so on are being done online by the authorized people of bosses using their Digital Signatures (DSC) or Aadhar put together e-Signs with respect to EPFO portal. For utilizing DSC/e-Sign, one-time approval from Regional Offices is required. Because of lockdown, numerous businesses are confronting challenges to send one-time registration request to the Regional Offices.

To facilitate the compliance procedure, EPFO has chosen to acknowledge such demands through email too. Businesses can send the scanned copy of duly signed request letter to the concerned Regional Office through the mail. Official email addresses of the Regional Offices are accessible at http://www.epfindia.gov.in.

Further, such establishment, whose approved officials have affirmed digital signatures yet can’t find the dongle, can login to the employer portal and register their e-sign through the link for registration of effectively enrolled approved signatories. In the event that their name against the affirmed digital signature is the same as that in their Aadhar, the registration of e-sign won’t require any further approval. Other approved signatories can enroll their e-signs and send the request letter affirmed by the employers and look for approval of the concerned EPFO Offices.

Get all EPFO Updates in one place, Subscribe us to never miss an update from EPFO, Goal of AVACOM for compliance officers is to understand legal updates in India and how the company needs to file the compliances to avoid fines and penalties, it is achieving that goal, so it can be documented and as necessary, shown to regulators or other stakeholders who might be asking about the company’s compliance program.

Please visit our website http://www.avantis.co.in or Call us at 8893594595 for details or write to us at sales@avantis.co.in to schedule a demo.

UGC issues directives to educational institutions to promote digital economy

The Union Grant Commission (UGC) in privy with the administration’s aspiration to make India Digital economy has encouraged all colleges and schools to receive cashless exchange and spread mindfulness about the equivalent.

HRD Minister Prakash Javadekar, lately, gave a course to instructive organizations to receive and advance cashless exchanges and lead of business.

In a meeting led by the Union Minister, he encouraged the authorities and heads of sheets and boards to audit steps to advance cashless transaction.

Directives to promote digital economy:

The UGC, in a letter to educational institutes and universities across the country, advised a month-long campaign starting from December 12, 2016 to educate and train students the various procedures and methods of digital payment

“Participation in the campaign by the youth in the higher educational institutions is highly relevant because they would be the main beneficiaries of a digital economy – free of corruption, black money, completely transparent and just,” said the letter

“It is therefore essential that the heads of all institutions educate and train their students in the various modes of digital payments and encourage them to join as volunteers in large numbers for this campaign,” it added

“The NSS and NCC units in your institution may be asked to meet immediately and identify one nearby market or mandi to transform it into a digital market place, where all shops, establishments etc are enabled with digital payment system,” the letter said, as reported in The Indian Express

Get all UGC Updates in one place, Subscribe us to never miss an update from UGC, Goal of AVACOM for compliance officers is to understand legal updates in India and how the company needs to file the compliances to avoid fines and penalties, it is achieving that goal, so it can be documented and as necessary, shown to regulators or other stakeholders who might be asking about the company’s compliance program.

Please visit our website http://www.avantis.co.in or Call us at 8893594595 for details or write to us at sales@avantis.co.in to schedule a demo.

CBIC issues instructions to Customs regarding requirement of Veterinary Certificate for Import of milk and milk products into India

The Central Board of Indirect Taxes (CBIT) on May 20, 2020, issues instruction to the Customs regarding requirement of Veterinary Customs for Import of milk and milk products into India.

Whereas, Food Safety and Standard Authority of India (FSSAI) issued letter on May 15, 2020 requesting CBIC to issue necessary instructions to filed formations of Customs regarding requirement of veterinary certificate for import of dairy products including edible lactose.

To ensure compliance of imported dairy products to FSSR, it has been mandated that consignments of dairy products imported into India shall be accompanied with veterinary certificate. But, this requirement is not being insisted by customs for those consignments of edible lactose which are facilitated through green channel by RMS which created differential treatment of facilitated and non-facilitated consignments.

Therefore, CBIC instructs Customs to mandate veterinary certificate for import of milk and milk products into India.

Get all CBIT Updates in one place, Subscribe us to never miss any update from CBIT, Goal of AVACOM for compliance officers is to understand legal updates in India and how the company needs to file the compliances to avoid fines and penalties, it is achieving that goal, so it can be documented and as necessary, shown to regulators or other stakeholders who might be asking about the company’s compliance program.

Please visit our website http://www.avantis.co.in or Call us at 8893594595 for details or write to us at sales@avantis.co.in to schedule a demo.

MoLE amends Schedule II of the Notification regarding exemption to certain establishments from the first proviso of the section 6

EPFO Updates : The Ministry of Labour and Employment (MoLE) on May 18, 2020, amends the Schedule II of the Notification dated April 09, 2020 regarding exemption to certain establishments from the first proviso of the section 6 of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, which specifies the amount to be contributed by the employers and employees and matters which may be provided for in Scheme.

In SCHEDULE II, after clause (iv), the following clause shall be inserted, namely:
Clause (v): Any establishment, other than Central Public Sector Enterprises and State Public Sector Enterprises and other establishments owned by, or under the control of the Central Government or the State Government, as the case may be, in respect of wages payable by it for the months of May, June and July, 2020.

Provided that this clause will not be applicable to the establishments eligible for relief under the Pradhan Mantri Garib Kalyan Yojana.

Subscribe us to never miss any update from EPFO, Goal of AVACOM for compliance officers is to understand legal updates in India and how the company needs to file the compliances to avoid fines and penalties, it is achieving that goal, so it can be documented and as necessary, shown to regulators or other stakeholders who might be asking about the company’s compliance program.

Please visit our website http://www.avantis.co.in or Call us at 8893594595 for details or write to us at sales@avantis.co.in to schedule a demo.

UGC constitutes redressal cell for grievances related to COVID-19 pandemic

UGC has instituted a dedicated helpline to address grievances of students, teachers, and institutions which have arisen due to the COVID-19 pandemic. The University Grants Commission (UGC) can be contacted through a helpline number, and email. Students can also lodge their grievances on the existing Online Students Grievance Redressal Portal.

UGC has also constituted a Task Force to monitor concerns/grievances of students, teachers, and institutions and ‘redress them accordingly’.

Referring to the Examinations and Academic Calendar released by the University regulator on April 29, 2020, UGC has asked all universities to plan their academic activities ‘keeping in view the safety and interest of all stakeholders, giving highest priority to the health of all concerned, while adopting and implementing the Guidelines’.

UGC has also asked universities to establish a separate Cell to resolve grievances of the students related to exam and other academic activities. Students must also be notified about the same, UGC had released the revised academic calendar for the new academic session and suggested that the next session be pushed back to September.

The students may lodge their grievances on the existing online students grievance redressal portal of UGC, email id at covid19help.UGC@gmail.com and helpline no. 011-23236374. All the universities are requested to publish this notice on their official website and other digital media

Subscribe us to never miss an updates from UGC, Goal of AVACOM for compliance officers is to understand legal updates in India and how the company need to file the compliances to avoid fines and penalties, it is achieving that goal, so it can be documented and as necessary, shown to regulators or other stakeholders who might be asking about the company’s compliance program.

Please visit our website http://www.avantis.co.in or Call us at 8893594595 for details or write to us at sales@avantis.co.in to schedule a demo.

Benefits of Using A Litigation Management Software

1. Organizing data

Lawyers need a lot of information to process litigation. They need to know their dates, deadlines, case descriptions, details of the previous hearing and other notes. You obviously have everything with you, but do you have everything in one place?

With litigation management software, users can keep all of this important information in one place that is instantly accessible. From case information to details of every previous court appointment, case overview, prayers, etc. All this information is available at the push of a button.

2. Managing Dates

Every lawyer knows how important deadlines are in his work. No lawyer can try to remember every important date related to their case.

Litigation management software can help manage these important court appointments and set automated reminders in advance. Not only do you get reminders in emails, you can also sync Outlook and other calendars with it.

3. Better communication

You never want to miss new notices or rely on others to get the information you need. Litigation management software can help you close the gap between legal departments and other departments.

In addition, you can share important information, documents, notes, reports, etc. with other legal users to ensure minimal dependency and maximum use of time.

4. Retrieving documents

When it comes to organizing a case, lawyers usually have to gather all information from different sources. Notes and contracts may be in a folder on your computer, briefs and briefs in a file on your desk, and all email in your email system.

With process management software, users can keep all of these documents in one place that is instantly accessible. From communications to replies, complaints, briefs, orders, related judgments, other research material, important emails, etc. All of these files and documents can be neatly stored in the matter and accessed from anywhere to help lawyers.

5. Legal expenditure

With existing process management software, it is very easy to record and validate all expenses. You can create reports on budgets, expenses, contingency plans, aging, etc. and take the right next step for every matter. This not only helps you save hours and hours of time, but also reduces errors and guides you with finished reports and detailed analyses.

To know more about Litigation Management Software visit : https://www.avantis.co.in/product-services/litigation-management-software/.

The Renewable Energy Standardization Cell

The Ministry of New and Renewable Energy (MNRE) on February 18, 2020, has decided to set up the Renewable Energy Standardization Cell (RESC). The Standardization Cell are envisaged to act as a channel of communication facilitating the identification of new subjects and relevant experts for standardization in different sectors.

The objectives of the RESC are as follows:

Ø  To identify the areas in renewable energy where standards needs to be developed or updated or adopted.

Ø  Identify and peruse international standards such as ISO, IEC, etc. for applications in Indian climate conditions. In case modifications are required, the same should be done and tried in test labs for revision suitable for Indian climate conditions.

Ø  Initiate the process of developing standards involving experts from R&D institutions, test labs and industry.

The Standardization Cell will interact with relevant subject experts from R&D institutions, test labs, industries and BIS to seek inputs for developing or updating Indian Standards in the relevant subjects. The draft will be provided to Bureau of Indian Standards (BIS) for further action.

Source : https://www.avantis.co.in/legalupdates/

CBDT prescribes the procedure, classes of persons, forms and format for Permanent Account Number

The Central Board of Direct Taxes (CBDT) on February 07, 2020, prescribes the procedure, classes of persons, forms and format for Permanent Account Number (PAN).

1.Classes of persons to which Common Application Form (CAF) will apply: New Foreign Portfolio Investors (FPIs)

2.Application Form: Common Application Form (CAF) for FPIs.

3.Procedure: Application for allotment of PAN will be uploaded in CAF as specified by the Ministry of Finance, Department of Economic Affairs (SEBI). After due examination and generation of FPI Registration certificate, SEBI will forward data in form 49AA to prescribed Income Tax Authority through the signature of Authorised Signatories of its Designated Depository Participants (DDPs).

4.Format: Extensible Markup Language (Xml).

follow https://www.avantis.co.in/ for more legal updates.

Steps for creating a culture of compliance

For many companies, compliance is purely legal practice. Compliance management is the process of ensuring that your company and your employees comply with the required laws, regulations and standards. So there is a strong legal component, but it is also a practice. This is because compliance often depends on the collaboration between management and employees.

To ensure that your employees adhere to the guidelines and to take advantage of effective compliance management, it is important to incorporate the right values, ethics and beliefs into the corporate culture – in other words, you want to create them a culture of compliance.

While this doesn’t happen overnight, there are steps you can take to promote a culture that invests and appreciate compliance

  • Develop a strong and agile compliance program

First of all, you need to ensure that you have a set of internal policies and procedures in place to ensure compliance and address any violations known as a compliance program. An effective compliance program is a fundamental tool for creating a culture of compliance.

  • Set the tone of the tour

The culture spreads from top to bottom. Therefore, your company’s board of directors, directors, and senior management must set the tone and act accordingly to demonstrate the company’s values ​​in terms of regulatory compliance. Leadership should be directly involved in and monitoring an organization’s compliance program to ensure that it is effectively fulfilling its legal and regulatory obligations.

  • Communicate the value of compliance

Employees are much more likely to commit to a culture of compliance if they understand that compliance can give your company a competitive advantage by, for example, enhancing brand reputation with stakeholders and avoiding financial losses due to compliance violations. If you choose this approach instead of presenting compliance as a necessary evil, your employees want to take compliance measures to support your company’s success.

  • Make compliance informative and cooperative

All parts of your company should be involved in your compliance efforts. Everyone should not only know the compliance requirements for their positions, but should also receive regular training and education and be encouraged to share their contributions and discuss problems as soon as they are identified. Regular training courses enable management and employees to understand the specific risks of your company in the event of violations and to be kept up to date with changes in regulations.

  • Use effective forms of auditing and reporting

Regardless of how clear your policies and procedures are or how consistent your training is, creating a compliance culture includes testing and reporting whether your compliance program is working or not. Identify and review the goals of your guidelines and use empirical data generated from your program to assess how well it is achieving those goals.

By developing better measures of effectiveness, your company can better understand whether its compliance program is on the right track or not and what changes need to be made.

In order to change the corporate culture so that it is geared towards compliance, consistent efforts and resources are required over time. However, this obligation is essential to ensure the security and success of your business.

If you’re looking for a tool to manage compliance across your organization, AVACOM is a single, integrated software system that enables you to achieve a proactive and effective compliance system.

Steps for creating a culture of compliance

For many companies, compliance is purely legal practice. Compliance management is the process of ensuring that your company and your employees comply with the required laws, regulations and standards. So there is a strong legal component, but it is also a practice. This is because compliance often depends on the collaboration between management and employees.

To ensure that your employees adhere to the guidelines and to take advantage of effective compliance management, it is important to incorporate the right values, ethics and beliefs into the corporate culture – in other words, you want to create them a culture of compliance.

While this doesn’t happen overnight, there are steps you can take to promote a culture that invests and appreciate compliance

  • Develop a strong and agile compliance program

First of all, you need to ensure that you have a set of internal policies and procedures in place to ensure compliance and address any violations known as a compliance program. An effective compliance program is a fundamental tool for creating a culture of compliance.

  • Set the tone of the tour

The culture spreads from top to bottom. Therefore, your company’s board of directors, directors, and senior management must set the tone and act accordingly to demonstrate the company’s values ​​in terms of regulatory compliance. Leadership should be directly involved in and monitoring an organization’s compliance program to ensure that it is effectively fulfilling its legal and regulatory obligations.

  • Communicate the value of compliance

Employees are much more likely to commit to a culture of compliance if they understand that compliance can give your company a competitive advantage by, for example, enhancing brand reputation with stakeholders and avoiding financial losses due to compliance violations. If you choose this approach instead of presenting compliance as a necessary evil, your employees want to take compliance measures to support your company’s success.

  • Make compliance informative and cooperative

All parts of your company should be involved in your compliance efforts. Everyone should not only know the compliance requirements for their positions, but should also receive regular training and education and be encouraged to share their contributions and discuss problems as soon as they are identified. Regular training courses enable management and employees to understand the specific risks of your company in the event of violations and to be kept up to date with changes in regulations.

  • Use effective forms of auditing and reporting

Regardless of how clear your policies and procedures are or how consistent your training is, creating a compliance culture includes testing and reporting whether your compliance program is working or not. Identify and review the goals of your guidelines and use empirical data generated from your program to assess how well it is achieving those goals.

By developing better measures of effectiveness, your company can better understand whether its compliance program is on the right track or not and what changes need to be made.

In order to change the corporate culture so that it is geared towards compliance, consistent efforts and resources are required over time. However, this obligation is essential to ensure the security and success of your business.

If you’re looking for a tool to manage compliance across your organization, AVACOM is a single, integrated software system that enables you to achieve a proactive and effective compliance system.

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