Latest Legal Updates

Alternate Text

Aug 19, 2019

The Ministry of Corporate Affairs (MCA) on August 16, 2019, has published the Companies (Share Capital and Debentures) Amendment Rules, 2019 to further amend the Companies (Share Capital and Debentures) Rules, 2014. These Rules will come into force on the date of its publication in the Official Gazette that is August 16, 2019. The amendments made in the Companies (Share Capital and Debentures) Rules, 2014 are:  No company limited by shares shall issue equity shares with differential rights as to dividend, voting or otherwise, unless the voting power in respect of shares with differential rights of the company shall not exceed 74 % of total voting power including voting power in respect of equity shares with differential rights issued at any point of time. [Rule 4(1)(c)]  The company shall comply with the requirements with regard to Debenture Redemption Reserve (DRR) and investment or deposit of sum in respect of debentures maturing during the year ending on the 31st day of March of next year. [Rule 18(7)] [Notification No. G.S.R. 574(E)]

Read More

Aug 19, 2019

The Ministry of Corporate Affairs has issued a Notification to notify the Insolvency and Bankruptcy Code (Amendment) Act, 2019.  The Ministry of Law and Justice on August 05, 2019, published the Insolvency and Bankruptcy Code (Amendment) Act, 2019 to further amend the Insolvency and Bankruptcy Code, 2016. The Central Government hereby appoints August 16, 2019 on which the provisions of the said Act shall come into force.  

Read More

DGFT notifies the TRQ quota for import of 30,000 MT of crude soya oil from Paraguay

Aug 20, 2019

The Directorate of Foreign Trade (DGFT) on August 19, 2019, has notified Tariff Rate Quota (TRQ) quota for import of 30,000 MT of crude soya oil from Paraguay under India – Mercosur Trade Agreement. Therefore, DGFT incorporates the following in Para 2.107 (TRQ under Free Trade Agreement (FTA)/ Comprehensive Economic Corporation Agreement (CE

Read More

Government of Kerala issues the CPI for Agricultural Labourers and Industrial workers for the month of June 2019

Aug 20, 2019

The State Government of Kerala on August 13, 2019, has published the Consumer Price Index (CPI) for Agricultural Labourers and Industrial workers for the month of June 2019. Centres for CPI for the month of June are as under: Ø  Thiruvananthapuram Ø  Kollam Ø  Punalur Ø  Pathanamthitta Ø&

Read More

Liquidity Infusion Facility Scheme

Aug 20, 2019

The National Housing Bank (NHB) on August 02, 2019, has launched a new Scheme called Liquidity Infusion Facility (LIFt) Scheme to support Housing Finance Companies (HFCs) in creating individual housing loan portfolio that falls under the priority sector, as defined by Reserve Bank of India (RBI). The liquidity infusion by NHB may create confidence

Read More

Meghalaya Electricity Duty (Amendment and Validation) Ordinance, 2019

Aug 20, 2019

The State Government of Meghalaya on August 09, 2019, has published the Meghalaya Electricity Duty (Amendment and Validation) Ordinance, 2019, to amend and clarify the Meghalaya Electricity Duty Act and to validate certain actions. In Meghalaya Electricity Duty Act, the exciting Section 3(1)(c), shall be deemed to have been substituted with effect

Read More

Draft Bye-laws for Plastic Waste Management, 2019

Aug 20, 2019

The Government of Puducherry on August 01, 2019 has published the Draft Bye-laws for Plastic Waste Management, 2019. These Bye-laws shall apply to all the areas situated within the territorial limit of Nedungadu Commune Panchayat. Further, it will apply to every plastic waste generator, manufacturer, importers and producers, shopkeepers and street

Read More

Meghalaya Building and Other Construction Workers’ Welfare Board Ordinance, 2019

Aug 20, 2019

The State Government of Meghalaya on August 09, 2019, has published the Meghalaya Building and Other Construction Workers’ Welfare Board Ordinance, 2019, to provide for the constitution of Welfare Board to promote welfare of labour in the State of Meghalaya and for other matters connected therewith or incidental thereto. It has come into for

Read More

SEBI specifies that fines to be imposed in case of non-compliance of provisions of SEBI (ICDR) Regulations, 2018

Aug 20, 2019

The Securities and Exchange Board of India (SEBI) on August 19, 2019, has issued a Circular specifying that the fines to be imposed by the Stock Exchanges for non-compliance with certain provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 (ICDR Regulations). The Regulation 297 and 298 of SEBI (ICDR) Regulations, 2018

Read More

Government of Karnataka revises minimum rates of wages and VDA for the employment in Chemical Fertilizers, Pesticides and Pesticides Manufacturing Works

Aug 20, 2019

The State Government of Karnataka has revised the minimum rates of wages and Variable Dearness Allowance (VDA) for the employees employed in Chemical Fertilizers, Pesticides and Pesticides Manufacturing Works from April 01, 2019 to March 31, 2020. The Categories of Employment for minimum rates of wages per month are as under: Ø  Highl

Read More

UGC issues letter for reservation for economically weaker sections in higher educational institutions

Aug 20, 2019

The University Grants Commission (UGC) had issued a letter for reservation of economically weaker sections (EWSs) in higher educational institutions funded or aided, directly or indirectly by the State Government. UGC had previously issued Office Memorandum No. 12-4/2019-U1 dated January 17, 2019 regarding implementation of 10% reservation for EWSs

Read More

FSSAI mandates food safety audit of food businesses holding central license and falling under high risk category

Aug 20, 2019

The Food Safety and Standards Authority of India (FSSAI) on August 13, 2019, has passed an Order directing all the food businesses holding central license and falling under the high risk category to mandatory food safety auditing under the Food Safety and Standards (Food Safety Auditing) Regulations, 2018.  The followings are the six categori

Read More

Government of Karnataka revises minimum rates of wages and VDA for the employment in Clubs

Aug 20, 2019

The State Government of Karnataka has revised the minimum rates of wages and Variable Dearness Allowance (VDA) for the employees employed in Clubs from April 01, 2019 to March 31, 2020. The Categories of Employment for minimum rates of wages per month are as under: Ø  Highly Skilled: Supervisor; Accountant; Steward; Head cool/ Swimmin

Read More

Government of Karnataka revises minimum rates of wages and VDA for the employment in Cinchona Rubber, Tea and / or Coffee Plantations

Aug 20, 2019

The State Government of Karnataka has revised the minimum rates of wages and Variable Dearness Allowance (VDA) for the employees employed in Cinchona Rubber, Tea and / or Coffee Plantations (Except Office Staff) from April 01, 2019 to March 31, 2020. The Categories of Employment for minimum rates of wages per month are as under: Sl. No.

Read More

Latest News

Penalty for non-compliance of market norms to get stricter - Livemint

Aug 20, 2019

  The amount of fine realised will be credited to the "Investor Protection Fund" of the stock exchange concerned.A circular issued now prescribes for a penalty of ...

Read More

Nicotine is now a class A poison in Karnataka - The Hindu

Aug 20, 2019

  Karnataka Government steps in to curb illegal sale, smuggling of nicotine cartridges, e-cigarettes.

Read More

Sebi likely to ease share buyback norms for NBFC - Livemint

Aug 20, 2019

  The proposal is expected to be presented at the regulator's board meet on Wednesday.Currently, the share buy-back procedure is regulated under the Sebi ...

Read More

‘Union government amending labour laws to benefit corporates’ - The Hindu

Aug 19, 2019

  Accusing the BJP-led Central government of amending labour laws to benefit the corporates, CITU State president Ch. Narasinga Rao on Monday demanded ...

Read More

Wealthy investors throw a capital lifeline to NBFCs - Economic Times

Aug 19, 2019

  Since September, NBFCs have raised Rs 12408 crore worth of MLDs.

Read More

Debenture redemption reserve norm goes for listed cos, NBFCs - BusinessLine

Aug 19, 2019

  Our Bureau The Centre has removed Debenture Redemption Reserve (DRR) requirement for listed companies, NBFCs and housing finance companies (HFCs).

Read More

Government's budget gap goal threatened by tax evasion as demand wanes - Livemint

Aug 19, 2019

  The number of GST returns filed have declined, according to a report by CAG India.As per the provisional numbers, the government's total tax revenue in the last ...

Read More

Ministry keeps new CSR amendments on hold - BusinessLine

Aug 18, 2019

  All other provisions other than CSR in recently enacted law put into effect.

Read More

Alternate Text

Get updates on the go on RuleZbook Mobile App.