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Corporate Law News


Retirement of one partner in a partnership firm of two amounts to dissolution of the firm: Supreme Court of India

   01 June 2020 at 10:35

WHAT WAS THE CASE ABOUT? In the case of Guru Nanak Industries vs Amar Singh the supreme court bench of Justice NV Ramana, Sanjiv Khanna and Krishna Murari held that when there are only two partners in a partnership firm and one of them agrees to ret ..

Posted in Corporate Law |   238 Views


Reduction in statutory rate of contributions from 12% to 10% for salary months of May, June and July 2020

   20 May 2020 at 09:46

Lower rate of EPF subscription 10% with EPFO notified placing higher liquidity in the hands of employees and employers during COVID -19 pandemicGovernment Sector, their PSEs and establishment whose subscription is being borne by Union Government unde ..

Posted in Corporate Law |   161 Views


Key Highlights of RBI Liquidity Support to Mutual Funds due to COVID-19

   30 April 2020 at 10:24

RBI Announces Rs. 50,000 crore Special Liquidity Facility for RESERVE BANK OF INDIA, vide press release 2019-2020/2276 dated 27th April, 2020 has Announces Rs. 50,000 crore Special Liquidity Facility for Mutual Funds (SLF-MF) In view of the situation ..

Posted in Corporate Law |   69 Views


Relaxation in adherence to prescribed timelines issued by SEBI due to COVID 19

   30 April 2020 at 10:23

Major relaxation is given under:• Certificate Received from Registrar under Regulation 74(5) of the SEBI (D & P) Regulations, 2018• Reconciliation of Shares and Capital Audit : under Regulation 76 of the Securities and Exchange Board of ..

Posted in Corporate Law |   112 Views


Independent Directors are KMP to CG & can't remain in 'cosy club'

   29 April 2020 at 11:23

“INDEPENDENT DIRECTOR - KMP TO CORPORATE GOVERNANCE'- can't remain in 'cosy club': stated by Sh. Injeti SrinivasThe corporate affairs ministry, known as Corporate Governance Agency, is implementing the companies law, has taken v ..

Posted in Corporate Law |   72 Views


EPFO Settles 10.02 Lakh Claims Including 6.06 Lakh COVID-19 Claims

   23 April 2020 at 10:45

EPFO Settles 10.02 Lakh Claims Including 6.06 Lakh COVID-19 Claims Under PMGKY In 15 Working Days ..

Posted in Corporate Law |   99 Views


As Part of PMGKY Package EPFO Settles 3.31 Lakh COVID-19 Claims in 15 Days

   17 April 2020 at 10:31

As Part of PMGKY Package EPFO Settles 3.31 Lakh COVID-19 Claims in 15 DaysAbout Rs 950 Crore DisbursedThe provision notiļ¬ed on 28th March 2020, for a special withdrawal from the EPF Scheme to tide over the COVID-19 pandemic, as part of the Pradhan Ma ..

Posted in Corporate Law |   67 Views


Date of Filing (ECR) for Wage Month March, 2020 Extended Up to 15th March 20

   16 April 2020 at 10:26

Date of Filing Electronic Challan Cum Return (ECR) for Wage Month March, 2020 Extended Up to 15.05.2020 from 15.04.2020Move Incentivises About 6 Lakh Establishments for Salary Payments During Lockdown PeriodConsidering the unprecedented situation cre ..

Posted in Corporate Law |   54 Views


ESIC Further Extends Period for Filing ESI Contribution

   15 April 2020 at 10:58

ESIC Further Extends Period for Filing ESI Contribution3.49 Crore IPs and 12,11,174 Employers to be BenefittedPurchase of Medicines from Private Chemists Permitted during LockdownThe country is dealing with a very challenging situation due to COVID-1 ..

Posted in Corporate Law |   74 Views


EPFO puts in place Online Mechanism to credit EPF and EPS Accounts of Subscribers as per PM Gareeb Kalyan Yojna

   13 April 2020 at 10:12

Around 79 Lakh Subscribers and approximately 3.8 Lakh Establishments to Benefit Subsidy outgo estimated at Rs 4800 Crore for 3 monthsEmployees Provident Fund Organization (EPFO), a statutory body under Union Ministry of Labour and Employment, has ..

Posted in Corporate Law |   68 Views