Living with the times

A lawyer who is not up to date with the current legal and regulatory updates is nothing short of dangerous. Therefore, at NovoJuris Legal, we strive to stay current. We are also strong believers of growth of knowledge through sharing. These articles and blogs help us share our research with the world, so that no one has to reinvent the wheel yet again.

  • Clarification issued by PIB: Ministry of Finance statement on misinterpretation of LTC stimulus and its benefits

    Clarification issued by PIB: Ministry of Finance statement on misinterpretation of LTC stimulus and its benefits

    This notification has been released by Press Information Bureau (PIB) on behalf of Ministry of Finance on 13 October, 2020. This press release is based on a report published by Economic Times Market related to the LTC voucher scheme for

  • CERT-In is appointed the Examiner of Electronic evidence for Computer Media and Mobile Device Forensics

    CERT-In is appointed the Examiner of Electronic evidence for Computer Media and Mobile Device Forensics

    In exercise of the powers conferred by section 79A of the information Technology Act, 2000 (21 of 2000) the Central Government hereby notifies Cyber Forensic Laboratory, Indian Computer Emergency Response Team (CERT-In), Electronics Niketan, 6 CGO Complex, Lodhi Road, New

  • Integration of Profession Tax (PT) in Karnataka with SPICE+ form

    Integration of Profession Tax (PT) in Karnataka with SPICE+ form

    The Ministry of Corporate Affairs (MCA) has integrated with Profession Tax (PT) in Karnataka as part of Government of India’s Ease of Doing Business (EODB) initiatives. The SPICe+ applications approved for the State of Karnataka shall mandatorily provide Profession Tax

  • Standardisation of procedure to be followed by Debenture Trustee(s) in case of ‘Default’ by Issuers of listed debt securities

    Standardisation of procedure to be followed by Debenture Trustee(s) in case of ‘Default’ by Issuers of listed debt securities

    The Securities and Exchange Board of India (SEBI) on October 08, 2020 has issued the Securities and Exchange Board of India (Debenture Trustees) (Amendment) Regulations, 2020 to further amend the Securities and Exchange Board of India (Debenture Trustees) Regulations, 1993.

  • Securities and Exchange Board of India (Issue and Listing of Debt Securities) (Amendment)               Regulations, 2020

    Securities and Exchange Board of India (Issue and Listing of Debt Securities) (Amendment) Regulations, 2020

    Securities and Exchange Board of India (SEBI) on October 08, 2020 has issued the Securities and Exchange Board of India (Issue and Listing of Debt Securities) (Amendment) Regulations, 2020. These regulations have brought in few key amendments in the Securities

  • Extension of date for Mandatory Safety Audit of Food Businesses under FSS (Food Safety Auditing) Regulations, 2018

    Extension of date for Mandatory Safety Audit of Food Businesses under FSS (Food Safety Auditing) Regulations, 2018

    The last day for mandatory auditing of food businesses holding central license, and falling under high-risk category has been extended up to 31 December 2020. This decision is taken in the light of the current situation because of the COVID-19

  • Directions Regarding Display of “Date of Manufacturing” and “Best Before Date” in case of Sweets

    Directions Regarding Display of “Date of Manufacturing” and “Best Before Date” in case of Sweets

    In suppression of the previous order dated 24.02.2020 issued on the subject, in public interest and to ensure food safety, the Food Safety and Standards Authority of India has decided that in case of non-packaged/ loose sweets, the container/tray containing

  • Positive Pay System for Cheque Truncation System

    Positive Pay System for Cheque Truncation System

    Under the positive pay system, the issuer of the cheque is going to be required to submit electronically, through SMS, mobile app, internet banking or ATM certain minimum details of that cheque like date, name of the beneficiary, payee, amount

  • Circulars for extension of various schemes issued by MCA

    Circulars for extension of various schemes issued by MCA

    Considering the representations made by various stakeholders, the Ministry of Corporate Affairs (“MCA”) has extended Companies Fresh Start Scheme, 2020 and LLP Settlement Scheme, 2020, (previously valid till 30 September 2020) for a period of 3 months, to 31 December

  • Extension of timeline for compliance IS Standards under the Food Safety and Standards (Packaging) Regulations, 2018

    Extension of timeline for compliance IS Standards under the Food Safety and Standards (Packaging) Regulations, 2018

    The Food Safety and Standards (Packaging) Regulations, 2018 (Regulation) deals with regulations relating to food packaging. The Regulation provides a detailed list of packaging materials that may be used for the packaging of specific categories of food products and also

  • Clarification on due date for Annual General Meeting

    Clarification on due date for Annual General Meeting

    The Annual General Meeting (AGM) for the financial year ended 31 March 2020 has been extended till 31 December 2020 for all companies. Though the MCA had allowed companies to conduct AGMs through audio-visual means, the prevailing pandemic crisis had

  • MCA extends due date for filing Cost Audit Report

    MCA extends due date for filing Cost Audit Report

    The Ministry of Corporate Affairs (the MCA) has extended the last date of filing of CRA-4 (form for filing of the cost audit report) for financial year 2019-20 under the Companies Act, 2013. The MCA also relaxed the additional fees

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