The Government of Maharashtra (the Authority) vide circular no. 4/2017 dated 14 June 2017 has clarified the terms used within the definition of Carpet Area. Section 2k of the Regulation defines Carpet Area as net usable floor area of an
After releasing the draft version of the above Rules on 20 April 2017, and getting feedback and comments from the general public on the same, the Ministry of Labour and Employment has released and notified the revised rules. The following
On 1 June 2017, the Telecom Regulatory Authority of India (“TRAI”) issued the above-mentioned Consultation Paper. TRAI has recognised that with the growing popularity and usage of wireless broadband connections (including those on mobile devices), the number and frequency of
On 13 June 2017, the Ministry of Electronics and Information Technology (“MEITY”) released the following two sets of best practices for programmers/coders, to ensure that they maintain security and safety in any application developed by them: Sources: The Checklist for
The Ministry of Corporate Affairs has notified 5 June 2015 exempting private limited companies from the provisions of the Companies Act 2013 (the Act). The gist of the said notification is as below: Section 2(40)- Financial Statements: Start-ups (only those
Exemption on long term capital gains tax arising out of transfer of equity shares which are acquired after 1 October 2004 and are chargeable to Security Transaction Tax (STT) – Section 10(38) of the Income Tax Act 1961. In view
Via its notification dated May 4, 2017, the Ministry of Labour & Employment amended the Employees’ Provident Fund Scheme, 1952; the Employees’ Pension Scheme, 1995; and the Employees’ Deposit Linked Insurance Scheme, 1976; to enable payments to be made to
The Telecom Regulatory Authority of India (TRAI) via a letter dated May 16, 2017, has authorised the use of Aadhaar based e-KYC authentication by Internet Service Providers for the purposes of providing broadband and internet connections. This process had already
The Department of Industrial Policy and Promotion (DIPP) (Industrial Promotion Body) and World Intellectual Property Organization (WIPO) have joined hands to establish Technology and Innovation Support Centres (TISC) in the country which is expected to boost generation and commercialisation of
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