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.

  • 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

  • Mode of submission of application for registration of bidders having beneficial ownership from countries sharing land border with India

    Mode of submission of application for registration of bidders having beneficial ownership from countries sharing land border with India

    The Office Memorandum of the Department of Promotion of Industry and Internal Trade dated 23 July 2020 mandated that bidders having beneficial ownership in countries which share land border with India will be eligible to bid in public procurement only

  • Business Reform Action Plan by Hon’ble minister Nirmala Sitharaman

    Business Reform Action Plan by Hon’ble minister Nirmala Sitharaman

    Smt. Nirmala Sitharaman, Hon’ble Minister of Finance and Minister of Corporate Affairs, announced the 4th edition of Business Reform Action Plan (BRAP) ranking, on Sep 5, 2020 at an event held at the New Media Centre, New Delhi. Ranking of

  • Resolution Framework for COVID-19 related stress – Financial Parameters

    Resolution Framework for COVID-19 related stress – Financial Parameters

    The Reserve Bank of India on September 7, 2020, released the K V Kamath-led Committee report, which had recommended financial parameters to be factored within the resolution plans under the ‘Resolution Framework for Covid19-related Stress’ alongside sector-specific benchmark ranges for

  • IRDA amends the Consolidated Guidelines on Product filing in Health Insurance Business

    IRDA amends the Consolidated Guidelines on Product filing in Health Insurance Business

    The IRDA has issued new guidelines on Product filing in Health Insurance Business on 4 September 2020 which supersedes the previous guidelines issued on 22 July 2020. Some of the norms that are prescribed under the guidelines are – Any

  • MCA amends Deposit Rules for Startups

    MCA amends Deposit Rules for Startups

    The Ministry of Corporate Affairs has amended the Deposit Rules to allow start-ups to raise funds through corporate bonds or other convertible instruments for 10 years instead of 5 years. So an amount of twenty-five lakh rupees or more received

  • Standardised list of documents for FSSAI License

    Standardised list of documents for FSSAI License

    Pursuant to order dated 31st August, 2020, the Regulatory Compliance Division of the Food Safety and Standards Authority of India directs the designated officers to refrain from insisting on submission of additional documents beyond the list issued by the FSSAI.

  • Companies are now required to provide web-link for their Annual Return

    Companies are now required to provide web-link for their Annual Return

    Ministry of Corporate Affairs (MCA) vide its notification dated 28 August 2020 has notified section 23(ii) of the Companies Amendment Act 2017 i.e. Section 92 of Companies Act 2013 which requires Companies to place its annual return on their website,

  • Penalties due to non-submission of Annual / Half-Yearly returns by food businesses in previous years during COVID-19 pandemic period has been waived off

    Penalties due to non-submission of Annual / Half-Yearly returns by food businesses in previous years during COVID-19 pandemic period has been waived off

    The department of FSSAI on 24th August 2020 has decided not to count the period of 22nd March 2020 to 31st December 2020 for collection of penalties under clause 2.1.13 (3) of FSS (Licensing and Registration of Food Business) Regulation,

  • Draft regulation for Food Safety and Standards (Food Products Standards and Food Additives) Amendments Regulations, 2020 released

    Draft regulation for Food Safety and Standards (Food Products Standards and Food Additives) Amendments Regulations, 2020 released

    The Department of FSSAI on 21st August 2020 has released a draft regulation for Food Safety and Standards (Food Products Standards and Food Additives) Amendments Regulations, 2020 framed under FSS Act, 2006. These regulations are not yet notified and are

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