The Law Commission of India, in its 276th report, has recommended legalisation of regulated betting and gambling activities, asserting that a complete ban has not been returning the desired results. The report states that it is not possible to prevent
The Negotiable Instrument Act, 1881 defines cheques, promissory notes and bills of exchange as valid negotiable instruments and provides for penalties for bouncing of cheques and not honouring these negotiable instruments. The Parliament has recently passed the Negotiable Instruments (Amendment)
Specific Relief Act, 1963 sets out the remedies available to the parties for violation of their civil or contractual rights. The parliament has recently passed the Specific Relief (Amendment) Bill, 2017 (“Bill”). Some of the importance amendments as per the
The Telecom Regulatory Authority of India via Press Release No. 61/2018 dated 4th June, 2018 released recommendations on “Next Generation Public Protection and Disaster Relief (PPDR) communication networks”. PPDR supports a wide range of services such as maintenance of law
The Telecom Regulatory Authority of India via Press Release No. 59/2018 dated 31st may, 2018 released the BETA version of the portal namely www.coveragemap.trai.gov.in. This web portal was aimed at providing visualization of network coverage of all Telecom Services Providers
Ministry of Environment, Forest and Climate Change released the National Clean Air Programme for India. National Clean Air Programme aims at overcoming the deficits in ongoing government initiatives targeted towards air pollution control. Its goal is to meet the prescribed
The Government vide notification No. 1420(E) dated 29th March 2018 has enhanced the gratuity ceiling under the Payment of Gratuity Act, 1972 from Rs. 10 Lakh to Rs. 20 Lakh with effect from 29th March 2018. The government received representations
The MCA vide its circular dated 27 April 2018 has extended last date of filing AOC-4 XBRL till 31 May 2018 without additional fee. The benefit of extension is applicable on all companies required to prepare or voluntarily preparing their
MCA vide its notification dated 28 March 2018 has notified the Companies (Indian Accounting Standards) Amendments Rules 2018 with effect from 1 April 2018. The Companies (Indian Accounting Standards) Amendment Rules, 2018 has been amended to include Ind AS 115 Revenue
The MCA vide its notification dated 7 May 2018 has amended Companies (Prospectus and Allotment of Securities) Rules 2014 and done away the requirement of detailed list of contents of the prospectus following suggestions from the stakeholders that offer documents
The Ministry of Corporate Affairs vide its notification dated 7 May 2018 has notified following sections effective from 7 May 2018. Section 2 (6)- Associate Company Section 2 (6) deals with the definition of “Associate Company”. The explanation part of
The MCA vide its notification dated 7 May 2018 has amended Companies (Specification of Definition Details) Rules 2014 by Companies (Specification of Definition Details) Amendment Rules 2018. In order to address changes in the definition of term subsidiary and associate
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