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.

  • Regulatory Update: Parliament passes Specific Relief (Amendment) Bill, 2017

    Regulatory Update: Parliament passes Specific Relief (Amendment) Bill, 2017

    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

  • Regulatory Update: Telecom Regulatory Authority of India : “Next Generation Public Protection and Disaster Relief (PPDR) communication networks”.

    Regulatory Update: Telecom Regulatory Authority of India : “Next Generation Public Protection and Disaster Relief (PPDR) communication networks”.

    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

  • Regulatory Update: Telecom Regulatory Authority Of India : Coverage Map of various Telecom Service Providers (TSP) for different License Service Areas (LSA) made available for TRAI portal

    Regulatory Update: Telecom Regulatory Authority Of India : Coverage Map of various Telecom Service Providers (TSP) for different License Service Areas (LSA) made available for TRAI portal

    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

  • Regulatory Update: National Clean Air Programme (NCAP)-India, 2018

    Regulatory Update: National Clean Air Programme (NCAP)-India, 2018

    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

  • Regulatory Update: Brief on Payment of Gratuity (Amendment Act), 2018

    Regulatory Update: Brief on Payment of Gratuity (Amendment Act), 2018

    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

  • MINISTRY OF CORPORATE AFFAIRS: RELAXATION OF ADDITIONAL FEES AND EXTENSION OF LAST DATE OF FILING OF AOC 4 XBRL EFORMS USING IND AS UNDER THE COMPANIES ACT 2013.

    MINISTRY OF CORPORATE AFFAIRS: RELAXATION OF ADDITIONAL FEES AND EXTENSION OF LAST DATE OF FILING OF AOC 4 XBRL EFORMS USING IND AS UNDER THE COMPANIES ACT 2013.

    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

  • MINISTRY OF CORPORATE AFFAIRS: COMPANIES (INDIAN ACCOUNTING STANDARDS) AMENDMENT RULES, 2018

    MINISTRY OF CORPORATE AFFAIRS: COMPANIES (INDIAN ACCOUNTING STANDARDS) AMENDMENT RULES, 2018

    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

  • MINISTRY OF CORPORATE AFFAIRS: NOTIFICATION OF COMPANIES (PROSPECTUS AND ALLOTMENT OF SECURITIES) AMENDMENT RULES 2018

    MINISTRY OF CORPORATE AFFAIRS: NOTIFICATION OF COMPANIES (PROSPECTUS AND ALLOTMENT OF SECURITIES) AMENDMENT RULES 2018

    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

  • MINISTRY OF CORPORATE AFFAIRS: COMMENCEMENT NOTIFICATION DATED 07 MAY 2018.

    MINISTRY OF CORPORATE AFFAIRS: COMMENCEMENT NOTIFICATION DATED 07 MAY 2018.

    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

  • MINISTRY OF CORPORATE AFFAIRS: NOTIFICATION OF COMPANIES (SPECIFICATION OF DEFINITION DETAILS) AMENDMENT RULE 2018

    MINISTRY OF CORPORATE AFFAIRS: NOTIFICATION OF COMPANIES (SPECIFICATION OF DEFINITION DETAILS) AMENDMENT RULE 2018

    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

  • REGULATORY UPDATE: RBI-EXTERNAL COMMERCIAL BORROWINGS (ECB) POLICY – RATIONALISATION AND LIBERALISATION

    REGULATORY UPDATE: RBI-EXTERNAL COMMERCIAL BORROWINGS (ECB) POLICY – RATIONALISATION AND LIBERALISATION

    External Commercial Borrowings (ECB): ECBs are commercial loans raised by eligible resident entities from recognized non-resident entities and should conform to parameters such as minimum maturity, permitted and non-permitted end-uses, maximum all-in-cost ceiling, etc. The parameters apply in totality and not

  • MINISTRY OF CORPORATE AFFAIRS: NOTIFICATION OF COMPANIES (REGISTRATION OF OFFICE AND FEES) SECOND AMENDMENT RULES 2018

    MINISTRY OF CORPORATE AFFAIRS: NOTIFICATION OF COMPANIES (REGISTRATION OF OFFICE AND FEES) SECOND AMENDMENT RULES 2018

    The MCA vide its notification dated 7 May 2018 has amended Rule 10 (3) of the Companies (Registration Offices and Fees) Rules, 2014  by the Companies (Registration Offices and Fees) Second Amendment Rules, 2018 providing that Registrar shall allow fifteen

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