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.

  • Setting up of a Company in India is simplified

    Setting up of a Company in India is simplified

    The Ministry of Corporate Affairs ("MCA") has introduced new incorporation form "SPICE+" and "AGILE PRO" that allows the stakeholders to make a composite application for incorporation and following additional services: -       Reservation of Name; -       Incorporation; -       Employees’ Provident Fund

  • Central Government to decide on winding up of small companies

    Central Government to decide on winding up of small companies

    The Ministry of Corporate Affairs (the MCA) vide its notification dated 24 January 2019, has notified Companies (Winding Up) Rules, 2020 ("Rules") to make the winding procedure easier for certain class of companies having small scale of business. These Rules

  • New rules for takeover of Unlisted Companies

    New rules for takeover of Unlisted Companies

    On 3 February 2020, the Ministry of Corporate Affairs ("MCA") notified sections of the Companies Act 2013 (the Act) in relation to takeover of unlisted companies. With the notification of sub-section 11 & 12 of section 230 of the Act,

  • Faceless adjudication- an initiative by Ministry of Corporate Affairs

    Faceless adjudication- an initiative by Ministry of Corporate Affairs

      The Ministry of Corporate Affairs vide its press release on 6 April 2020, announced that it would upgrade its online services offered to the companies through the MCA21 portal. It aims to enable adjudication of certain specified offences remotely

  • MCA's Fresh Start Scheme- an opportunity for defaulting companies

    MCA's Fresh Start Scheme- an opportunity for defaulting companies

    In the wake of COVID - 19, the Ministry of Corporate Affairs has provided a one-time opportunity to companies and LLPs to complete pending compliances, by filing necessary documents in the MCA-21 registry without being subject to additional fees due

  • CCI amends provisions relating to informants requesting inquiry in to certain agreements or dominant position of enterprise

    CCI amends provisions relating to informants requesting inquiry in to certain agreements or dominant position of enterprise

    Competition Commission of India (“CCI”) vide Gazette Notification dated 20 November 2019, amended the Competition Commission of India (General) Regulations, 2009 relating to informants, as follows: A new clause 10(2)(da) is inserted to provide details of any dispute between the

  • Notification of IBC sections for insolvency resolution and bankruptcy of individuals and partnership firms effective from December 1, 2019

    Notification of IBC sections for insolvency resolution and bankruptcy of individuals and partnership firms effective from December 1, 2019

    Insolvency and Bankruptcy Board of India (“IBBI”) vide Gazette Notification No. S.O. 4126 (E) dated 15 November 2019, notified the effective date as 1st December 2019, for the following sections of the Insolvency and Bankruptcy Code, 2016 (“IBC”): Section Details

  • MCA amends the limits for board approval of related party transactions

    MCA amends the limits for board approval of related party transactions

    Ministry of Corporate Affairs (“MCA”) vide Gazette Notification No. G.S.R. 857 (E) dated 18 November 2019, amended Rule 15(3)(a) of the Companies (Meetings of Board and its Powers) Rules, 2014 per below table: Previous Position Present Position Board approval for

  • Notification of Regulations for Insolvency process for Personal Guarantors to Corporate Debtors, effective from December 1, 2019

    Notification of Regulations for Insolvency process for Personal Guarantors to Corporate Debtors, effective from December 1, 2019

    Insolvency and Bankruptcy Board of India (“IBBI”) vide Gazette Notification dated November 20, 2019, notified the Insolvency and Bankruptcy Board of India (Insolvency Process for Personal Guarantors to Corporate Debtors) Regulations, 2019, inter-alia, providing below compliance: Appointment of resolution profession

  • Notification of Regulations for Bankruptcy Trustee for Personal Guarantors to Corporate Debtors, effective from December 1, 2019  

    Notification of Regulations for Bankruptcy Trustee for Personal Guarantors to Corporate Debtors, effective from December 1, 2019  

    Insolvency and Bankruptcy Board of India (“IBBI”) vide Gazette Notification dated November 20, 2019, notified the Insolvency and Bankruptcy Board of India (Bankruptcy Process for Personal Guarantors to Corporate Debtors) Regulations, 2019, inter-alia, providing below compliance: Appointment of insolvency professional

  • Maharashtra Factories Rules Amendment on Sanitary Napkins

    Maharashtra Factories Rules Amendment on Sanitary Napkins

    Maharashtra Labour Department vide Notification dated October 1, 2019 has notified the Maharashtra Factories (Amendment) Rules, 2019 by addition of two clauses in Rule 45 of the Maharashtra Factories Rules, 1963, mandating employers to maintain adequate quantity of sanitary napkins

  • Notification of Karnataka State on Rights of Persons with Disabilities Rules, 2019

    Notification of Karnataka State on Rights of Persons with Disabilities Rules, 2019

    The Karnataka Government vide Gazette Notification dated September 5, 2019, notified the Karnataka State Rights of Persons with Disabilities Rules, 2019 framed under the Rights of Persons with Disabilities Act, 2016, by repealing the Persons with Disabilities (Equal Opportunities, Protection

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