Certain amendments made to Foreign Contribution (Regulation) Act, 2010 were made vide Foreign Contribution (Regulation) Amendment Act, 2020 and the same were given effect from 29.09.2020. The Government has proposed the said amendments after taking into the consideration the rampant misusage and abuse of the Foreign Contribution (Regulation) Act, 2010
Updates in Labour Laws
Jurisdiction in ‘Work From Home’ Situations: In Mangala A G vs. HIL (India) Limited [Kerala HC WP(C) No. 2342/2021 26.11.2021], the question that has arisen for consideration is, what would be the jurisdiction of court in the case of employee who is working from home. The court stated that
Succession by Female – Prior to Hindu Succession Act – SC answers in Aurnachala Gounder
The recent decision of Honourable Supreme Court in matter of Aurnachala Gounder v. Ponnusamy[1] has reiterated the rights of a female for succeeding to the property in absence of a male issue, though the succession happened prior to the enactment of Hindu Succession Act, 1956. The matter revolves around, who
Insights into Aatmanirbhar Bharat Rozgar Yojana (ABRY)
The Scheme proposes to incentivize employers, registered with Employees Provident Fund Organisation (EPFO), for giving employment to new employees. The Scheme commenced from 1st October 2020 and remain open for registration of eligible employers and new employees up to 31 March 2022. Reference Base: The number of employees with Universal
Self Acquired vs Ancestral Property – Supreme Court Answers
One of the most vexed question under the Hindu Law, is, whether a property acquires the character of self-acquired property or ancestral property. This is important because, if the property assumes character of self-acquired, then it falls into the hands of his sons as not coparcenary property, but would devolve
Foreign Contribution Regulation Act – Recent Amendments
Foreign Contribution Regulation Act, 2010 (‘FCRA’) got the assent of the Honourable President on 27th September 2010 and came into force with effect from 11th May 2011. By virtue of this, the earlier Foreign Contribution Regulation Act, 1976 got repealed. The preamble to the current act states that it is
First Note on Banning of Cryptocurrency & Regulation of Official Digital Currency Bill 2019
Introductory Remarks: A high level inter-ministerial committee was constituted in 2017 under the Chairmanship of Secretary Department of Economic Affairs, to study the issues related to virtual currencies. The mandate of the Committee included examination of policy and legal framework for the regulation of virtual currencies. The subject of virtual
Annual Reviews 2019
Dear All, Today marks an important milestone in the journey of our organisation. From today, we become eligible to start officially using the expression ‘decade’, to convey the age of our organisation. I bow down to each one who has supported all through the past years to make our organisation
Legal Entity Identifier (LEI)
What does LEI means? A LEI is a 20 digit Unique Identification Number that shall be assigned to all entities who are parties to financial transactions being borrowers, lenders, market participants, financial and market regulators, mutual fund / Alternative Investment Fund (AIF) and its schemes including sub-schemes if any, etc.
Pharmaceutical Industry
Background The modern pharmaceutical industry can be traced back to the discoveries of insulin and penicillin in the early 20th century. These products began to be mass manufactured, particularly in European countries, with other developed countries following close behind. The implementation of scientific processes to the research and discovery of
