Legal Updates

EMPLOYMENT LAW UPDATE 26th July 2023 Issue No. 09/23-24 THE EMPLOYEE PROVIDENT FUND ORGANIZATION HAS DECLARED THE RATE OF INTEREST AT 8.15% FOR MEMBERS HOLDING EMPLOYEE PROVIDENT FUND ACCOUNTS FOR THE FINANCIAL YEAR 2022-2023. The Ministry of Labour and Employment, Government of India has conveyed the approval of the Central Government, to credit into the … Read More >

REAL ESTATE UPDATE 1st June 2023 Issue No. 08/23-24 DEEMED CONYENACE IN A MONTH FOR SELF-REDEVLOPMENT IN MAHARASHTRA The department of co-operation and the ministry of marketing and textiles of the government of Maharashtra has issued a Government Resolution on Wednesday i.e., 31st May 2023 (‘GR’). The said GR has been issued in order to … Read More >

REAL ESTATE UPDATE 31st May 2023 Issue No. 07/23-24 AMENDMENT TO STAMP DUTY CONCESSION FOR WOMEN IN MAHARASHTRA The Ministry of Revenue and Forest Department of the government of Maharashtra had passed an order dated 31st March, 2021 bearing no. Mudrank-2021/UOR.12/CR.1071M-1 (Policy) which modified the Article 21 of the Schedule I Clause (b) provision of … Read More >

REAL ESTATE UPDATE 30th May 2023 Issue No. 06/23-24 MANDATORY DISPLAY OF QR CODE IN PROMOTION/ ADVERTISEMENTS FOR REAL ESTATE PROJECTS The Maharashtra Regulatory Authority (‘MahaRERA’) which is established under the Real Estate Regulation and Development Act, 2016 (‘Act’), has vide its order dated 29th May 2023 bearing order no. 46/2023 (‘Order’) issued mandatory guidelines … Read More >

EMPLOYMENT LAW UPDATE 27th May 2023 Issue No. 05/23-24 THE MINISTRY OF FINANCE ISSUES NOTIFICATIONS INCREASING THE LIMIT ON TAX EXEMPTION FOR LEAVE ENCASHMENT In furtherance to the budget proposal of 2023-24, the Ministry of Finance has notified the increase in tax exemption that is given on leave encashment upon retirement for salaried non-government workers. … Read More >

CORPORATE LAW UPDATE 19th May 2023 Issue No. 04/23-24 THE MINISTRY OF CORPORATE AFFAIRS NOTIFIES THE COMPANIES (COMPROMISES, ARRANGEMENTS AND AMALGAMATIONS) AMENDMENT RULES, 2023 By a gazette notification bearing no. G.S.R. 367(E). dated 15th May 2023, the Ministry of Corporate Affairs (“MCA”) has notified the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2023 (“Amendment Rules”) … Read More >

CORPORATE LAW UPDATE 17th May 2023 Issue No. 03/23-24 THE MINISTRY OF CORPORATE AFFAIRS NOTIFIES THE COMPANIES (REMOVAL OF NAMES OF COMPANIES FROM THE REGISTER OF COMPANIES) SECOND AMENDMENT RULES, 2023. By a gazette notification bearing no. G.S.R. 354(E). dated 10th May 2023, the Ministry of Corporate Affairs (“MCA”) has notified the Companies (Removal of … Read More >

REAL ESTATE UPDATE 16th May 2023 Issue No. 02/23-24 THE LAST PUSH FOR IMPLEMENTING THE SELF-REDEVELOPMENT POLICY BACKGROUND The Government Resolution dated 11th September 2019 (‘‘2019 Resolution”) which was introduced by the State Government of Maharashtra to facilitate the self-redevelopment of housing societies and to put stalled real estate projects on track, has till date … Read More >

EMPLOYMENT LAW UPDATE 09th May 2023 Issue No. 01/23-24 THE MINISTRY OF LABOUR AND EMPLOYMENT ISSUES NOTIFICATIONS IN COMPLIANCE OF THE HON’BLE SUPREME COURT JUDGEMENT IN THE CASE PERTAINING TO PENSION ON HIGHER WAGES The Ministry of Labour and Employment (“Ministry”) on 3 May 2023 has held that the additional contribution of 1.16% of the … Read More >

      CORPORATE LAW UPDATE 06th March 2023 Issue No. 19/22-23 THE SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFIESTHE SECURITIES AND EXCHANGE BOARD OF INDIA (BUY-BACK OF SECURITIES) (AMENDMENT) REGULATIONS, 2023 By agazette notification bearingno. SEBI/LAD-NRO/GN/2023/120dated 07thFebruary, 2023, the Securities and Exchange Board of India (“SEBI”) has notified the Securities and Exchange Board of … Read More >