REAL ESTATE UPDATE 25th September 2023 Issue No.13/23-24 RELEASE OF PROPERTY DOCUMENTS BY BANKS ON REPAYMENT OF LOAN The Reserve Bank of India has issued a notification dated 13th September 2023 bearing no. RBI/2023-24/60 DoR.MCS.REC.38/01.01.001/2023-24 (‘Notification’), in the form of directions to all the commercial banks, urban co-operative banks, non-banking financial companies, asset reconstruction companies … Read More >
CORPORATE LAW UPDATE 11th August 2023 Issue No.12/23-24 WHAT’S NEW IN THE DIGITAL PERSONAL DATA PROTECTION BILL, 2023 On 9th August 2023, the Rajya Sabha passed the Digital Personal Data Protection Bill, 2023 (“2023 Bill”) that had been introduced by the Ministry of Electronics & Information Technology and passed by the Lok Sabha previously on … Read More >
EMPLOYMENT LAW UPDATE 8th August 2023. Issue No. 11/23-24 INTRODUCTION OF THE RAJASTHAN PLATFORM BASED GIG WORKERS (REGISTRATION AND WELFARE) BILL, 2023. On 24th July 2023, the Rajasthan Assembly vide a press release, has passed a bill for the welfare of gig workers known as The Rajasthan Platform Based Gig Workers (Registration and Welfare) Bill, … Read More >
REAL ESTATE UPDATE 7th August 2023 Issue No. 010/23-24 REGISTRATION (MAHARASHTRA AMENDMENT) ACT, 2023 The government of Maharashtra has amended the Registration Act, 1908 vide Government Gazette Publication dated 25th July 2023 (L. A. Bill No. XXVII of 2023). It is now to be known as the Registration (Maharashtra Amendment) Act, 2023 (‘Amendment Act’). The … Read More >
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 >