UNION BUDGET 2023 1st February 2023 Issue No.17/22-23 KEY ASPECTS OF THE UNION BUDGET 2023-24 On 1st February, Smt. Nirmala Sitharaman, the Finance Minister of India, presented the union budget (“Budget”) for the financial year 2023-24. The Finance Minister commenced her speech with hopes to build this Budget on the foundation laid down by the … Read More >
REAL ESTATE LAW UPDATE 16th January 2023 Issue No.17/22-23 EDUCATING THE REAL ESTATE AGENTS – A … Read More >
REAL ESTATE UPDATE 5th December 2022 Issue No. 16/22-23 DIGITISATION OPPORTUNITY IN REAL ESTATE The Ministry of Electronics and Information Technology (“MeitY”) released a notification on 26th September 2022 that made the Information Technology Act of 2000 (“IT Act”) applicable to several new documents and transactions, this notification may help unlock digitisation opportunities in the … Read More >
CORPORATE LAW UPDATE 25th November 2022 Issue No.15/22-23 THE MINISTRY OF ELECTRONICS AND INFORMATION TECHNOLOGY RELEASES THE DIGITAL PERSONAL DATA PROTECTION BILL, 2022 On 18th November 2022, the Indian government published India’s latest legislation for data protection law, The Digital Data Protection Bill, 2022 (“2022 Bill”) for public consultation. The Government has invited comments on … Read More >
EMPLOYMENT LAW UPDATE 14th November 2022 Issue No.14/22-23 THE SUPREME COURT UPHOLDS THE LEGALITY OF THE EMPLOYEES’ PENSION (AMENDMENT) SCHEME 2014 A three judge bench of the Hon’ble Supreme Court of India (“SC”) in Employees Provident Fund Organization vs B Sunil Kumar and other connected cases on 4th September, 2022 has upheld the validity of … Read More >
REAL ESTATE UPDATE 7th October 2022 Issue No. 13/22-23 MAHARASTHRA DEPUTY CM PUSHES FOR SELF RE-DEVELOPMENT SCHEME FOR CO-OPERATIVE HOUSING SOCIETIES. Deputy Chief Minster, Devendra Fadnavis on Thursday said that the Maharashtra Government is planning to start and set up a single window system for obtaining various clearances for housing projects which are going for self- … Read More >
CORPORATE LAW UPDATE 22nd September 2022 Issue No. 12/22-23 THE MINISTRY OF CORPORATE AFFAIRS AMENDS THE COMPANIES (CORPORATE SOCIAL RESPONSIBILITY POLICY) RULES, 2014 By a gazette notification bearing no. G.S.R. 715(E) dated 20th September, 2022, the Ministry of Corporate Affairs has notified the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2022 (“Amendment Rules”) amending the … Read More >
CORPORATE LAW UPDATE 21st September 2022 Issue No. 11/22-23 THE INSOLVENCY AND BANKRUPTCY BOARD OF INDIA AMENDS THE LIQUIDATION PROCESS REGULATIONS AND THE VOLUNTARY LIQUIDATION PROCESS REGULATIONS By Gazette Notifications bearing Nos. IBBI/2022-23/GN/REG094 and No. IBBI/2022-23/GN/REG095 dated 16th September, 2022, the Insolvency and Bankruptcy Board of India notified the Liquidation Process (Second Amendment) Regulations, 2022 … Read More >
CORPORATE LAW UPDATE 8th September 2022 Issue No. 10/22-23 MINISTRY OF CORPORATE AFFAIRS AMENDS THE DEFINITION OF START-UP FOR A FAST-TRACK CORPORATE INSOLVENCY RESOLUTION PROCESS UNDER THE INSOLVENCY AND BANKCRUPTCY CODE, 2016. The Ministry of Corporate Affairs (“MCA”) by their Notification dated 30th August, 2022, has amended the definition of ‘Start-up’ (“Amendment”) for the application … Read More >
REAL ESTATE UPDATE 23rd August 2022 Issue No. 09/22-23 RESTUARANTS/CAFETERIA/FOOD COURTS ALLOWED TO OCCUPY BEYOND 2nd FLOOR IN HIGH RISE COMMERICAL BUILDINGS. Since long time various restaurants, cafeterias and eatery holders have been requesting the Brihanmumbai Municipal Corporation (“BMC”) to allow them to occupy and set up their restaurants and cafes beyond permissible occupancy … Read More >