Legal Updates

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 >

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 >