Legal Updates

THE MINISTRY OF CORPORATE AFFAIRS AMENDS THE COMPANIES (CORPORATE SOCIAL RESPONSIBILITY POLICY) RULES, 2014

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 >

THE INSOLVENCY AND BANKRUPTCY BOARD OF INDIA AMENDS THE LIQUIDATION PROCESS REGULATIONS AND THE VOLUNTARY LIQUIDATION PROCESS REGULATIONS

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 >

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.

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 >

RESTUARANTS/CAFETERIA/FOOD COURTS ALLOWED TO OCCUPY BEYOND 2nd FLOOR IN HIGH RISE COMMERICAL BUILDINGS.

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 >

HIV & AIDS POLICY FOR ESTABLISHMENTS, 2022

EMPLOYMENT LAW UPDATE 19th July 2022 Issue No. 08/22-23   HIV & AIDS POLICY FOR ESTABLISHMENTS, 2022 The Ministry of Health and Family Welfare published the Model Human Immunodeficiency Virus and Acquired Immune Deficiency Syndrome Policy for Establishments, 2022 (“the said Policy”) on 13th May, 2022. This Policy has been issued under the Human Immunodeficiency … Read More >

PROFORMA OF THE ALLOTMENT LETTER | MAHARASHTRA REAL ESTATE REGULATORY AUTHORITY

REAL ESTATE UPDATE 15 June, 2022 Issue No. 07/22-23 PROFORMA OF THE ALLOTMENT LETTER | MAHARASHTRA REAL ESTATE REGULATORY AUTHORITY In order to bring transparency and standardization in the real estate dealings, the Maharashtra Real Estate Regulatory Authority (“Authority”) issued an order dated 3rd June 2022 (“Order”) standardizing the proforma of the Allotment letter to … Read More >

AMENDMENT OF COMPANIES (APPOINTMENT AND QUALIFICATION OF DIRECTORS) RULES, 2014

CORPORATE LAW UPDATE 3rd June 2022 Issue No. 06/22-23   AMENDMENT OF COMPANIES (APPOINTMENT AND QUALIFICATION OF DIRECTORS) RULES, 2014 Vide notification dated 1st June, 2022, the MCA has notified Companies (Appointment and Qualification of Directors) Amendment Rules, 2022 thereby amending Companies (Appointment and Qualification of Directors) Rules, 2014 (“Rules”) by inserting provisos in Rule … Read More >

AMENDMENT OF COMPANIES (COMPROMISES, ARRANGEMENTS AND AMALGAMATIONS) RULES, 2016

CORPORATE LAW UPDATE 1st June 2022 Issue No. 05/22-23 AMENDMENT OF COMPANIES (COMPROMISES, ARRANGEMENTS AND AMALGAMATIONS) RULES, 2016 Vide notification dated 30th May, 2022, the MCA has notified Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2022 thereby amending Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 (“Rules”) by inserting sub-rule (4) in Rule 25A and a … Read More >

NOTICE PERIOD SALARY NOT OPERATIONAL DEBT UNDER IBC

EMPLOYMENT LAW UPDATE 27th May 2022 Issue No. 04/22-23   NOTICE PERIOD SALARY NOT OPERATIONAL DEBT UNDER IBC Recently, in Sandesh Naik v. MT Educare Limited [C.P. (IB) -678 (MB)/2020], the NCLT – Mumbai bench has held that salary for purported notice period which needs to be specifically performed as per the appointment letter, would … Read More >

AMNESTY SCHEME | SLUM REDEVELOPMENT IN MUMBAI

REAL ESTATE UPDATE 26th May 2022 Issue No. 03/22-23   AMNESTY SCHEME | SLUM REDEVELOPMENT IN MUMBAI In order to revive the stalled slum redevelopment projects, the State Government of Maharashtra issued a Government Resolution dated 25th March 2022 (“GR”) for implementation of the Amnesty Scheme thereby providing measures for reviving the stalled slum redevelopment … Read More >