REAL ESTATE UPDATE 16th May, 2022 Issue No. 02/22-23 CHANGES IN STAMP DUTY CHARGES IN MAHARASHTRA The stamp duty charges levied under the Maharashtra Stamp Act, 1958 (“Act”) have been amended and updated as follows: The stamp duty in Mumbai, Thane, Navi Mumbai, Pune, Nagpur and Nashik on transaction of Sale, Mortgage and Gift Deed … Read More >
CORPORATE LAW UPDATE 28th April, 2022 Issue No. 01/22-23 AMENDMENT OF SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 Vide notification dated 25th April, 2022, SEBI has amended the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Regulations”) to modify the provisions with respect to transmission of securities. Accordingly, … Read More >
EMPLOYMENT LAW UPDATE 31st MARCH 2022 Issue No. 30/21-22 UNION CABINET APPROVES HIKE IN DEARNESS ALLOWANCE FOR CENTRAL GOVERNMENT EMPLOYEES On 30th March 2022, the Union Cabinet gave its approval to release an additional instalment of Dearness Allowance to Government Employees and Dearness Relief to Government Pensioners, with effect from 1st January 2022. This … Read More >
REAL ESTATE UPDATE 24th March 2022 Issue No. 29/21-22 MAHARASHTRA LEGISLATIVE ASSEMBLY PASSES BILL EXTENDING SET – OFF PERIOD FOR PAYMENT OF STAMP DUTY ON RESALE OF IMMOVABLE PROPERTY As reported in the Times of India[1], the Maharashtra Legislative Assembly has passed a Bill which inter alia extends the set-off period for payment of stamp … Read More >
REAL ESTATE UPDATE 23rd March 2022 Issue No. 28/21-22 RIGHTS UNDER MAHARASTRA OWNERSHIP FLATS (REGULATION OF THE PROMOTION OF CONSTRUCTION, SALE, MANAGEMENT AND TRANSFER) ACT, 1963 CANNOT BE ENFORCED ON MMRDA LANDS In a recent matter, a Division bench of the Hon’ble Bombay High Court (“Bombay HC”) in Shahed Kamal & Ors. v. Pagarani Universal … Read More >
REAL ESTATE UPDATE 12th March 2022 Issue No 27/21-22 Mumbai Police Commissioner prohibits construction activity between 10 PM – 6 AM The newly appointed Police Commissioner of Mumbai has prohibited construction activity in the city between 10 PM to 6 AM in a bid to curb noise pollution. The decision was taken pursuant to … Read More >
REAL ESTATE UPDATE 12th March 2022 Issue No. 26/21-22 PROPERTY TAX WAIVER The Governor of Maharashtra, on the advice of the State Government had promulgated an Ordinance on 12th January 2022 for waiver of property tax on residential units admeasuring less than 500 square feet in Mumbai. On 9th March 2022 the Maharashtra Legislative … Read More >
EMPLOYMENT LAW UPDATE 7th FEBRUARY 2022 Issue No. 23/21-22 EMPLOYEE COMPENSATION AND INTEREST SHALL BE PAYABLE FROM THE DATE OF ACCIDENT AND NOT FROM THE DATE OF ADJUDICATION OF CLAIM A Division Bench of the Hon’ble Supreme Court of India (“SC”) in Ajaya Kumar Das & Anr. v. Divisional Manager & Anr.[1] has reiterated … Read More >
CORPORATE LAW UPDATE 27th January 2022 Issue No. 22/21-22 JOINT PARLIAMENTARY COMMITTEE REPORT ON THE PERSONAL DATA PROTECTION BILL, 2019 The report of the Joint Parliamentary Committee (“Committee Report”) on the Personal Data Protection Bill, 2019 (“Bill”) was tabled in Parliament on 16th December, 2021. The report contains a new version of the law titled … Read More >