Background: On October 4, 2024, the Reserve Bank of India (RBI) issued an important directive to address irregularities in guarantees provided by non-residents to Indian entities. The circular highlighted cases where instruments such as Standby Letters of Credit (SBLCs) and performance guarantees were issued by non-residents without adhering to FEMA regulations. These violations raised concerns […]
Read More →Introduction The Bonus Act mandates the payment of bonuses to eligible employees in certain establishments. Its primary objective is to share profits with employees and promote industrial peace. The acts covers all the factory workers and the person employed in the railways or is in contract with railways. It also includes skilled and unskilled workers, […]
Read More →In today’s digital age, ATMs have become an integral part of our financial lives. They offer convenience and accessibility for various banking transactions. However, situations may arise where customers need to retract cash from the ATM. This blog post delves into the guidelines issued by The Reserve Bank of India (RBI) to ensure smooth and […]
Read More →This list provides hands on information of the laws that have been notified by the Government both at Central and State levels during recent times along with their scope and applicability: Name of Legislation Geographical Applicability Category Scope of Applicability Effective Date Biological Diversity Rules, 2024 Central Environment, Health and Safety Laws, Regulatory Laws The […]
Read More →Introduction Guidelines for sanitary waste management is crucial for maintaining public health, preventing environmental pollution, and promoting sustainable development. Applicability These rules shall apply to the following: Every urban local body Outgrowths in urban agglomerations Census towns as declared by the Registrar General and Census Commissioner of India Villages with population more than 3000 Notified […]
Read More →Introduction: In a significant development for the Information Technology (IT) and Information Technology Enabled Services (ITES) sector, the Government of Uttar Pradesh, Notification No. 1866-XXXVI-03–2024-1844430 dated 26.09.2024 has granted a two-year exemption to these industries from the applicability of Sections 6 and 7 of the Uttar Pradesh Dookan Aur Vanijya Adhisthan Adhiniyam, 1962 (U.P. Act […]
Read More →The Indore Community Cameras (Surveillance) Bye-laws 2024 were notified by the Government of Madhya Pradesh on September 12, 2024. The by-laws are applicable to all establishments within the city limits of Indore Municipal Corporation. Applicability The Provision of the By-laws is applicable to all establishments as defined therein. The term “Establishment” refers to any location […]
Read More →In a welcome relief for periodical publishers, the Press Registrar General of India, under the Ministry of Information and Broadcasting, has announced an extension for filing Annual Statements for the Financial Year 2023-24. This move aims to provide publishers additional time to ensure compliance and accuracy in their submissions. As per compliance requirements, publishers of […]
Read More →Core Investment Companies (CICs) are vital to the financial ecosystem, managing long-term investments such as shares and debentures in other companies. To ensure their efficient and transparent operation, and to align with regulatory standards, the Reserve Bank of India (RBI) has established a set of compliance requirements for these companies. Meaning of Core Investment Companies […]
Read More →Below mentioned is the compilation of various laws notified by the Government both at Central and various State levels during recent times along with their scope and applicability: Name of Legislation Geographical Applicability Category Scope of Applicability Effective Date Directions – Compounding of Contraventions under FEMA, 1999 Central Banking and Forex Laws, Regulatory Laws These […]
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