BackgroundThe Employees’ Provident Fund Organisation (“EPFO”) has issued a circular on 23 March2017 bearing file No. IWU/7/)(25)/(2017)/Payment of PF and Withdrawal Benefits(“Circular”), on payment of provident fund (“PF”) and withdrawal benefit under PensionScheme on the date of leaving service to International Workers1. The Circular refers to a circular no CSD-I/CPGRAMS/Pragati E-Samiksha/2016/1289 dated1 November 2016 (“circular […]
IntroductionThe Employee State Insurance Corporation (ESIC) has pursuant to its notification bearing ref. no. V-12/11/1/2014-P&D dated 20 December 2016 approved a “Scheme To Promote Registration of Employers/ Employees” (“SPREE”) giving a one-time opportunity to establishments to register under the Employees’ State Insurance Act, 1948 (“the ESI Act”) and avail the benefits under SPREE.Effective Period of […]
The Ministry of Labour and Employment, Government of India has vide its notification bearing ref. no. G.S.R. 1048(E) dated 04 November, 2016 notified the Ease of Compliance to Maintain Registers under various Labour Law Rules, 2017 (“Rules”) for providing combined registers under various labour laws to facilitate ease of compliance, maintenance, inspection and for providing […]
INTRODUCTIONThe Maternity Benefit (Amendment) Act, 2017 (“The Amendment Act”) has been notified on 28 March 2017 to amend the provisions of the Maternity Benefit Act, 1961 (“Maternity Benefit Act”). EFFECTIVE DATEThe Amendment Act is effective from 1st April 2017 except for section 3(5). Section 3(5) which deals with working from home (see point (3) below) […]
AmendmentThe Ministry of Labour and Employment, Government of India has pursuant to its notification bearing ref. no. G.S.R. 957(E) dated 22 November 2016 notified the Employees’ State Insurance (Central) Third Amendment Rules, 2016 (“Amendment Notification”) for increasing the wage limit for coverage of employees under the Employees’ State Insurance Act, 1948 (“the ESI Act”) from […]
IntroductionThe Ministry of Labour and Employment, Government of India has pursuant to its notification bearing ref. no. G.S.R.1190 (E) dated 30 December 2016 notified the Employees’ Provident Funds (Seventh Amendment) Scheme, 2016 (“Enrolment Campaign 2017”) giving an opportunity to defaulting companies to register their employees as members under the Employees’ Provident Funds Scheme, 1952 (“the […]
AmendmentThe Government of Maharashtra has on 5 January 2017 notified the Contract Labour (Regulation and Abolition) (Maharashtra Amendment) Act, 2016 (“Amendment Notification”) pursuant to which the Contract Labour (Regulation and Abolition) Act, 1970 (“the Contract Labour Act”) is now applicable to establishments having 50 or more workmen as against 20 or more workmen in the […]
IntroductionThe Reserve Bank of India (“RBI”), vide its recent notification amended the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000 (“Principal Regulations”) permitting issuance of ‘Convertible Note’ (“New Instrument”) by start-up companies to a person resident outside India (i.e. other than individuals who are citizens of Pakistan […]
Most businesses have trade secrets they would like to protect, but the process of doing so is notoriously difficult. Until recently, very few countries had dedicated legislation that could be […]
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INDUSLAW is delighted to announce that Karthik BM has joined as a Partner in Bangalore office and Deepak Chowdhury will join as a Partner in Hyderabad office effective June 1st, 2017. Prior to joining INDUSLAW Karthik was a Head Legal at Inno Group Holdings, Chennai, a global investment firm focused on real estate with operations […]
INDUSLAW is delighted to announce that Karthik BM has joined as a Partner in Bangalore office and Deepak Chowdhury will join as a Partner in Hyderabad office effective June 1st, 2017. Prior to joining INDUSLAW Karthik was a Head Legal at Inno Group Holdings, Chennai, a global investment firm focused on real estate with operations […]
INDUSLAW is delighted to announce that Karthik BM has joined as a Partner in Bangalore office and Deepak Chowdhury will join as a Partner in Hyderabad office effective June 1st, 2017. Prior to joining INDUSLAW Karthik was a Head Legal at Inno Group Holdings, Chennai, a global investment firm focused on real estate with operations […]
