Loading...

Newsletter

Stay informed and up-to-date with the latest news and insights related to compliance

ricago Newsletter September Edition - 2023

Judicial Insight

CUSTOMS ACT DOES NOT ESTABLISH A STATUTORY PRIMARY CLAIM THAT SUPERSEDES THE RIGHT OF SECURED CREDITOR : SUPREME COURT

During the years 1994-2000, the Industrial Development Bank of India ("the Appellant") offered financial assistance to M/s. Sri Vishnupriya Industries Limited ("the Company"). The Company had hypothecated moveable property as security.

READ MORE

Corporate Laws

SIMPLIFICATION OF KYC PROCESS AND RATIONALISATION OF RISK MANAGEMENT FRAMEWORK AT KRAS

Applicable to All Intermediaries, Stock Exchanges, Association of Mutual Funds in India (AMFI), Association of Portfolio Managers (APMI), BSE Administration & Supervision Ltd (BASL)

READ MORE

Labour Laws

GOVT.OF KARNATAKA NOTIFIES THE FACTORIES (KARNATAKA AMENDMENT) ACT, 2023

The State Government may, by notification in the official Gazette, extend the daily maximum hours of work specified in this section up to twelve hours inclusive of rest intervals in any day,

READ MORE

General Laws

GOVT.OF PUNJAB NOTIFIES THE PUNJAB URBAN PLANNING AND DEVELOPMENT BUILDING (AMENDMENT) RULES, 2023

Maximum floor to floor height of Booths or Shops or Shop-cum-Offices shall not be more than 14′-0″. Clear height of the basement shall not be more than 3 meter.

READ MORE

Corporate Laws

SEBI - MASTER CIRCULAR FOR ALTERNATIVE INVESTMENT FUNDS (AIFS)

Applicable to all Alternative Investment Funds , All Custodians, All Depositories, All Registrar to an Issue and Share Transfer Agents

READ MORE

Tax Laws

CBIC - THE CENTRAL GOODS AND SERVICES TAX (SECOND AMENDMENT) RULES, 2023

The important modifications to the Central Goods and Services Tax (Second Amendment) Rules, 2023, are as follows

READ MORE

Industry Specific Laws

HIMACHAL PRADESH ELECTRICITY REGULATORY COMMISSION (COMPENSATION TO VICTIMS OF ELECTRICAL ACCIDENTS) REGULATIONS, 2023

All the Distribution and Transmission Licensees in their respective area of supply; and all the Generating Companies in the State of Himachal Pradesh.

READ MORE

Judicial Insight

“PATHOLOGICAL LABORATORY COVERED UNDER EMPLOYEES’ STATE INSURANCE ACT FROM 2007 IN KERALA”-SUPREME COURT

The Supreme Court of India has resolved a long-standing controversy concerning the coverage of pathological laboratories under the Employees' State Insurance Act of 1948

READ MORE