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Newsletter

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

ricago newsletter Edition - 2023

Corporate Laws

SEBI - COMPREHENSIVE GUIDELINES FOR INVESTOR PROTECTION FUND AND INVESTOR SERVICES FUND AT STOCK EXCHANGES AND DEPOSITORIES

The Security and Exchange Board of India (SEBI) issued a notification regarding the Comprehensive guidelines for Investor Protection Fund and Investor Services Fund at Stock Exchange and Depositories on 30th of May, 2023. (Corporate Laws) on June 08, 2023

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Corporate Laws

RBI - MASTER CIRCULAR - INCOME RECOGNITION, ASSET CLASSIFICATION, PROVISIONING AND OTHER RELATED MATTERS – UCBS

The Reserve Bank of India issued a master circular on the 8th of May, 2023 to all the Primary (Urban) Co-operative Banks for the income recognition, (Corporate Laws) on June 08, 2023

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Corporate Laws

SEBI - ‘TESTING FRAMEWORK’ FOR IT SYSTEMS OF THE MARKET INFRASTRUCTURE INSTITUTIONS

SEBI has established a thorough testing framework for the InformationTechnology (IT) systems of Market Infrastructure Institutions (MIIs). (Corporate Laws) on June 08, 2023

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Labour Laws

EMPLOYEES STATE INSURANCE (GENERAL) REGULATIONS, 1950 ON 17.05.2023

If an employer fails to pay contribution within the periods specified under Regulations 31, or any other amount payable under the Act, the Corporation may recover damages, (Labour Laws) on June 08, 2023

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General Laws

BIHAR EPIDEMIC DISEASES, COVID-19 REGULATION 2023

The Government of Bihar issued the Bihar Epidemic Diseases, COVID-19 Regulation 2023 on 11th of May, 2023, in order to take particular precautions that the general population must follow in order to avoid the emergence or spread of the said disease (General Laws) on June 08, 2023

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General Laws

MOHFW - ACCESSIBILITY STANDARDS FOR HEALTHCARE

The Ministry of Health and Family Welfare (MOHFW) on May 09, 2023, issued the Accessibility Standards for Healthcare. (General Laws) on June 08, 2023

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Judicial Insight

WHETHER DOCTRINE OF LEGITIMATE EXPECTATION APPLIES TO TAX EXEMPTIONS

The issue of whether M/s. K.B. Tea Product Pvt. Ltd (appellants) were entitled to sales tax exemption despite the amendment of section 2(17) of the West Bengal Sales Tax Act, (Judicial Insight) on June 08, 2023

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Judicial Insight

AN AWARD COULD BE SAID TO BE SUFFERING FROM “PATENT ILLEGALITY” ONLY IF IT IS AN ILLEGALITY APPARENT ON THE FACE OF THE AWARD PARTIES

In the present case, Reliance Infrastructure won an arbitration dispute against the State of Goa over delayed payments for a power plant. (Judicial Insight) on June 08, 2023

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