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Saturday, June 26, 2010

Revised monthly wage ceiling limit of 50% of Rs.4000 increased to Rs.8000-Employees Compensation Act for maximum compensation calculation

As you are aware, Workmen's Compensation Act, 1923 becomes Employees with enhanced compensation limits, full medical expenses reimbursement, case disposal within 3 months,...

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Thursday, June 17, 2010

New Scheme to close down Company & comply for non-compliances done under Companies Act, 1956 like non-filing of annual returns, accounts, compliance certificate,etc...Lawlabz Website link

Closure of defunct companies by ROC COMPANY LAW SETTLEMENT/EASY EXIT SCHEME under The Companies Act, 1956: The Ministry of Corporate Affairs, has announced...

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Monday, June 14, 2010

Preserve/Lost your Mark sheets as NO more CS Pass Certificates for Foundation & Executive will be issued by ICSI on passing Company Secretary Exams but for Professional Program

Don’t panic after your CS Results this 25th August 2010 onwards! when you don’t receive your Company Secretary Exam pass certificates, ICSI has...

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Sunday, June 6, 2010

New Rule 19(2)(b) & 19A for initial & continuous listing requirement of 25% of capital with public as per SCRR amendment 2010 [for all companies]: 10% for 4000 crores to be increased@5% every year

The Securities Contracts (Regulation) Rules 1957 provide for the requirements which have to be satisfied by companies for the purpose of getting their...

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Wednesday, June 2, 2010

Learnlabz Activity outside Company Secretary exam centres @ Chennai, Free DVDs for CS students on classes & books

Catching up the heat outside Company Secretary Exam centres at Chennai.  Learnlabz stall was crowded with CS students availing their free DVD’s with...

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Saturday, May 29, 2010

Effective Date for Revision of Gratuity Amendment Act to Rs. 10 lakhs: Notification in Official Gazette as on 24th May 2010

As you are aware Gratuity Amendment Act 2010 is notified in Official Gazette with Rs.10 lakhs as limit replacing Rs.3,50,000 The Payment of...

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Tuesday, May 25, 2010

Money laundering transaction records & definition of beneficial owner in Amendment Rules 2010 - RBI

Prevention of Money-laundering (Maintenance of Records of the Nature and Value of Transactions, the Procedure and Manner of Maintaining and Time for Furnishing...

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Monday, May 24, 2010

NBFC investment in Joint Venture or subsidiary abroad shall 'No Objection' (NoC) of the Department of Non-Banking Supervision of RBI

Overseas Investment by NBFCs- No Objection (NoC) from DNBS, RBI Please refer to Regulation No. 7 of the Foreign Exchange Management (Transfer or...

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ECB by IFC now under Automatic route UPTO 50% of owned funds, RBI

As a measure of liberalisation of the existing procedures, it has been decided to permit the IFCs to avail of ECBs, including the...

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Gratuity Amendment Act 2010 is notified in Official Gazette with Rs.10 lakhs as limit replacing Rs.3,50,000

The Payment of Gratuity (Amendment) Act, 2010 is notified in Official Gazette on 18th May 2010, amending the Payment of Gratuity Act, 1972...

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Workmen's Compensation Act, 1923 becomes Employees with enhanced compensation limits, full medical expenses reimbursement, case disposal within 3 months, etc..& also applicable to casual & clericals

Workmen’s Compensation Act is now Employees Compensation Act, 1923 and the definition of employee includes clerical employees & casual employees also.  Further, the...

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Employees definition under Gratuity Act amended to included all types of works irrespective of salary limits

The Payment of Gratuity Act, 1972 definition of the term “employee” under Section 2 got widened.  It is no more the old definition...

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CS Updatin...

See Yes -> Yes, ACS

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