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Newsletter

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

ricago Newsletter January Edition - 2025

Judicial Insight

CASE LAW RESTORING ORDER: SUPREME COURT UPHOLDS INSOLVENCY CODE OVER HIGH COURT INTERVENTION

The Corporate Insolvency Resolution Process (CIRP) was initiated against Associate Decor Ltd (the corporate debtor) at the request of Oriental Bank of Commerce in 2018.

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Tax Laws

GSTIN ADVISORY FOR WAIVER SCHEME UNDER SECTION 128A

The Goods and Services Tax Network (GSTN) has issued an important advisory regarding the Waiver Scheme under Section 128A of the GST Act, designed to simplify the compliance process for taxpayers.

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Corporate Laws

SEBI CIRCULAR REGARDING PRIOR APPROVAL FOR CHANGE IN CONTROL: TRANSFER OF SHAREHOLDINGS AMONG IMMEDIATE RELATIVES AND TRANSMISSION OF SHAREHOLDINGS AND THEIR EFFECT ON CHANGE IN CONTROL

On December 27, 2024, the Securities and Exchange Board of India (SEBI) issued a crucial circular aimed at clarifying the regulatory framework surrounding changes in control for certain registered intermediaries.

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Corporate Laws

RBI MASTER DIRECTIONS ON PREPAID PAYMENT INSTRUMENTS (PPIS)

RBI Guidelines on Prepaid Payment Instruments (PPIs): Issued to ensure safety, security, and customer protection while fostering innovation and competition in the PPI ecosystem.

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Labour Laws

NOTICE AND CHECKLIST UNDER POSH ACT FOR ALL GOVT. & NON. GOVT. ORGANIZATIONS, COMPANIES, HOSPITALS, SCHOOLS IN GURUGRAM

The Sexual Harassment of Women at Workplace (Prevention, Prohibition, and Redressal) Act, 2013 (PoSH Act), aims to ensure a safe and inclusive environment for women at the workplace.

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Corporate Laws

SEBI CIRCULAR REGARDING PRO-RATA AND PARI-PASSU RIGHTS OF INVESTORS OF AIFS

SEBI’s circular dated December 13, 2024, introduces key guidelines on pro-rata and pari-passu rights for investors in Alternative Investment Funds (AIFs). T

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Tax Laws

GSTIN ADVISORY FOR ENTRY OF RR NO./ET-RRS IN EWB SYSTEM POST EWB-FOIS INTEGRATION

The Freight Operations Information System (FOIS) of Indian Railways has now been integrated with the E-Way Bill (EWB) system through Application Programming Interfaces (APIs).

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Judicial Insight

SUPREME COURT QUASHES NGT PENALTY: HIGHLIGHTS OF ENVIRONMENTAL COMPLIANCE AND LEGAL PRINCIPLES

Benzo Chem Industrial Pvt. Ltd. (the appellant) faced penalties imposed by the National Green Tribunal (NGT) in 2022 for environmental non-compliance.

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