An Analysis on the Prevention of Sexual Harassment ACT, 2013

 In line with the  Finance Act, 2023  and recent advisories issued by  GSTN/CBIC , the following major changes will come into force from the  July 2025 tax period  (i.e., returns due in  August 2025 ): GSTR-3B to Become Non-Editable Starting July 2025,  GSTR-3B will be fully auto-populated and non-editable . Taxpayers will  no longer  be permitted to manually alter tax liabilities or input figures. Any corrections to outward supplies must be made through  GSTR-1A , prior to filing GSTR-3B. Once GSTR-3B is submitted,  no further changes will be allowed  under any circumstances. This move is aimed at  ensuring strict reconciliation  between GSTR-1 and GSTR-3B data, thereby enhancing transparency and reducing discrepancies. 3-Year Time Limit for Filing Returns Effective  July 1, 2025 , the GST portal will  restrict the filing of returns that are more than 3 years past their original due da...

  What is IREDA? Indian Renewable Energy Development Agency Limited (IREDA) is a ‘Navratna’ Government of India Enterprise under the administrative control of the Ministry of New and Renewable Energy (MNRE). IREDA is based in New Delhi, operating nationwide. Its mission is to pioneer financing for renewable energy and energy efficiency projects, under its motto, “ENERGY FOR EVER”. It’s the backbone of green financing in India, enabling affordable funding for clean-energy projects across the country. What is Section 54EC of the Income Tax Act, 1961? The Section offers capital gains tax exemption when long-term gains from the sale of land or building are reinvested in notified bonds within 6 months of the sale. You may invest your long-term capital gains into specified bonds issued by: REC (Rural Electrification Corporation) PFC (Power Finance Corporation) IRFC (Indian Railways Finance Corporation) NHAI (National Highways Authority of India) Additionally, new issuers can be Governmen...

 The Competition (Amendment) Act, 2023 marks a significant milestone in the evolution of India’s competition law framework. Enacted to address the challenges of a rapidly transforming market, especially in the digital economy, the amendment seeks to enhance regulatory efficiency, promote fair competition and align domestic practices with global standards. From introducing a deal value threshold for mergers and acquisitions to empowering the Competition Commission of India (CCI) with stronger investigative tools, the Act aims to streamline enforcement, close legal loopholes and ensure timely resolution of anti-competitive practices.  Driving Market Fairness and Efficiency: Objectives of the 2023 Competition Law Amendments Significant Growth of Indian Markets and Evolving Business Models Over the past decade, India has witnessed rapid economic expansion, digital transformation and a surge in startup activity. Traditional business models have evolved dramatically, w...

In a recent SEBI’s interpretative letter dated 03.04.2025 addressed to DCB Bank Ltd. The SEBI has provided crucial clarity on the designation a hierarchical placement of Compliance Officer in Listed Companies under Reg 6 (1) of SEBI(LODR), Regulation, 2015. Background DCB bank approached SEBI through a formal request dated 09.01.2025, seeking informal guidelines on whether its current compliance officer, Ms. Rubi Chaturvedi who holds a position five level below to Board of Directors and report to the MD & CEO- meets the revised criteria under amended LODR. SEBI Interpretation SEBI clarified that under the amended proviso to Regulation 6 (1), the Compliance Officer must be: Positioned One level below the Board of Directors i.e. directly below the MD or Whole Time Director. The Positioned is necessary to ensure greater without and access to decision making at the board level, enabling the Compliance Officer to effectively discharge their regulatory and governance responsibilities. Ke...

Introduction to BIS Certification in India As India strengthens its regulatory framework to prioritize product safety, quality and consumer protection, the Bureau of Indian Standards (BIS) plays a central role in shaping market access rules, particularly for imports. A key development is the forthcoming Omnibus Technical Regulation, effective September 1, 2026, which significantly expands the range of products requiring mandatory BIS certification. This regulation is part of a broader government strategy to align domestic practices with global standards, enhance industrial safety and ensure consumer confidence in both imported and locally manufactured goods. BIS operates under the Ministry of Consumer Affairs, Food and Public Distribution and serves as India’s national standards body. Under the BIS Act of 2016, all products manufactured, sold, distributed or imported into India must conform to specific safety and quality standards. Non-compliance can lead to legal penalties and import ...

 Recently, the MCA has officially notified the Companies (Accounts) Second Amendment Rules, 2025, which bring about important updates to statutory disclosures and digital compliance obligations under the Companies Act, 2013. Purpose of the Amendment- The MCA introduced such an amendment to reflect the government’s ongoing efforts to increase accountability, digitize statutory filings and promote a safer and more inclusive work environment. The objectives behind the Companies (Accounts) Second Amendment Rules, 2025 are multifaceted Enhancing transparency by digitizing key statutory disclosures. Upholding accountability by mandating disclosures on workplace conduct and employee rights. Promoting gender inclusivity through a focus on sexual harassment and maternity benefit compliance. Ensuring better governance by tightening corporate reporting practices and workplace ethics. Filing of Extracts of Board Report and Auditors Report The new amendment also brings in a requirement to ...