ESIC Covid-19 Relief Scheme – The family of the deceased employee will get a minimum pension of Rs. 1800, notification issued – Indiatv.in

Centre may separate EPF, pension accounts – Live Mint

Notification regarding Providing the concessional rate of SGST on Covid-19 Relief supplies up to 30 Sep 2021 under APGST Act, 2017 ( Notification dated – 18.06.2021) – Govt. of Andhra Pradesh

• This notification shall remain force upto 30th September, 2021.

Notification regarding Andhra Pradesh Goods and Services Tax Rates of various services recommended by 44th GST Council Meeting ( Notification dated 18.06.2021) – Govt. of Andhra Pradesh

•  Amendment: ” provided that during the period beginning from the 14th June, 2021 and ending with the 30th September, 2021, the State tax on services of description as specified in clause (f), shall, irrespective of rate specified in column (4, be levied at the rate of 2. Per cent.”

Amended notification of the Companies (Creation and Maintenance of databank of Independent Directors) Amendment Rules, 2021 (Notification dated – 18.06.2021) – MCA

• This notification has come into effect from 18.06.2021.
• In the Companies (Creation and Maintenance of databank of Independent Directors) Rules, 2019, in rule 3,-
• In sub-rule (7), in clause (a), after the words “for inclusion”, the words “or renewal” shall be inserted;
• after sub-rule (7), before explanation, the following sub-rule shall be inserted, namely:-

“(8) In case of delay on the part of an individual in applying to the institute under sub-rule (7) for inclusion of his name in the data bank or in case of delay in filing an application for renewal thereof, the institute shall allow such inclusion or renewal, as the case may be, under rule 6 of the Companies (Appointment and Qualification of Directors) Rules, 2014 after charging a further fees of one thousand rupees on account of such delay.”

Assam eases Covid curbs in 8 districts, issue new guidelines. Details here – Live Mint

COVID19

 Order regarding extension of Covid Curfew from 22.06.2021 to 29.06.2021 (Hindi version) (order dated – 20.06.2021) – Govt. of Uttarakhand

COVID19

Order regarding extension of lockdown till 30.06.2021 with guidelines (Order dated – 16.06.2021) – Govt. of Nagaland

•    The existing guidelines shall remain in force till 30.06.2021 and additional provisions mentioned below
• There shall be a total ban on the movements of individual/vehicles from 4Pm to 5 AM every day, across the state except for reasons/purposes and for those who are permitted to move as per the existing lock down measures.
• The district task force based on local conditions may take additional stricter measures in respective districts and areas.

COVID19

Order regarding extension of lockdown with restriction and Prohibitions from 21.06.2021 to 28.06.2021 in North Goa (Order dated – 20.06.2021) – Govt. of Goa

• The following activities /establishment/facilities/events shall remain closed:
• Casinos, bars, restaurants, (however restaurants kitchens will be allowed to provide home delivery/takeaways).
• Sports complex/auditoriums, community halls or similar places.
• Gyms/spas/massage parlours/saloon.
• Cinema halls, theatres, multiplexes and weekly markets.
• Following activities are prohibited:
• Social, political, sports entertainment and other congregations.
• Gathering of five more person at public places.
• The following shall be some exceptions:
• Shops selling medicines/drugs and related activites.
• Shops may remain open from7AM to 3Pm.
• ATMS and customs clearances.
• All medical and health services/institutions.
• All Industries /factories and related activities.
• All construction related activities.
• Print electronic media, telecom service providers.
• The following advisory is issued for strict compliances:
• All non-government employers are advised to actively plan for and promote work from home for The employees working in their shops/establishments/factories and physical presence should be sought only if essential.
• All employers should enforce staggered timings of arrival and departure of employees and all Covid appropriate behaviour/norms should be enforced at eh workplaces.
• All employers are advised to ensure that employee with symptoms like cold cough fever or short of breath are to remain home and take appropriate medical care.

COVID19

Order regarding extension of lockdown with restriction and Prohibitions from 21.06.2021 to 28.06.2021 in South Goa (Order dated – 20.06.2021) – Govt. of Goa

• The following activities /establishment/facilities/events shall remain closed:
• Casinos, bars, restaurants, (however restaurants kitchens will be allowed to provide home delivery/takeaways).
• Sports complex/auditoriums, community halls or similar places.
• Gyms/spas/massage parlours/saloon.
• Cinema halls, theatres, multiplexes and weekly markets.
• Following activities are prohibited:
• Social, political, sports entertainment and other congregations.
• Gathering of five more person at public places.
• The following shall be some exceptions:
• Shops selling medicines/drugs and related activites.
• Shops may remain open from7AM to 3Pm.
• ATMS and customs clearances.
• All medical and health services/institutions.
• All Industries /factories and related activities.
• All construction related activities.
• Print electronic media, telecom service providers.
• The following advisory is issued for strict compliances:
• All non-government employers are advised to actively plan for and promote work from home for th employees working in their shops/establishments/factories and physical presence should be sought only if essential.
• All employers should enforce staggered timings of arrival and departure of employees and all Covid appropriate behaviour/norms should be enforced at eh workplaces.
• All employers are advised to ensure that employee with symptoms like cold cough fever or short of breath are to remain home and take appropriate medical care.

COVID19

Notification dated 15th June 2021 Regarding Providing Financial assistance to the dependents of deceased workers (Hindi version) – Govt. of Haryana

 Order dated 18th June 2021 regarding Revised minimum rates of wages in Scheduled Employments under the Minimum Wages Act, 1948 – Govt. of NCT of Delhi

 Draft Notification dated 15th June 2021 regarding Punjab Contract Labour (Regulation and Abolition) (Amendment) Rules, 2021 – Govt. of Punjab

•       In the Punjab Contract Labour (Regulation and Abolition) Rules, 1973, for rule 78 Registers and Records to be maintained, the following shall be substituted.
• (a) Register of Muster Roll, Fines, Damages and losses, Over-Time, Wages and Advances under these rules shall be such as may be prescribed under the Minimum Wages Act, 1948 and the rules made there under;
• (b)Every contractor shall, where the wage period is one week or more, issue wage slips in Form XIX, to the worker at least a day prior to disbursement of wages;
•    (c) Payment shall be made in manner prescribed under the Payment of Wages Act, 1936 and the rules made there under.

Circular dated 18^th June 2021 regarding Framework   for   administration   and supervision   of   Investment Advisers under the SEBI (Investment Advisers) Regulations, 2013 – SEBI

• As per Regulation 14 of the SEBI (Investment Advisers) Regulations 2013 (“IA Regulations”), SEBI may inter-alia recognize any body or body corporate for the purpose of regulating Investment Advisers (“IA”) and delegate administration and supervision of the IAs on such terms and conditions as may be specified. Accordingly, an entity granted recognition under the aforesaid Regulation shall be designated as “Investment Adviser Administration and Supervisory Body” (“IAASB”) and shall be entrusted with the administration and supervision of IAs.

• The Board of the IAASB shall, at all times, be chaired by a Public Interest Director and shall also have, at all times, a Director who will bring investor perspective.

•  SEBI shall continue to concurrently administer and supervise all registered IAs and IAASB shall be subject to periodic inspection by SEBI.

Notification dated 18^th June 2021 regarding the Companies (Indian Accounting Standards) Amendment Rules, 2021 –Ministry of Corporate Affairs

• This has been come into force from 18th June 2021.
• In the Companies (Indian Accounting Standards) Rules, 2015, in the Annexure‖, under the heading “B” Indian Accounting Standards (Ind AS).
• Indian Accounting Standard (Ind AS) 101:‖In Appendix B‖(i) in paragraph B1, for item (d), the following shall be substituted, namely: (d) classification and measurement of financial instruments (paragraphs B8-B8C); (ii) for heading before paragraph B8, the following shall be substituted.
• In Indian Accounting Standard (Ind AS) 102: after paragraph 63D, the following shall be inserted:

“63E Amendments to References to the Conceptual Framework in Ind AS issued in 2021 amended the footnote to the definition of an equity instrument in Appendix A. An entity shall apply that amendment for annual periods beginning on or after 1 April, 2021. An entity shall apply the amendment to Ind AS 102 retrospectively, in accordance with Ind AS 8, Accounting Policies, Changes in Accounting Estimates and Errors. However, if an entity determines that retrospective application would be impracticable or would involve undue cost or effort, it shall apply the amendment to Ind AS 102 by reference to paragraphs 23–28, 50–53 and 54F of Ind AS 8”.