Day: February 28, 2019

Basic salary for PF include allowances camouflaged to avoid deduction unless employee earned it- SC

Basic salary for PF deduction include allowances unless it is shown that employee had earned the extra amount beyond normal work which was otherwise required of them- SC ABCAUS Case Law Citation:ABCAUS 2807 (2019) (02) SC Important Case Laws Cited/relied upon by the parties Bridge and Roof Co. (India) Ltd. vs. Union of India, (1963) 3 SCR   978,Kichha …

Banning of Unregulated Deposit Schemes-Corrigenda for provisions of RBI/SEBI Act deleted

Banning of Unregulated Deposit Schemes-Deposits by co­operative society from members, attachment of bank accounts/property under SEBI Act deleted The Banning of Unregulated Deposit Schemes Ordinance, 2019 had been promulgated to curb illicit deposits taking activities. The Ordinance bans Deposit Takers from promoting, operating, issuing advertisements or accepting deposits …
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