There has been a lot of noise about the New Wage Code that has come into effect a few weeks ago. We have tried to simpliciter provide a map to decipher the New Wage Code and our thoughts are distilled into this Code of Wages - ALA Outlook. We would be happy to receive feedback … Continue reading New Wage Code: Simpler or Wider
The ECB Circular attempts to overhaul the nature of uses for which borrowers may adopt the ECB route and therefore, avail debt funding from foreign lenders. The relaxation in permitted end uses via the ECB Circular conveys the RBI’s intent to liberalise external debt funding opportunities for Indian entities thereby reducing their dependence on equity based funding.
The GDPR Regulations, have now made sure that any organization under whose surveillance such a breach takes place is held liable for such breach. This in turn leads to all organizations around the world, be it Google, Yahoo, Facebook or Instagram to update their privacy policies and make them severer and more difficult to violate. GDPR has further provided for the maximum penalties which would be levied if such GDPR is breached by an organization. The maximum fine levied on such an organization is a fine up to 4% of their annual global turnover or € 20 million, whichever is higher.
Background to Apex Court Ruling Recently, the Supreme Court of India (“Apex Court”) has clarified the principle of special allowances in the case of The Regional Provident Fund Commissioner (II) West Bengal Vs Vivekananda Vidyamandir & Others in Civil Appeal No. 6221 of 2011 by interpreting and having a conjoint reading of “basic wage” under … Continue reading Provident Fund Laws: Clarification on Special Allowances – Turbulence in Industry
Our Client: Evriksh Healthcare Private Limited ("Medlabz") Deal Summary: Medlife International Private Limited has acquired ‘Medlabz’, a Mumbai-based digital healthcare platform and ‘diagnostics at home’ service provider. By way of this acquisition, Medlife seeks to foray deeper into the diagnostics segment and thereunder, strengthen its business of wholesale and retail sale of pharmaceutical products, tele-consultation, … Continue reading Medlife acquires Mumbai-based Medlabz