India: Supreme Court rules universality is the test for allowances as ‘basic wages’

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Significant beneficial ownership filings by listed companies – SEBI extends timelines

On 8 February 2019, the Ministry of Corporate Affairs (MCA) released the Companies (Significant Beneficial Owners) Amendment Rules 2019 (New SBO Rules) to revise and amend the Companies (Significant Beneficial Owners) 2018 (Old SBO Rules). As per the New SBO Rules, the first SBO-related filing is due on 12 May 2019. Vide circular No SEBI/HO/CFD/CMD1/CIR/P/2018/0000000149 […]

Plastic ban on 36 major railway stations

On 22 January 2019, the National Green Tribunal, Principal Bench, New Delhi (NGT) in the case of Saloni Singh & Anr v Union of India & Ors (OA No. 141 of 2014) inter alia, directed the Railway Administration, Ministry of Railways, Government of India (Railway Administration) to develop ‘eco-smart stations’ which would serve as model […]

Licensing structure for defence manufacturing by the MCI

On 1 January 2019, the Ministry of Commerce and Industry (MCI) vide Press Note No.1 of 2019 Series (Press Note 2019) specified the list of defence items under the Industries (Development and Regulation) Act, 1951 (IDRA) and the list of arms and ammunitions requiring license under Form VII of the Arms Act, 1959 (Arms Act), […]

India: Supreme Court upholds NCLAT insolvency judgement ruling

On 11 February 2019, the Supreme Court dismissed the Civil Appeal bearing No. 1484 of 2019 filed by Rai Bahadur Shree Ram and Company Pvt. Ltd. (the shareholder and promoter of Ferro Alloys Corporation Limited) and affirmed the landmark judgment passed by the National Company Law Appellate Tribunal (NCLAT) in the matter of Ferro Alloys […]

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New DWP Guidance tackles GMP equalisation: Speedread

By Chris Crighton The DWP has recently issued new Guidance to help pension trustees and employers navigate the complexities of equalising Guaranteed Minimum Pensions, known as GMPs. This follows the Lloyds Bank judgment in October 2018. This briefing provides: a high-level overview of the DWP Guidance; and key action points for employers and trustees.

Social Housing Monthly Law Update – May 2019

By David Isaacson Highlights of TLT’s monthly law update on all things affecting social housing this month include:  Employment Rights (Miscellaneous Amendments) Regulations 2019 Right to Buy: Guides Court of Appeal agrees to hear case on housing allocation policy and religion Draft legislation: VAT (Reduced Rate) (Energy-Saving Materials) Order 2019 Draft bill to deliver post-Grenfell […]

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