bonumlex - law firm in delhi

Apex Chamber of Industry and Commerce of NCT, Delhi Challenges Government Notification for hike in Minimum Wages.

The Delhi Government, by a notification dated 3rd March, 2017, cleared a significant 37% hike in minimum wages of workers in the State. An unskilled labourer will now be entitled to a minimum wage per month of Rs. 13,350/- from the earlier Rs. 9,724/-. Likewise, the minimum wage per month for semi-skilled workers would go […]

bonumlex - law firm in delhi

New MRP Rules under GST notified by Central Government

Maximum Retail Price (“MRP”) is the highest price that can be charged to a consumer by the last point in the supply chain which is inclusive of all taxes. But, post Goods and Services (“GST”) Tax introduced in the country on 1 July 2017, the rate of tax has changed in some commodities, thus, affecting […]

bonumlex - law firm in delhi

Abolition of Foreign Investment Promotion Board

The entry of Foreign Direct Investment (FDI) into the country has hitherto been  regulated by two routes, one by an automatic route and the other, by an approval route which involves an approval by an inter-ministerial body, named as Foreign Investment Promotion Board (FIPB), housed in the Department of Economic Affairs under the Ministry of […]

bonumlex - law firm in delhi

ICDS draft for Real Estate Transactions

The Central Government had notified Income Computation and Disclosure Standards (ICDS) vide notification dated 29th September, 2016 by way of powers conferred under Section 145 (2) of Income Tax Act, 1962. The notified standards have mentioned identification of revenue from construction contracts, sale of goods and providing of services. However there was no standard for […]

bonumlex - law firm in delhi

Embassies to inform Foreign Nationals to be aware of Indian Laws: Delhi High Court

The High Court of Delhi has asked the Ministry of External Affairs to inform the Embassies and High Commissions in Delhi that their citizens should be well aware of the local laws in order to avoid inadvertent violations. The Delhi High Court has directed the Ministry of External Affairs to send a communication to all […]