Understanding the Role of Structured Digital Database (SDD) in Preventing Insider Trading
Insider trading has long been a challenge for regulatory bodies, threatening the integrity and fairness of financial markets. With advancements in technology and evolving regulatory frameworks, the introduction of a Structured Digital Database (SDD) emerges as a robust solution to curb this menace. The SDD not only facilitates stringent compliance with regulatory requirements but also […]
Common Mistakes in SDD Compliance: A Guide for Listed Companies
The Securities and Exchange Board of India (SEBI) has established regulations to create a robust framework. This is aimed at prohibiting insider trading in securities. SEBI’s (Prohibition of Insider Trading) Regulations, 2015, are designed to prevent insiders from communicating Unpublished Price Sensitive Information (UPSI). UPSI refers to any information related, directly or indirectly, to a […]
Minimum Wages in India
The Indian Constitution defines ‘Minimum Wage’ as the income level necessary for both skilled and unskilled workers to maintain a satisfactory standard of living and experience comfort. The minimum wage aims to achieve sustainable continuous growth while ensuring the minimum required level of employment. Its primary objective is to prevent labor exploitation. Minimum Wage in […]
The Chandigarh Minimum Wages Notification effective from 1st October 2023 to 31st March 2024
The average Cost of Living Index number calculated for these six months up to September 2023 is 2116. Compared to the previous quarter ending in March 2023, where the Cost of Living Index stood at 2040 points, there has been an increase of 76 points in the average index.
“Government Notification: Realignment of Jurisdiction under Factories Act in Andhra Pradesh”
The Government of Andhra Pradesh has officially declared the adjustment of jurisdiction in accordance with the new districts under the Factories Act, 1948, in Andhra Pradesh. Under this notification, inspectors are not empowered to make any changes to previous orders without explicit directives from the Director of Factories. However, if an inspector deems it necessary or beneficial to take such action, they may do so only with the explicit approval of the director.
The Government of Tamil Nadu issued Minimum wages notification
Here is a statement providing information on the dearness allowance payable as of 01/04/2024, determined by the average price index of Chennai city for the calendar year 2023, applicable to different scheduled employments under the Minimum Wages Act 1948.
SOP for Processing Joint Declaration for Member Profile updation in EPFO
In the realm of employee benefits management, ensuring accurate and up-to-date member profiles is crucial. A standardized procedure for correcting Unified Account Number (UAN) profiles through Joint Declarations (JD) has been introduced by the Employee Provident Fund Organization (EPFO).
Government of Meghalaya issued Corrigendum regarding compensatory holidays 2024
Government of Meghalaya issued Corrigendum regarding change of compensatory holidays 2024
Rajasthan Industrial Disputes (Amendment) Rules, 2023
The Rajasthan Industrial Disputes (Amendment) Rules, 2023 provides a comprehensive overview of the proposed amendment to the Rajasthan Industrial Disputes Rules, with a focus on the administrative and appointing authorities, as well as the service conditions and seniority of employees in the Labour Court and Industrial Tribunal. The document emphasizes the need for public input by inviting objections or suggestions within a specified timeframe, showcasing a commitment to transparency and stakeholder engagement in the rule-making process.
Karnataka Motor Transport and Other Allied Workers’ Social Security and Welfare Act, 2024
The notification presents a comprehensive framework for the implementation of the Karnataka Motor Transport and Other Allied Workers’ Social Security and Welfare Act, 2024. It encompasses the establishment of governing bodies, procedures for registration and claiming benefits, fund management, and provisions for addressing challenges in implementing the Act. The Act emphasizes the government’s commitment to promoting the well-being and social security of motor transport and allied workers in Karnataka through a structured and welfare-oriented approach.
