ILB is an initiative of GLC & Partners

Before starting a business, entrepreneurs must be aware of the laws governing the market and business. The following are the legal requirements that required to start a business in India. Registration of a business entity: The first step is deciding the business structure and registering it. Some of the common business entities are Sole Proprietorship,...

Employees’ Deposit-Linked Insurance (Amendment) Scheme, 2021 The Central Government amended the Employees’ Deposit-Linked Insurance (Amendment) Scheme, 1976 by exercising its powers under section 66C read with section 7(1) of the Employees Provident Funds and Miscellaneous Provisions Act, 1952. The changes are as follows: Under paragraph 22(3), the minimum assurance benefit has been fixed as two...

Loans to Directors by a Company is governed by Section 185 of the Companies Act, 2013. This Section deals with prohibitions, relaxations and exemptions relating to lending of loan and providing guarantee and security. It also deals with the penalty for contravention of the provisions of the section. The original Section prohibited the companies from...

The Employee’s Compensation Act, 1923 (“hereinafter referred as the “Act”) was enacted with a view to provide payment in the form of compensation by certain classes of employers to their employees for any injury occurred by accident. Employer’s Liability for Compensation Section 3 of the Act enumerates the employer’s liability. It states if personal injury...

Sexual Harassment at workplace is a grave violation of women’s right to equality, life and personal liberty. It disturbs the dignity and physical wellbeing of women. At macro level, sexual harassment creates hostile work environment and discourages participation of women and thereby severely hampering social and economic empowerment.  The Parliament enacted The Sexual Harassment of...