When it comes to generating jobs, expanding commerce, fostering entrepreneurship, and raising export revenues, MSMEs are a nation's economic backbone. To widen the scope of Information technology, the Ministry of MSME has been actively working towards ways to facilitate MSMEs and assist them through all the stages in the business cycle. For ease of doing business, the Ministry has launched a robust Information and Communications Technology (ICT) based Internet Grievances Monitoring System portal called ‘Champions’
LawWiser makes many different MSME topics like the MSME Sustainable (ZED) Certification Scheme, Limited Liability Partnership (Second Amendment) Rules, 2022 (LLP Rules), and the key role of E-commerce in MSME and covers various laws that impact day to day functioning of the sector.
To watch all about the latest legal updates and to enhance your legal knowledge, scroll through this section on LawWiser. For your understanding, our professionals present information that is interesting and simplifies difficult rules.
The Ministry of Electronics and Information Technology (MEITY) has issued a draft amendment to the Information Technology (IT) rules, 2021. The MEITY has said that the amendment is aimed at curbing the spread of fake news and misinformation. Tune into #LawWiser premium on “MEITY issues
Welcome to the second part of the video on- MSME Sustainable (ZED) Certification schemeIf you haven’t watched the first part you can access it in the description box below.In the second part watch – Subsidy on the cost of certification, certification process, surveillance and renewal
The Ministry of Corporate Affairs (MCA) notified the Limited Liability Partnership (Second Amendment) Rules, 2022 (LLP Rules).As per the current reports, the amendments are divided into few segments which are listed below:- Allotment of the new name to existing LLP Increase in Allotment of Number
On February 20, 2020, the Ministry of Environment, Forest and Climate Change (MoEFCC) published the draft Battery Waste Management Rules, 2020, which will supersede the Batteries (Management and Handling) Rules, 2001. Tune into #LawWiser premium video on “Glimpse of Draft Battery Waste Management Rules 2020”
Recently the Ministry of Power has issued some guidelines for the procurement of utilization of battery energy storage systems (BESS). The Ministry has established procurement and usage rules for battery energy storage systems as part of a slew of renewable-energy generating projects. It also seeks to stabilize power supply, boost total
Watch Sanjana Aravamudhan, Associate consultant at Dua Consulting in this video takes us through the regulatory ecosystem surrounding the protection of patient privacy in tele medicine. She starts by explaining privacy under the intermediary rules where she also talks about the Intermediary guidelines. While talking
Watch Sanjana Aravamudhan, Associate consultant at Dua Consulting where she talks about the schemes introduced by the government to facilitate innovation for MSMEs. The objective of this is to bring Indian manufacturing sector and Design expertise/ Design fraternity on to a common platform. It aims
PUBLIC PROCUREMENT POLICY FOR MSEsLet us begin by understanding the public procurement policy that applies to MSEs in general. The Public Procurement Policy for MSEs Order, 2018 has been effective from 1st April 2019.Under this policy:– Every Central Ministry /Department / PSUs shall set an
Towards realizing the government’s mission to make domestic manufacturing globally competitive, attract investments, enhance exports, and make India an integral part of the global supply chain, Production Linked Incentive (PLI) Schemes were announced by the Government (GOI). These PLI Schemes accompany the efforts undertaken by
To encourage investment, research & innovation, to enable the sector to develop futuristic products and ideas, the Government has released announced 3 new schemes for MSMEs in the Pharma Sector. The aim is to strengthen the MSMEs in the Pharma sector by providing support in
The Electricity Amendments Bill 2021 aims to revive the sector while focusing on the 4 Cs—customer, competition, compliance and climate. New rules were published by the Ministry of Power to ensure the sector’s economic viability, reducing financial stress among numerous stakeholders. Renewable energy projects, such
The entrepreneurial and managerial development of SMEs through incubators scheme comes under the Ministry of Micro, Small and Medium Enterprises of the Government of India.The main aim of the scheme is to support innovators and further facilitate funding for all the business incubators.Watch LawWiser video
Niti Aayog has released a draft battery swapping policy, which proposes and talks about incentives to be provided to Electric vehicles. It includes a wide range of incentives ranging from swappable batteries to setting standards for interoperable batteries. It is a mechanism where discharged batteries
The micro, small, and medium enterprises development act of 2006 (MSMED) is a single comprehensive act for the development and regulation of micro, small and medium enterprises (MSME). Tune into the LawWiser premium video on “Obligations for MSME and Qualifying Criteria” by Ojasvi Dhamija. In
The Ministry of Environment, Forest and Climate Change, Government of India, has notified the Plastic Waste Management Amendment Rules, 2021. Pollution caused by single-use plastic objects has become a major environmental issue that all countries are grappling with. India has pledged to take steps to
The Electricity Amendment Bill 2021 aims to revive the sector while focusing on the 4 Cs—customer, competition, compliance and climate. New rules were published by the Ministry of Power to ensure the sector’s economic viability, reducing financial stress among numerous stakeholders. Renewable energy projects, such
The ECLGS aims to provide 100 percent guaranteed coverage to the banks, non-banking financial institutions (NBFC’s), and other lending institutions to enable them to extend emergency credit. Over time it has evolved into three different versions ECLGS 1.0, ECLGS 2.0 and ECLGS 3.0. Tune into
Is it mandatory for MSMEs to get register under the Micro, Small and Medium Enterprises Development Act, 2006? Watch LawWiser video on Mandatory Registration for MSME with Avani Shukla, Lawyer & Growth and collaborations at lawWiser. She helps us understand this with the help of
The Reserve Bank of India has instructed all the regular entities lending to the microfinance sector to ensure that the loans are collateral-free and not protected by a lien on the borrower’s deposit account. Tune into the #LawWiser premium video on “RBI Directions for Microfinance
MSMEs working in the food processing unit are required to comply with certain requirements as given under the Food safety and standards act. Watch LawWiser video on Compliances for MSMEs – Food Processing with Avani Shukla, Lawyer & Growth and collaborations at lawWiser. In this
Recently there were two main amendments made in the Food Safety and Standard (Food Products Standards and Food Additives) Regulations. The Food Safety and Standards Authority of India (FSSAI) has issued the Draft Food Safety and Standards (Food Products Standards and Food Additives) Amendment Regulations,
In India, on an average approx. 12 billion new vehicles are added annually that spew noxious pollutants and at the same time huge number of automobiles are becoming old which further accelerates the growth of pollution. One of the major highlights of Union Budget 2021-2022
We have often heard terms like MSME and SME around us. But do we understand what is the meaning of these terms appropriately? Watch LawWiser video on Understanding MSME and SMEs with Avani Shukla, Lawyer & Growth and collaborations at lawWiser. In this video, Avani
The Ministry of MSME has released a draft of the National Policy for Micro, Small and Medium Enterprises (MSMEs) in India, which is expected to bring competitiveness, technical advancement, infrastructural development and specialized finance aid. Watch #LawWiser premium video on “8 action areas in MSME
Factoring is a transaction in which one entity, known as the factor, has its receivables paid by another business, the transferor. Tune into #LawWiserPremium on “What is Factoring and the benefits of Factoring Regulation (Amendment) Act 2021″ where Prabhjot Singh enlightens us about Factoring amendment
The Haryana State Employment of Local Candidates Act, 2020 (the “Act”) and the Haryana State Employment of Local Candidates Rules, 2021 (the “Rules”), imposed a 75 percent reservation requirement in employment for local candidates (i.e., candidates domiciled in the State of Haryana) earning INR 30,000
The Indian logistics sector employs more than 22 million people, and upgrading the sector will result in a 10% reduction in indirect logistics costs, resulting in a 5 to 8% increase in exports. The proposed National Logistics Policy (NLP) aims to streamline and develop India’s
The Ministry of Micro, Small and Medium Enterprises has notified the Micro, Small and Medium Enterprises (Amendment) Rules, 2022 to further amend the Micro, Small and Medium Enterprises Fund Rules, 2016. Watch #LawWiser Premium on “MSME Amendment Rules, 2022” featuring Prabhjot Singh sharing useful insights
There’s a lot of buzz about getting into an accelerator/ incubator program in the startup ecosystem. It is critical for the startups to get all the help especially at the beginning. We got you covered in #LawWiser‘s latest Fireside Chat on Startups & Incubators with
It won’t be wrong to refer to this sector as the backbone of the country, one which the government has worked towards strengthening. Especially with the advent of the Atma Nirbhar Bharat Abhiyan or the Self-Reliant India Scheme of 2020 by the Government of India,
The share of MSMEs in GDP has not only remained high but has increased over the years. But MSMEs are not only contributing to the GDP kitty, they have become big partners of India’s export growth, with a 48% share in 2018-19. Post-covid many policies
The medical devices sector has been receiving a lot of impetus for promoting its domestic manufacturing. For this, the government of India has released various schemes. Watch all the details on these schemes in #LawWiser video on MSME in the Medical Devices Sector with Neeraj
Major segments of the pharma industry in which MSMEs can make a mark are generic drugs, OTC medicines, and APIs, bulk drugs, vaccines, contract research, biosimilars and biologics. The Department of Pharmaceuticals aims to make India a leader in end-to-end drug production. All medical devices
We all are aware of the role of MSMEs in shaping the Indian economy and now they also have various opportunities to tap globally. The Government of India has been consistently working with various countries such UK, Japan, Australia, the UAE, the European Union and
The government has been taking several initiatives to accelerate e-commerce in India and to digitize the entire MSME ecosystem. MSMEs are encouraged to market and sell their goods and products on e-commerce websites, including on Government e-Marketplace, on which procurement of goods and services is
The Micro Small and Medium Enterprises Act, 2006 (MSMED Act) has been enacted for the growth and regulations of micro, small and medium enterprises (MSME) in India. It aims to facilitate the promotion, development and enhance the competitiveness of MSMEs. The act also provides for
The MSME sector is well catered for in all aspects of law and tax in India. In the Union Budget of 2022-23, the Finance Minister announced that the surety bonds will now be made acceptable in government procurements as a substitute for bank guarantees.
The government of India adopted a series of measures to improve the economic situation including major reforms undertaken under the Atmanirbhar package to include Credit Guarantee for MSME loans, sectoral structural reforms, reduction in compliance burden and single window systems for clearances. To boost the
Talking about investments in this sector, as per the statistics shared by the Ministry of Commerce and Industry, India has registered the highest ever annual FDI inflows of USD 81.97 billion in 2020-2021. Furthermore, from April 2000 to March 2020, the Cumulative Foreign Direct Investment
The Micro, Small and Medium Enterprises (“MSMEs”) form the foundation of India’s economy and are integral for the growth of employment, entrepreneurship and production in India. The functioning of the MSMEs in India is under the control of the Ministry of Micro, Small and Medium
The Micro, Small and Medium Enterprises (“MSMEs”) form the foundation of India’s economy and are integral for the growth of employment, entrepreneurship and production in India. The functioning of the MSMEs in India is under the control of the Ministry of Micro, Small and Medium
Section 148 of the Income Tax Act, has been amended along with the insertion of new Section 148A by the Finance Act, 2021. With this, the process of reassessment has been revised and now the Assessing Officer has to comply with the provisions of Section
There has been an increasing interest of global investors in Indian Startups. The startups are also playing a vital role in the economic growth of the country. The Government is also providing incentive schemes for start-ups to motivate more entrepreneurs. Watch Now LawWiser’s explainer on
The aim of the Indian legislature has been to streamline the process but not make it cumbersome. For the set-up of a Manufacturing factory in India, a manufacturer is required to obtain pre-construction approvals from various government authorities. The requirements may vary from state to
The Factory Act, 1948, was introduced to protect the workers and to ensure that the owner is providing a healthy environment. As per the Factory Act 1948, every factory owner must register their premises with the local authorities before commencing their business. Factory License acts
Tune in to watch the LawWiser video on National Manufacturing Competitiveness Program by Ramanpreet Singh Sidhu, Associate, Athena Legal. In this video Ramanpreet explains this program and details of various schemes that are offered under this for MSMEs. National Manufacturing Competitiveness Program (NMCP) was introduced
Watch now #LawWiser premium video on “Proposed Tokenisation of Cards by the RBI” featuring Gaurav Bhalla, Partner at Ahlawat and Associates sharing useful insights on RBI card tokenisation. Gaurav explains the background, how tokenisation works, types of tokenisation, applicability, effects and much more in this
Certain prominent changes associated with Input Tax Credit (ITC) under GST have been proposed in the Union budget 2022. Tune into #LawWiser’s explainer on “Input Tax Credit (ITC) in GST” featuring Himanshu Goel, Partner, TR Chadha & Co LLP. A retrospective amendment has been proposed
The #unionbudget2022-23 has created a lot of buzz around. There have been many initiatives and incentives for various sectors and industries. Tune into #Lawwiser‘s panel discussion on “Decoding the #UnionBudget 2022″ Watch our host in conversation with Rahul Verma, Sr Director, Cipla; Abhishek Saxena, Co-founding
Tune into #Lawwiser quick update on “BUDGET 2022-23-Key Highlights” Watch this update and, stay tuned till the end as we ask an interesting question related to it. The finance minister, Ms Nirmala Sitharaman, has announced the Budget 2022. Some significant changes are:- MSME and startups
#Watchnow LawWiser’s #Explainer where Ritika Ganju, Partner, Phoenix Legal, takes us through the “Cosmetic Rules, 2020”. Cosmetics although a substantial industry has been regulated thus far alongside drugs under the provisions of the Drugs and Cosmetic Act, 1940. With a huge range of international brands
There have been amendments to e-commerce laws, such as the Consumer Protection (e-commerce) rules 2020. However, the MSME sector based on issues faced by them have raised queries on these new provisions. Tune into the latest video where #LawWiser takes you through the #QuickByte on
The Ministry of Chemicals and Fertilizers has announced that 55 pharmaceutical companies are likely to get benefitted from the Production-Linked Incentive scheme for pharmaceuticals which is part of the government’s flagship Atmanirbhar Bharat Plan. This scheme will help in enhancing India’s manufacturing capabilities and exports
China has experienced mass evacuation of foreign companies due to A mixture of longstanding issues and new challenges. It includes high tariffs, Covid-19, and increased geopolitical tensions. Moreover, the pace of companies leaving China is accelerating, causing a “ripple effect”. Tune into this latest video
Notably, India has seen imperative growth in the employment sector mainly because of MSME. If we go with statistics, there are 63.05 million micro industries, 0.33 million small enterprises, and nearly 5,000 medium enterprises. Tune into the latest video where #LawWiser takes you through the
With advancements in technology and challenges posed by the pandemic, many laws have been revisited for adaptability and effective implementation. One such direction focuses on labour protection and creating flexibility in the market to ease business. Watch # LawWiser latest #Inconversation video on “Exploring changes
LawWiser Tune into the latest video where LawWiser takes you through the updates related to “SC On Changes In Policy Terms” and “Government On PIL Linked Scheme”. Watch Prabhjot Singh sharing the update on the policy changes wherein the Supreme Court has held that an
The Ministry of Textiles notified the uniform goods and services tax (GST) rate on MMF, MMF yarn, MMF fabrics, and apparel. These Changed tax rates will come into effect from January 1, 2022. Currently, the tax rate on MMF, MMF yarn, and MMF fabrics is
Recently, the government has proposed National Employment Policy, which focuses on amplifying the opportunities in specific sectors by encouraging investment. Tune into this video, where Prabhjot Singh takes you through the update “Sector-specific job targets in National Employment Policy.”
#Watch our latest video on LawWiser about the tie up between EESL & MSME. The State-owned EESL (Energy Efficiency Services Limited) has collaborated with the Global Environmental Facility (GEF), MSME ministry, and the United Nations Industrial Development Organization (UNIDO) to implement a national project for
We often hear products like Belgian Chocolates, Nagpur Oranges, Kolhapuri Chappals, etc. But do you wonder why they are named in a certain way representing a particular geographical area? Watch our Latest video on ‘Geographical Indications- Understanding the Basics’ where Sania Husaini and Avani Shukla
Watch Now LawWiser’s latest video on ‘The GST Puzzle: Intermediary & Services’ featuring Jatin Arora – Partner, Phoenix Legal, in conversation with our host Sania Husaini where he talks on what GST law says about Intermediary and services. He helps you understand what an intermediary
Patent applications in biotechnology are growing more than ever! Biotechnology involves technical applications of different kinds of biological processes in microorganisms, animals, and plants which can be harnessed for several useful applications. Due to the pandemic, the patent applications in biotechnology have increased by 6.3%
Watch our new U-special video on Defective Products and Liability of E-Commerce Platform by Nidhi, a alumni of the Faculty of Law, Jamia Milia Islamia University. Tune to watch as Nidhi explains the concept of Defective products and liability of e-commerce. She discussed inclusion of
Today’s topic is one of the most trending and important topics over 2 years – Hoarding and Black Marketing of COVID Vaccine and Live Saving Drugs. Mohsin khan is an Alumnus of Faculty of law, Jamia Millia Islamia. He has a keen Interest in Tax
#Watchnow #Inaminute video where Jatin Arora, Partner, Phoenix Legal takes us through this GST Council update in relation to e-commerce operators. GST Updates 2021 – In the 45th GST Council meeting, it was decided to shift the burden of tax on the restaurant services to
The Karnataka government has decided to impose a ban on online gambling or betting. However, lottery and horse racing have not been prohibited. These amendments will be made to the Karnataka Police Act, 1963. The draft of the Karnataka Police (Amendment) Bill, 2021, is yet
Production Linked Incentive is also commonly known as PLI scheme. This PLI scheme offers incentives on incremental sales from items produced in India over the base year. Apart from scaling up local production, the scheme also seeks to curb cheaper imports and reduce import bills.
Watch our new Lawwiser video on ‘Distressed Mergers and Acquisitions’ with our host Lavanya Behl #inconversation with Jayesh H, Founding Partner, Juris Corp. Distressed acquisitions have always been part of the M&A arena in India. Such acquisitions require lot of research, due diligence and proper
Watch this engaging video on ” Mitigating risks of cybersecurity issues in M&A transactions” where Sonali Singh, Senior Manager- Legal at Cognizant Technology Solution, takes us through the benefits, process, and need for the incorporation of cybersecurity in M&A transactions.
Intellectual Property is the product of a person’s intellect that gives exclusive rights to its creator. With the growth of the Internet and digitalization, Intellectual Property infringement and theft have emerged as major issues globally. Intellectual Property infringement for an instance generally refers to unauthorized
Watch this video of U-Special on Abuse of Dominant Position in India LawWiser in collaboration with Jamia Milia Islamia featuring, Aamin Bint Khurshid, student at Faculty of Law, Jamia Millia Islamia. #TuneIn to this video to get a quick and crisp overview of the subject.
Watch this video with LawWiser as Vineet Bose, Senior VP – Legal And General Counsel, Nuvoco Vistas Group, takes us through the important aspects of the Electricity (Rights Of Consumers) Rules, 2020. In this video Vineet has discussed the changes in the legal landscape with
Watch this interesting conversation focusing on The Conundrum of Compliance featuring Parvez Memon, Senior Partner, MZM Legal, and Saloni Tuteja, Director – Legal (South Asia), Zimmer Biomet. For the success of any business, having a robust compliance mechanism is very crucial. This discussion helps us
Section 69 A of the Information and Technology Act, 2000 empowers the Central Government to issue directions to block public access to any information through any computer source. When the Central Government or any officer specially authorized by it is satisfied that it is necessary
Watch this video from #Quickbytes on Anti Dumping Duties. Dumping is that situation in which prices of goods are lowered excessively and then sold in the importing Country; such that it is harmful for the domestic Industry. This is a short explainer that covers what
Recently the Registration of Medical Devices is introduced with licensing through simple e-based process. It will also increase the ambit of medical devices which come under regulatory control. This will further affect the implications and procedure related to licensing and Registration of Medical Devices. The
An ordinance has recently been promulgated for allowing the use of pre-packs as an insolvency resolution mechanism for Micro, Small and Medium Enterprises (MSMEs). The defaults threshold is up to Rs 1 crore, under the Insolvency and Bankruptcy Code. This system of insolvency proceedings is
Watch this video where Mr. Mukund P Unny talks about Pre-pack insolvency. He touches upon various important points right from the basics. It’s a newly announced policy and the effect of it is yet to be seen. In light of that, he analyses the impact
This time around we trace the journey of an Insolvency Resolution plan to successfully revive an insolvent company. In the absence of such a plan, the company may be doomed to liquidation. #Watchnow for a quick yet detailed explanation of the entire Corporate Insolvency Resolution
#QuickBytes by #LawWiser is a series in which we break down complicated concepts making them super easy to understand! In this episode, featuring Srirupa Nag of LawWiser, we talk about the Corporate Insolvency Resolution Process (CIRP). We answer important questions like: -What is it? -Who
The Labour laws have been consolidated into 4 Codes and this video focuses on one of the – Code on Wages, 2019. As part of LawWiser’s Expert #Explainer series, Rajendra Mishra, General Counsel, IHCL helps us understand this new Code on Wages that has subsumed
Statistically, India is one of the largest producers of waste across the globe. Hence, waste management is a big concern in the country! Watch Shujath Ali, General Counsel & Chief Compliance Officer, Ramky Enviro Engineers Ltd, decoding the regulation and issues revolving around waste management
Are we doing enough for the environment? While we need continuous and effective efforts to protect and safeguard the environment, the legislation plays an important role to ensure these efforts are implemented properly. LawWiser #InConversation with Shujath Ali, General Counsel, and Chief Compliance Officer, Ramky
Medical devices have been used to treat and diagnose disease since antiquity. The regulations in medical devices has developed much more slowly than that of medicines, which commenced in the late 1960s. The Indian law that regulates the quality and safety of medical devices has
India has seen a proliferation of startups in the Electric Vehicle (EV) space in the past few years on the back of the government’s vision for 2030, improving charging infrastructure and reducing carbon emissions apart from increased investor’s’ interest. LawWiser brings discussion on “Steering through
The Government of India has banned many Chinese mobile applications, on the ground that they pose threat to the country’s “sovereignty and security”. The popular ones include top social media platforms such as TikTok, WeChat, Helo, Wework, and PUBG among others. LawWiser in conversation with
Intellectual Property has always been the most crucial and important point of discussion for every Startup. IP Protection is equally important like protecting yourself from any dispute. LawWiser brings you a Conversation between: Mahavir Pratap Sharma, Chairman – TiE, Siddharth Mahajan, Partner – Athena Legal, In the series
Law is the most crucial need for every startup. LawWiser brings you an exclusive Legal advice for startups with a conversation between: Mahavir Pratap Sharma, Chairman – TiE Avimukt Dar, Partner – Induslaw, and Aman Abbas, Founder – LawWiser In the series – “How to
As we head towards easing of lockdown, SME/MSME sector has been severely affected due to the disruptions in business activities. Mohit Kapoor, Senior Partner, Universal Legal, answers LawWiser’s questions concerning SME/MSME sector on resuming businesses post-lockdown. To get featured in more such conversations, write us
The businesses have been impacted by the lockdown due to the outbreak of COVID-19, raising the issue of performance of the contracts for them. They are considering invoking the ‘Force Majeure’ clause in the contracts to seek relief in these tough times. IndusLaw’s Corporate Law
As per a report by Digital TV Research, the loss of revenue for OTT players on account of piracy in India is expected to hit USD 3.08 billion by 2022, while the cost of global online streaming piracy will reach USD 52 billion by 2022.
#WorldIntellectualPropertyDay2022 is observed on April 26 every year to create awareness about how patents, copyrights, trademarks, designs and geographical indications impact everyone. And also to celebrate innovation and creativity contributed by various creators and innovators. On the occasion of World Intellectual Property Day (April 26),
Know all the Jazz about NFT and Art in #LawWiser‘s fireside chat. Watch the full feature on All about NFTs and Art with with renowned artist and sculptor @Arzan Khambatta and @Anuradha Chowdhary, Tech Lawyer, @Universal Legal. Anuradha very succinctly explains what NFT means and
Lawyers are always learning and adapting to new laws. Over time depending on opportunities, they also adapt to different roles from law firm professional to independent to in-house counsel. The role of an #inhouse counsel as we know is diverse and they work with a
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