MSME laws Tag

January 13, 2022 In Channels, Explainers, Legal, MSME/Startups, Others, Others, Sectors, SME/MSMEs, Video By editor

Cosmetic Rules 2020 | #Explainer | LawWiser | Phoenix Legal

#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 and booming domestic cosmetic production, it became inevitable for the regulator to streamline the regulatory process and procedures separately for cosmetic industry.

The Cosmetic Rules, 2020, issued by the government under the provisions of the Drugs and Cosmetic Act is the first step for streamlining the processes dedicated to cosmetics.

Watch Ritika succinctly explaining the objective of these rules and when do the rules become effective and how they affect the validity of approval’s/licenses issued prior to the new rules becoming effective.

To understand this and much more, watch the full video on the link given below. #cosmetic #lawwiser #phoenixlegal #cosmeticrules2020 #cosmeticlaw #drugsandcosmeticsact #legalknowledge #explainervideo #law2022 #legal

January 10, 2022 In Channels, Ecommerce, Legal, MSME/Startups, Others, Sectors, SME/MSMEs, Video By editor

MSME Request Changes In Amendments of E-Commerce Rules

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 “MSME Request Changes in Amendments of E-Commerce Rules”.

In this video, Prabhjot Singh shares some insights related to issues of the MSME sector, such as, -tracking and restriction of sales -appointment of the Grievance officer concerning the online sales.

Watch this full video as he also shares, how the online platforms have become essential for MSMEs to stay afloat in the market.

January 5, 2022 In Channels, Legal, MSME/Startups, Others, Sectors, SME/MSMEs, Video By editor

Closure of Plants in China – Opportunity for Indian MSME

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 where #LawWiser takes you through the quick byte on “Closure of plants in China: Opportunity for Indian MSMEs”

In this video, Aditi shares valuable insights in which she discusses some crucial points such as:-

🌐 MSME Sector in India

🌐 Why do MSME’s need a leg up in India

🌐 The Opportunity for MSME’s and the Country’s Economy

She tells us that India’s manufacturing share is nearly six percent. If MSMEs add another 10 percent, the country’s GDP will increase significantly, and this will help the country become a superpower.

January 4, 2022 In Channels, Legal, MSME/Startups, Others, Sectors, SME/MSMEs, Video By editor

Key Regulations for MSME | MSME Regulations | LawWiser

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 quick byte on “Key Regulations for MSME’s”. In this video, Prabhjot Singh shares some insights related to key regulations for MSME’s, such as

🔘 Laws of equal opportunity for all

🔘 Code on wages

🔘 Laws for the underprivileged sector

🔘 Code on Occupational safety, health and working conditions

🔘 Codes on social security He also shares, when these regulations were introduced and whether they have been notified.

Stay tuned with LawWiser for more such content

December 14, 2021 In Channels, Legal, MSME/Startups, Others, Sectors, SME/MSMEs, Video By editor

Supreme Court on Changes in Policy Terms & Government on PLI Linked Scheme

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 insurer is clearly under a duty to inform policyholders about changes in terms of the policy during renewal, and failure to do so would amount to deficiency in service under the Consumer Protection Act, 1986.

In the second update, the government is planning to introduce the Production Linked Incentive Scheme, which is yet to be considered for approval by the cabinet.

As per the Production Linked Incentive Scheme, the government is planning to provide incentives worth Rs 76,000 crore towards setting up over 20 semiconductor design, components manufacturing, and display fabrication (fab) units over the next six years in a bid to make India a hub for electronics.