Volume 1 Issue No.2/2009
Lexspeak
December 2009
Thought for the day
If we fight, we may not always win, but if we don’t fight, we will surely lose.
News from the Gov

FEMA

Others
Articles

RTGS

Proposed GST system in India

Music & Management


Court Judgements


Workshop on Professional Writing
Legal Term


Legal Term



Lex loci


Meaning
The law of the place


Origin


Latin


Usage
The substantive rights of the parties to an action are governed by the lex loci, i.e. the law of the place, where the right was acquired or the liability was incurred


Statutory Compliance Chart


December 2009


S


M


T


W


T


F


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Reminders
05


Dec Service Tax
Payment
 05 Dec– Excise Duty
Payment
 07 Dec– TDS/TCS
Payment
 10 Dec– Excise
Return
 15 Dec– P. F.
Payment
 15 Dec– Advance Tax
Payment
 20 Dec– P.T. Payment
 20 Dec– VAT Payment
 21 Dec– E.S.I.C.
Payment


Taxes Grow Without Rain


Hello All,
We are back again with the 2nd issue of our Newsletter. This issue offers a fair balance of news updates and articles of topical interest, keeping in mind the diverse range of readers that the Newsletter is aimed at.

Also look for an invite from one of our Business Associates “Write Concepts” who is conducting a Professional
Writing Workshop on this Saturday, 12th December, 2009.

Hope you enjoy reading this. Do give us a feedback.

Click here to express yourself.

Sincerely,
Lex Valorem India


Parliament clears Workmen Compensation Bill
The Parliament has passed the Workmen’s Compensation (Amendment) Bill, 2009, that aims to enhance the compensation package for employees, with its approval by the Rajya Sabha. Under the amended provisions, employees, whether contract or casual, and their dependents would get relief in case of accidents causing either death or disablement during the course of their employment.

Download Bill
           


Read more


Expats can take home their entire salary now
Expats, who are working in India, will now be able to take home 100% of their salary following a change in rules to this effect by the RBI. This would benefit sectors such as aviation, telecom, infrastructure that employs a large number of expats, making it easier for them to attract foreign talent where needed.



Read more


Total disability’ if worker cannot carry out his job – Supreme Court judgment

Under the Workmen’s Compensation Act, if an employee is permanently disabled due to an injury at workplace, it would be called ‘total disability’ and the insurance company should compensate according to that criterion.



Read more


Consumer courts cannot entertain phone bill disputes

The Supreme Court has held that consumer courts cannot entertain disputes relating to non-payment of telephone bill under the Consumer Protection (CP) Act.



Read more


Real Time Gross Settlement System (RTGS)

Real Time Gross Settlement System (RTGS) is a fund transfer mechanism where transfer of money takes place from one bank to another on a ‘real time’ and on ‘gross’ basis.

Read
more


Proposed GST System in India

As part of the ongoing tax reforms, India is gearing up to introduce an integrated Goods & Service Tax system (GST) which is likely to happen in the next fiscal i.e. 10-11. Lex Valorem team sincerely thanks Mr. S. M. Kulkarni, a renowned indirect tax expert and Convener of the Finance & Taxation Panel, CII (Western Region) for sharing his thoughts on this most happening topic.



Read more


Music & Management
Management can be learnt at B-schools, on cricket and football pitches, golf courses, wedding preparations and well through music concerts too !



Read more



Writing Workshop for Professionals
One of our business associates ‘Write-Concepts’ is conducting a One-Day Workshop on improving professional writing skills covering project reports, emails and presentations
Download Brochure

Download Registration Form

Note: The
contents of this News Letter are only a summary and has not
dealt with any issue in detail. Any action taken or proposed
to be taken must be in consultation with professionals and
not merely based on the articles / news updates. Lex Valorem
disclaims all liability on action taken without professional
advice
Lex Valorem India Pvt. Ltd. #405, 7th Cross, IV
Block, Koramangala, Bangalore – 560 034

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Phone : +91 80 25534374 , +91
80 25536618 Email:

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