Can a subscriber having investment in pension funds of non-government / private entities invest in NPS?
If a subscriber have invested in any other Provident Fund, can I still invest in NPS (National Pension System)?
Dear Learned Members,
Can private company pay pension to its retired directors (retired due to age, not otherwise)? I have not seen any upfront restriction in Companies Act. However if any one of you have done this in practice, please guide.
Section 10A was inserted in the Insolvency and Bankruptcy Code, 2016 (“Code”) for suspending the initiation of the corporate insolvency resolution process (“CIRP”) for any default arising on or after 25.03.2020 for a period of six months or such further period, not exceeding one year from such date. This amendment was introduced to provide relief to companies affected by COVID-19 pandemic by temporarily suspending the insolvency proceedings for a period six months i.e. w.e.f. 25.03.2020 till 25.09.2020.
Now, Ministry of Corporate Affairs vide notification dated 24.09.2020 has extended the temporary suspension of CIRP for a further period of three months i.e. w.e.f. 25.09.2020 to 25.12.2020.
As per the provisions of Section 10A, further extension of three months can still be granted further to the recent extension of three months.
Please explain me the requirements relating to applicability of Social Security Obligations to a business entity in India regarding employment of Human Resourse like ESI, PF, EDLI, Gratuity, Pension, Leave Encashment etc. Kindly guide me if any measures has been taken by GOI for Easiness of Compliance of Above Obligation by Business Entity.Click here to view / answer Share it on
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