February 2, 2023
KEY HIGHTLIGHTS OF THE UNION BUDGET, 2023
“The Union Budget of 2023 hopes to build on the foundation laid in the previous budget, and the blueprint drawn for India@100. We envision a prosperous and inclusive India, in which the fruits of development reach all regions and citizens, especially our youth, women, farmers, IBCs, Scheduled Castes and Scheduled Tribes” – Smt. Nirmala Sitharaman, Finance Minister
Here are the Key Highlights of the Budget for certain industries presented by our Jurists Krishna Ramanathan and Nishtha Kansal:
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January 17, 2023
The Ministry of Consumer Affairs, Food and Public Distribution (Department of Consumer Affairs) issued a Notification today i.e., 30th November, 2022 vide which the figures, letters and words “1st Day of December, 2022” shall be substituted by the figures, letters and words “1st Day of January, 2023” under the Legal Metrology (Packaged Commodities) Amendment Rules, 2022.
Thus, it can be construed that these rules shall come into force from 1st January, 2023. The Notification has been attached below.
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January 17, 2023
Supreme Court recently dealt with an issue, whether an ex-promoter can hold a stake in the insolvent firm.
#newsalertbytyj #theyoungjurist #tyjteaser #NCLT #companylaw #operationaldebtor #ibc #ibc2022 #lawfirm #legalnews #supremecourtofindia #supremecourt #promoters #legalupdates #lawupdates #caselaw #supremecourt
January 10, 2022
CPA 2019 defines product liability as “the responsibility of a product manufacturer or product seller, of any product or service, to compensate for any harm caused to a consumer by such defective product manufactured or sold or by deficiency in services relating thereto”.
January 5, 2022
Food Licensing in Mumbai
Food Safety and Standards Authority of India is an authority to provide FSSAI license to every food business and made compulsory to have a food license before initiating the business. Every food business operator in Mumbai Maharashtra such as the producers, brokers, eateries associated needs to acquire a 14-digit enrolment or a permit number which must be imprinted on Food Packages.