Page 38 - Contract Act News Today : Breaking News, Live Updates & Top Stories | Vimarsana

To embed, copy and paste the code into your website or blog: The U.S. Department of Labor’s (DOL) Wage and Hour Division was hard at work in the closing days of 2020, endorsing the use of electronic posting of required notices and telemedicine visits under the Family and Medical Leave Act. The new DOL bulletins recognize the challenges posed by COVID-19 and employers’ increased reliance on technology in remote work environments. Electronic Notice Posting Permitted With the rise of remote work during the COVID-19 pandemic, many employers have opted to use email or company web platforms to ...

Farmers reject compromise, BJP sees red December 23, 2020 Farmers protest against the Centre’s new farm laws, at Kundli border in Sonipat   -  PTI Farmers protest against the Centre’s new farm laws, at Kundli border in Sonipat   -  PTI× Left parties are hijacking the protest feels BJP, but the protesters refute claim The united forum of farmers’ organisations rejected the Centre’s offer for talks on the three contentious farm reform laws and asked the government to come up with an agenda for the meeting that includes repealing the laws. Talking to media here on Wednesday after a ...

A Letter of Comfort [LoC] is a financial instrument that is usually given by the parent company or the promoter, attesting to the financial soundness and solvency of the obligor (the company receiving the credit from the lenders). A lot of debate has already taken place with regard to the enforceability of such an instrument that could not be put under the strict definition of a guarantee. But the similarities between the two instruments cannot be ignored. A typical contract of guarantee also has three parties where a third person (the parent company or the promoter, in this case) acts as a s...

Introduction On 13 November 2020 the Supreme Court ruled on whether agreements regarding severance packages in the event of voluntary resignation, which were entered into during a downsizing process, could be partly set aside because they were contrary to good business practices or unreasonableness (Section 36 of the Contract Act 1918). To answer this question, the Supreme Court had to decide whether the employees were entitled to an early retirement pension in such a process based on the previous employer's promise. The Court of Appeal ruled in favour of the employees and the employer was co...

THE STANDARD By Betty Njeru | December 21st 2020 at 12:49:00 GMT +0300 In the MPs' in-tray are about 13 bills that will be read for the first time on the floor of the House. The National Assembly will tomorrow hold a special sitting to debate the planned reversal of key tax rates. At the height of the pandemic, President Uhuru Kenyatta ordered the tax exemptions to cushion Kenyans from the effects of Covid-19. In the MPs' in-tray are about 13 bills that will be read for the first time on the floor of the House. Here are some of the bills; THE TAX LAWS (AMENDMENT) BILL, 2020