The Payment of Wages Act, 1936
Ministry of Law and Justice has notified the Payment of Wages (Amendment) Act, 2017 which shall come into force on the 28th day of December, 2016. Through this notification, Section 6 of the Payment of Wages Act, 1936, shall be substituted, by "All wages shall be paid in current coin or currency notes or by cheque or by crediting the wages in the bank account of the employee: Provided that the appropriate Government may, by notification in the Official Gazette, specify the industrial or other establishment, the employer of which shall pay to every person employed in such industrial or other establishment, the wages only by cheque or by crediting the wages in his bank account."
SEBI
SEBI in order to provide more choices of investors to Indian entities issuing Rupee denominated bonds abroad, it has been decided to also permit Multilateral and Regional Financial Institutions where India is a member country, to invest in Rupee denominated bonds. The changes/revised instructions in respect of issuance of Rupee denominated bonds will be applicable from the date of issuance of this circular.
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