Chanakyatse Consultancy Legal, Management & Financial Updates

On April 3, The Washington Post reported that “10 million Americans filed for unemployment benefits last month. Many have been laid off amid the tenure.” The American medical team leader against Covid 19 epidemic, Dr. Anthony Fauci, made the statement that US is expecting a rough estimate of 100,000 to 200,000 deaths among millions of cases. Kristalina Georgieva, Managing Director, International Monetary Fund remarked in her WHO briefing that “the world economy is coming to a standstill. We are now in recession. It is way worse than the global financial crisis…And only united we can do our duties.” Dilemma over corona crash is trembling the business World. The need of the hour is a global plan to confront the challenges. Corona and its aftereffects are a global issue. So global cooperation is adequate to tackle this menace. Corporate in-houses are start processing strategic changes to their policies. R&Ds are concentrating to provide innovative solutions and alternatives to m...

UAE Ministry of Human Resources & Emiratization issued a special resolution for employment stability in private sector during the period of application of precautionary measures to curb the spread of Novel Coronavirus. All establishments should comply with the latest resolution stipulating remarkable changes in employment structure. The changes can be implemented in short term or long-term subject to the agreement between employer and employee. The resolution also provides a virtual labour market, on which job seekers can register and search for jobs. The new resolution came into force from 26/3/2020. Below highlighted are the major changes, which can be made in the existing employment contracts.  JK

Newsletter Chanakyatse Consultancy www.chanakyatse.com || consultant@chanakyatse.com|| Vol:1 Issue 1 19/3/2020 “Are YOU quarantined?”   “ELIGIBLE FOR SICK LEAVE” To break the chain of epidemic Covid 19, many UAE employers call employees to be quarantined in home for short time periods preventing from work. Such employees are entitled for payments of ‘Sick Leaves’ under the Federal Law No.8 of 1980, generally called as ‘Labour Law’. Article 82 of Labour Law provides that if the employee falls sick, he must report his illness within a period of two days at most. The employer is obliged to take necessary steps to ascertain employee’s illness. He can demand employee to be quarantined for certain number of days to prevent uncontrolled dissemination of the illness. Due to the apprehension of spreading Covid 19, it is recommended to stay at home avoiding continuation of the chain. Employee...

Rise of new era in legal arena of UAE- India tie up Indian Government published a landmark notification on 17th January 2020. As per the noitifcation, civil decrees passed by courts in the United Arab Emirates (UAE) can now be executed in India.  Chanakyatse Consulancy in association with Mohammed Salman Advocates and Legal Consultants can assist you for the execution of the decrees secured from UAE Courts in any part of territory of India. For more details and free appointments email us: consultant@chanakyatse.com or call us: 056 543 3679 Extract from the original notification is given above.

Chanakyatse Consultancy is a unique concept of the Founder, Mrs. Bindu S. Chettur bringing up legal, management and financial expertise under one shade. She has advised   and advocated   many entrepreneurs for  the strategic growth and development in her excellent career of more than twenty seven years. Her clientele includes organizations and individuals of various business arenas from United Arab Emirates, India and other countries. Chanakyatse is established to provide a one-stop business solution for the business community. The consultancy shape and formulate your ideas to be compatible for the market regulations and perform freely. Involvement of experts at right time can prevent asymmetrical business practices causing hurdles and loss later. Chanakyatse Consultants care your business from the stage of set-up and continue to stand with you firmly for the right growth. Contact us: consultant@chanakyatse.com 056 543 3679 Disclaimer: This blog is made...