The concept of moonlighting has become a major talk of the corporate town, and with the recent take of Mr. Sandip Patel, MD, IBM India, we get a hint of this trend gaining momentum amongst the peers in the tech industry. He dissuaded employees from siding with moonlighting if the interests of the company are at stake. He emphasized on following the due process, if at all, employees wish to take up side jobs but his internal note terms moonlighting as a violation of trust, policy and creates a potential conflict of interest. It is clear from his views that companies really have important concerns and are finding themselves at the cross-roads although there might be the necessary bending going on, on the inside to accommodate the interests of both the employers and the employees.
Tag: law firm
Derivatives Contracts: Forwards, Futures, Options and Swaps
In layman terms, a Derivative based contract is a contract between two or more parties whose value is based on an agreed-upon underlying financial asset, index, or security. Some common financial instruments used for this purpose are Futures Contracts, Forward Contracts, Options Contracts, and Swaps Contracts. These are secondary securities whose value is solely based (derived) on the value of the primary security that they are linked to which is known as the underlying assets.
BREACH OF EMPLOYMENT CONTRACTS & NECESSARY SAFEGUARDS FOR EMPLOYERS
This article pertains to Breach of Employment Contracts & Necessary safeguards for employers.
SIGNIFICANCE OF THE CAPPING OF LIABILITY CLAUSES IN CONTRACTS
By capping of liability, we mean stipulating a limit to the financial damages payable by a party to the contract, in the event of a breach. Commercial agreements of the current period have become very much advanced with various protective clauses, and one such clause is the “Liability Cap clause”.
DATA PROTECTION IMPACT ASSESSMENT – A NEED FOR MODERN-DAY BUSINESSES IN INDIA
In an increasingly data-driven world, businesses in India are faced with the responsibility of managing and protecting vast amounts of..
Entity Registration Possibilities in India
Entity Registration Possibilities in India
Void Agreements: Definition, Examples, Legal Provisions, and Steps to Avoid Them
Introduction – Void Agreements There are some underwhelming agreements. Some become the basis of enforceable contracts while others are considered..
PAYTM: RBI CLASSIFICATION & REGULATION
With Paytm IPO around the corner, we try to answer as to how Paytm’s operations in India classified and regulated..
Conveyance Allowance Not a Part of Wages (ESIC)
The Ministry of Labour & Employment has issued a clarificatory Circular citing the recent judgment titled, ESIC vs. Texmo Industries..
MCA strikes off 37,000 companies on statutory non-compliance
MCA is striking off 37,000 companies on account of secretarial non-filings. This is in addition to the 67,000 plus companies..