Month: May 2022

Price tag on plastic bags

A bill has been submitted to the People’s Majlis to make it mandatory to purchase plastic bags at retail stores when shopping. According to the waste management bill submitted, MVR 2 must be charged from customers as a levy on plastic bags issued at points of sale within 30 days of the act coming into …

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SME Act Updated

The second amendment to the Small and Medium Enterprises (SME) Act (Act no. 06/2013) was ratified on 10 May 2022. The amendment redefined the classification of the three categories of enterprises for the law. It also mandated the Registrar of Companies to re-categorise all enterprises into the newly classified categories: micro, small, and medium enterprises; …

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