The Securities and Exchange Board of India (SEBI) has notified 2nd amendment in Issue and Listing of Debt Securities (ILD) which shall come
Entrepreneurs can apply online for Micro Small Medium Enterprise (MSME) loans up to Rs. 2 crore without visiting their respective bank branches.
All the Account holders of aforesaid banks which were merged with SBI Bank, they are required to have new cheque book by 31st December, 2017 bearing new IFS code.
Section 164 of the Companies Act, 2013, provides the events which result in disqualification of directors. For those director who had been disqualified
The merchant banking arm of SBI, for both loan appraisals as well as loan restructuring and even project appraisals.
Whether disqualification of directors for non-filing of financial for a continuous period of three years from FY 2014, 2015 & 2016 tantamount to retrospective effect of Companies Act, 2013? Bombay High Court in its order dated October 12, 2017, gave clarity on following observations pertaining to Section 167(2) (a): 1) Non-filing of financial for FY … Continue reading “Bombay High Court’s order on Disqualification of Directors”
The complaint handling regulations have been implemented by Insolvency and Bankruptcy Board of India (IBBI). In the procedure, the complaint filing fee will be refunded to the stakeholder in case the complaint is found to be not “frivolous or malicious”. This will be applicable to all stakeholders, including creditors, debtors and service providers. A stakeholder … Continue reading “Complaint handling regulations are implemented by IBBI”
A national database of all housing projects is to be created by the Housing and Urban Affairs Ministry. The idea behind this accomplishment is to capture the status and delays in the housing projects. The ministry will also notify the Central Advisory Council to advise the government on implementation of RERA. The process of having a central … Continue reading “National Database of Housing Projects to be created by Urban Housing Ministry”
Last month the Central Board of Excise and Customs (CBEC) started Goods and Services Tax (GST) refunds for exporters who have paid Integrated GST (IGST) and have claimed refund based on shipping bill by filling up Table 6A. Earlier this month, it allowed businesses making zero-rated supplies or those who have paid IGST on exports … Continue reading “10,000 Applications filed for GST Refunds by Exporters”
The government is planning to set up an expert panel for consultation on matters pertaining to the implementation of the drug price control order, including technicalities involved in pricing and new launches. As per the Department of Pharmaceuticals (DoP), a multi-disciplinary committee of experts will have member secretary of National Pharmaceutical Pricing Authority (NPPA) as its convener. It … Continue reading “Expert Panel to be Planned for Drug pricing and Launches”
15th Finance commission which is newly constituted had its first meeting on Monday and decided to involve think-tanks in drawing up its report that will primarily deal with a devolution of revenue between the Centre and states. The meeting was attended by former Economic Affairs Secretary Shaktikanta Das and other members of the Commission, Anoop … Continue reading “15th Finance Panel’s First Meeting get how on Road”
The government has achieved its target of 10 lakh houses under the flagship housing scheme Pradhan Mantri Awas Yojana within the stipulated time. The houses were completed within time mainly due to direct payment of financial assistance into the beneficiary accounts and by providing quality training of house construction to rural masons. Under the scheme, … Continue reading “Pradhan Mantri Awas Yojana provided 10 Lakh Homes”
The relevant documents which are required to be filed are ready with the company and company is willing to file the same, if so permitted. Further, accounts of the company are audited and have been approved by the members within the prescribed time. The company has not deposited heavy cash during the demonetization period i.e. … Continue reading “ROC’s no objection to restoration of Companies”
The government has referred 18 shell companies to Serious Frauds Investigation Office (SFIO) for depositing and withdrawing large sums during demonetization in what appeared to be entities that existed largely on paper. All entities that had dealings of over Rs 100 crore have been referred to the SFIO. Depending on the investigations, the government will take further … Continue reading “18 Shell Companies referred to SFIO by the Government”
The government has set up a 14 member panel to button down the increasing issues under insolvency and bankruptcy law. The panel members include Insolvency and Bankruptcy Board of India (IBBI) Chairperson M S Sahoo, RBI Executive Director Sudarshan Sen, former Lok Sabha Speaker T K Viswanathan, Edelweiss Group Chairman and CEO Rashesh Shah, Shardul Amarchand Mangaldas … Continue reading “14-member panel to be set to button down issues in insolvency law”