The judgement of the Supreme Court, in the case of Innoventive Industries vs ICICI Bank is a shot in the arm for the regime established under the Insolvency and Bankruptcy Code, 2016
article we will discuss about Compulsory and Voluntary Liquidation and how it is helpful for the Corporate Creditor against their debtor/s.
In this article we will elaborately discuss about the goodwill of the company and how it can benefit in framing debt recovery policies.
The latest amendment bill of Insolvency & Bankruptcy, 2017 has been passed by the Lok Sabha to deal with recovery and reorganization in a speedy, reliable process.
The conversion of Limited Liability Partnership into Private Limited Company with share capital can be processed in this article.
After the finish of the promoter’s stake deal in its rental arm to Singapore sovereign riches support GICBSE – 0.29 %, realty major DLFBSE – 2.14 % is hoping to influence its improvement to arm a zero net
Indiaʹs new financial disaster law is getting most traction from an uncommon set of lenders, people with the least to benefit from pushing corporations into the insolvency process. Operational or unsecured creditors, who have dues that are not backed via any collateral, might be los angeles st in queue to be repaid once an insolvency … Continue reading “Why closing-in-queue creditors report maximum insolvency lawsuits in India”
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”
Directors of companies that defaulted on statutory compliances from serving on the boards of other firms to improve corporate governance and check financial irregularities through the use of shell companies.
In the existing regime of indirect taxation refund is one of a most strained area, both for the taxpayer and the tax administration.
Career as a company secretary is strictly for the dedicated people who have the ability to pay meticulous attention to detail. Company secretaries must be able to communicate effectively with people from all other departments of a particular company to ensure that the company practices are both legally and financially acceptable.
Not only company Act, 2013 but other allied laws such as Income Tax Act, Labour Laws and other industries specific laws are applicable on companies.
Fast Track Exit gives a choice or option to defunct companies to get their names struck off from the Registrar of Companies.
A business may need to be closed for many reasons that may be due to business failure or any other unavoidable circumstances.
As mentioned already, ever since the Companies Act, 2013 came into effect, a CS has got more powers and his roles and responsibilities have become more direct and clear.
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