The government has intensified efforts to ease the pressure on the National Company Law Tribunal (NCLT) and is learnt to be in the final stages of hiring judicial
Month: December 2018
GST: Keeping it simple: Reconciliation of GST data in 5 steps
By Archit Gupta Reconciliation under Goods & Services Tax (GST) is about matching the data filed by the supplier with those of the recipients and
Union Budget: Overestimation of tax revenues results in unrealistic deficit targets – The Financial Express
ven with all these, we continue to treat the deficit targets as sanctimonious! Over the years, the various “innovations” made to contain deficits have cast
Income Tax: Minor’s income is clubbed with that of parent with higher total income – The Financial Express
By Chirag Nangia Minor’s income is clubbed with that of parent with higher total income Is it possible to apply for PAN card for my
Tackling farm distress | Business Standard Editorials
The genesis of the farmers’ unending distress, reflected in recurring protests, can be traced to their poor earnings and the government’s failure to provide an
G 20 Not without purpose | Business Standard Editorials
Cynics view global summits as little more than international photo-ops that offer world leaders a chance to press the flesh and mingle with the great
Retail fuel prices: What the govt must learn from oil marketing firms | Business Standard Column
Brent crude oil prices reached a high of $85 a barrel on October 9, 2018. Since then, they have fallen to about $60 a barrel. This is
Stamp duty on bills of exchange drawn on banks is not payable, says expert | Business Standard News
Q. What is the rate of stamp duty applicable on bills of exchange drawn on DA basis in respect of import bills under letter of credit? Is there any exemption? The
Credit to small businesses up five-fold to Rs 1.23 trn post GST: SBI report | Business Standard News
Economists at the country’s largest lender, SBI, on Tuesday termed concerns on credit supply to small businesses as a “myth” and said the sector has
Farm-loan waivers turn nightmare for banks – The Hindu BusinessLine
The increasing demand for farm-loan waivers and slippages in existing loan repayments by farmers in anticipation of write-offs are giving banks a nightmare. Apart from
Direct tax collections on course to meet Budget Estimates: CBDT chief – The Hindu BusinessLine
The Centre’s direct tax collections are booming and are on course to meet the Budget Estimates for 2018-19, a top CBDT official said. For the
Pre-packaged bankruptcy scheme to speed up insolvency resolutions pre-IBC – The Financial Express
The resolution plan so reached can then be placed before the NCLT for approval, so that it can be implemented. The government is exploring the
NPA crisis: Relaxing Prompt Corrective Action would mean a bigger bailout – The Financial Express
By, Barendra Kumar Bhoi India’s banking system is passing through a critical time due to the overhang of large non-performing assets (NPA). Efforts are being
IBC may need tweaks in provisions to iron out operational issues: Experts | Business Standard Column
A slew of petitions from a clutch of aggrieved operational creditors is currently before the Supreme Court. Arguments for and against the RBI circular that pushed several power companies
IBC outcome encouraging and disposal quite quick: IBBI chief – NEWS – The Hindu BusinessLine
“The speed of resolution process has to improve so as to make the Insolvency and Bankruptcy Code (IBC) more responsive to the large number of
Cochin industry body organises seminar on Insolvency and Bankruptcy – The Hindu BusinessLine
The Cochin Chamber of Commerce and Industry has organised a seminar on Insolvency and Bankruptcy to spread awareness on the implication of IBC for making
Insolvency And Bureaucratic Code-Minhaz Merchant – BW Businessworld
The Insolvency and Bankruptcy Code (IBC) is one of the most farsighted economic reforms legislated by the Narendra Modi government. It promises to mitigate the principal weakness
Insolvency Resolution Professional New Age Liquidators Or A Bit More -Monish Panda – BW Businessworld
The Insolvency Resolution Professional (“IRP”) is an integral part of the Insolvency and Bankruptcy Code, 2016 (“IBC”); a laudable and long overdue Legislation. Even though
Essar Steel: NCLT defers operational creditors’ plea to Dec 10
The National Company Law Tribunal (NCLT) here Wednesday deferred hearing to December 10 on petitions filed by close to 30 operational creditors of Essar Steel
IBC forces companies to settle Rs 1.2 lakh crore debt out of court
The threat of promoters losing control of their company or a protracted legal proceedings under the new Insolvency and Bankruptcy Code (IBC) is forcing many
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