In shell firm clean-up 2.0, MCA tells Registrars to physically verify companies’ registered address: https://www.thehindubusinessline.com/economy/mca-empowers-rocs-for-physical-verification-of-companies-registered-addresses/article65791274.ece
Category: IBC-SEBI
Read: Sweet & sour for Indian industry
https://www.financialexpress.com/opinion/sweet-sour-for-indian-industry/2637029/ Shared by Financial Express android app. Click here to download https://financialexpress.page.link/SeQbBCA2jLhkPkF96
Welcome amendments to the Competition law
Welcome amendments to the Competition law: https://www.thehindubusinessline.com/business-laws/welcome-amendments-to-the-competition-law/article65771249.ece
NCLT lifts the corporate veil to protect home buyers
NCLT lifts the corporate veil to protect home buyers: https://www.thehindubusinessline.com/business-laws/nclt-lifts-the-corporate-veil-to-protect-home-buyers/article65771106.ece
Kotak Mahindra Bank wins at SC
Kotak Mahindra Bank wins at SC: https://www.thehindubusinessline.com/business-laws/kotak-mahindra-bank-wins-at-sc/article65771180.ece
Corporate Affairs Ministry struck-off 4.33 lakh companies in last five years
Corporate Affairs Ministry struck-off 4.33 lakh companies in last five years: https://www.thehindubusinessline.com/economy/corporate-affairs-ministry-struck-off-433-lakh-companies-in-last-five-years/article65755163.ece
Govt moves to arm competition panel with powers to scrutinise M&A deals of over ₹2,000 cr – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/competition-bill-to-help-widen-ccis-scrutiny-net-over-big-tech-new-age-biz-ma-deals/article65732353.ece Competition law amendment Bill targets offshore digital transactions of high valuation but not involving large assets or turnover The government on Friday introduced
Sebi issues framework to curb inadvertent trades by cos’ designated persons during trading window closure – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/sebi-issues-framework-to-curb-inadvertent-trades-by-cos-designated-persons-during-trading-window-closure/article65732885.ece The framework will be effective from the quarter ending September 30 Sebi on Friday asked stock exchanges and depositories to develop a system
Kotak broking’s dealer under SEBI scanner for front-running – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/kotak-brokings-dealer-under-sebi-scanner-for-front-running/article65732914.ece Front-running is trading in stocks based on insider knowledge of a future transaction that is likely to affect its price Market regulator SEBI
Cherry picking by SEBI derogates fair trial, says SC, asks it to provide docs to Reliance Industries – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/cherry-picking-by-sebi-derogates-fair-trial-says-sc-asks-it-to-provide-docs-to-reliance-industries/article65733397.ece The case had arisen from a complaint by S Gurumurthy, an RSS ideologue, journalist and chartered accountant, to SEBI The Supreme Court Friday
NCLT not a debt collection forum, says SC – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/nclt-not-a-debt-collection-forum-says-sc/article65704580.ece Supreme Court says Insolvency and Bankruptcy Code not meant to judge commercial disputes The Supreme Court has categorically said that in a dispute
Is signing of accounts by chairman important? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/is-signing-of-accounts-by-chairman-important/article65678523.ece While the law does not mandate it, the chairman’s sign will provide greater comfort and assurance to stakeholders Way back in 1989, the
Recent Supreme Court judgement on IBC may weaken insolvency regime | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/columns/recent-supreme-court-judgement-on-ibc-may-weaken-insolvency-regime-8044331/ The likely outcome of the latest ruling would be more litigation and delay at the admission stage, enhancing the risks of value destruction
Defaulting firm’s debt includes both principal and interest: NCLAT | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/defaulting-firm-s-debt-includes-both-principal-and-interest-nclat-122071900953_1.html Case related to a company that challenged insolvency proceeding against it for delaying payments to borrower The tribunal said the interest on delayed
*Priority is that buyers should get flats: Supreme Court on Amrapali row | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/priority-that-buyers-should-get-flats-supreme-court-on-amrapali-row-122071801115_1.html The Supreme Court Monday clarified that its priority is that hassled home buyers of Amrapali Group of companies get their homes and thereafter
*****‘May’ does not mean ‘shall’ says SC – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/may-does-not-mean-shall-says-sc/article65643710.ece To reduce a legal nuance into simple English, ‘may’ means existence of discretion, while ‘shall’ means no option Who would have thought that
Is the ‘beneficial owner’ also a ‘related party’? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/is-the-beneficial-owner-also-a-related-party/article65639552.ece The Bombay High Court judgment in the case of World Crest Vs Yes Bank seems to put financial creditors at a disadvantage Close on the
*****Power to admit insolvency application not binding even when debt owed: SC | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/power-to-admit-insolvency-application-not-binding-even-when-debt-owed-sc-122071301504_1.html The bench said NCLT failed to appreciate the question of time-bound initiation and completion of corporate insolvency resolution process could only arise if
A fine line | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/a-fine-line-122071301660_1.html Regulator should not comment on market prospects The Securities and Exchange Board of India (Sebi) is said to be contemplating releasing regular “risk-factor disclosures” on market
*******Who are anchor investors? | Business Standard News
Clipped from: https://www.business-standard.com/podcast/finance/who-are-anchor-investors-122071200076_1.html Before a company hits the primary market, it will have to find anchor investors. So who are anchor investors and why are they
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