Clipped from: https://economictimes.indiatimes.com/news/india/22000-compliances-reduced-103-offences-decriminalised-government/articleshow/86586972.cmsSynopsis With the aim to simplify, decriminalize & remove redundant laws, India has undertaken a massive exercise to reduce burdensome compliances. India has reduced more
Category: IBC-SEBI
Sebi: SEBI board revises delisting norms to streamline M&As – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/sebi-board-revises-delisting-norms-to-streamline-mas/articleshow/86585400.cmsSynopsis Under the current regulations, a company that is acquiring 49 per cent stake in a listed entity and sees its total stake rise
NCLAT adjourns hearing on Videocon lenders’ plea for fresh round of bidding – The Financial Express
Clipped from: https://www.financialexpress.com/industry/nclat-adjourns-hearing-on-videocon-lenders-plea-for-fresh-round-of-bidding/2339160/ The adjournment came after solicitor general Tushar Mehta, appearing on behalf of the CoC, sought time to submit a rejoinder to the reply-affidavit
Bad bank will merely camouflage NPAs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/bad-bank-will-merely-camouflage-npas/article36683732.ece?homepage=true NARCL does not have the expertise to recover the transferred NPAs The government has announced the setting up of the National Asset Reconstruction
RBI permits lenders to sell fraud loans to ARCs, paves way for resolution | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-permits-lenders-to-sell-fraud-loans-to-arcs-paves-way-for-resolution-121092401209_1.html Legal onus regarding reporting, monitoring, filing of complaints with law enforcement agencies will move to the ARCs post the transfer Photo: Shutterstock The Reserve
CCI fines United Breweries Rs 750 cr for indulging in cartelisation – BusinessToday
Clipped from: https://www.businesstoday.in/latest/corporate/story/cci-fines-united-breweries-rs-750-cr-for-indulging-in-cartelisation-307565-2021-09-24 While UBL and CIPl have been fined Rs 750 crore and Rs 120 crore respectively, penalty has been waived off for AB InBev
Bad Bank: India Debt Resolution Co takes shape with three directors, Rs 50 cr capital – BusinessToday
Clipped from: https://www.businesstoday.in/industry/banks/story/bad-bank-india-debt-resolution-co-takes-shape-with-three-directors-rs-50-cr-capital-307396-2021-09-23 There are plans to attract professionals in the management of affairs of the IDRCL but there is also a possibility of both public
Accounting regulator raps ‘EY arm’s’ audit of IL&FS firm – The Hindu
Clipped from: https://www.thehindu.com/business/accounting-regulator-raps-ey-arms-audit-of-ilfs-firm/article36638737.ece ‘Understatement of losses runs up to more than ₹2,000 crore’ The National Financial Reporting Authority (NFRA) has rapped ‘EY group firm’ SRBC &
Lenders defeating the IBC’s spirit – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/lenders-defeating-the-ibcs-spirit/2335568/ Videocon bid and, now, U-turn show banks defanging IBC by letting buyers acquire stressed assets at basement bargains Indeed, the sale, at Rs
Streamline consent – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/streamline-consent/article36592553.ece?homepage=true Tighter timelines are welcome, but transparency is needed on the rationale for consent decisions It has been 15 years since the Securities Exchange
Foreign investors want Sebi to delay shorter trade settlement plan | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/foreign-investors-want-india-to-delay-shorter-trade-settlement-plan-121092200150_1.html Sebi’s plan could push foreign investors to upgrade their custodial arrangements, spend more on foreign exchange charges and other costs. Photo: Bloomberg India
Videocon insolvency: Lenders make U-turn, approach NCLAT for fresh bids | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/videocon-insolvency-lenders-make-u-turn-approach-nclat-for-fresh-bids-121092001057_1.html Billionaire Anil Agarwal’s Twin-Star Technologies had offered Rs 2,962 crore to takeover Videocon Industries, which was 4.15% of the admitted claims of Rs
Insider Trading Violations: The implications of Sebi’s recent rulings – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/insider-trading-violations-the-implications-of-sebis-recent-rulings/2331027/ The regulatory objective of the insider-trading law is outlawing the ‘abuse of UPSI’; Sebi therefore must not bar all trade by a person
SC says no power to condone delay in NSEL appeal – The Financial Express
Clipped from: https://www.financialexpress.com/market/sc-says-no-power-to-condone-delay-in-nsel-appeal/2330343/ A Bench led by Justice MR Shah said Parliament has not carved out any exception to a situation where limitation to file an
All is not well with India’s bankruptcy law. Here’s how it can be fixed – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/all-is-not-well-with-indias-bankruptcy-law-heres-how-it-can-be-fixed/articleshow/86210713.cmsSynopsis The problems range from voluntary bankruptcy not working as it should to unaccountable and unethical resolution professionals (RPs) and the absence of a
Liquidation as a going concern is an effort to maximise value & save firms under insolvency | INTERVIEW – The Financial Express
Clipped from: https://www.financialexpress.com/industry/liquidation-as-a-going-concern-an-effort-to-maximise-value-and-save-firms-under-insolvency-interview/2329836/ In an effort to maximise the value of a company undergoing insolvency proceedings, the bankruptcy court has allowed for liquidation of the company
Sebi plans to overhaul consent settlement rules, reduce timeline by a third | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/sebi-plans-to-overhaul-consent-settlement-rules-reduce-timeline-by-a-third-121091401222_1.html At present, a settlement application can be filed in 60 days of receipt of show-cause; another 120 days given to noticee paying 25%
IBC — five years young – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/ibc-five-years-young/article36437578.ece?homepage=true IBC came in as a breath of fresh air but it needs to keep evolving to be effective and useful When the Insolvency
Rise of proxy advisors – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/rise-of-proxy-advisors/article36438718.ece?homepage=true New rules from Jan 2022 will give them more power On January 1, 2022, a game-changing regulation impacting the appointment/reappointment of independent directors
T+1 the way to go – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/t1-the-way-to-go/article36415690.ece?homepage=true However, making shorter settlement cycles optional could lead to chaos on the bourses In a welcome development, the stock exchange regulator has taken
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