Clipped from: https://www.thehindubusinessline.com/companies/cg-power-fraud-icai-asks-cbi-for-case-details-on-signing-partners-of-auditors/article35498152.ece?homepage=true Nihar Jambusaria, Pesident, ICAI Nihar Jambusaria, President, ICAI× Seeks from SBI the plaint it filed and forensic audit reports to decide on action
Category: IBC-SEBI
Dice is loaded against minority shareholders – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/dice-is-loaded-against-minority-shareholders/article35496394.ece?homepage=true Caught In the crossfire – istock.com× The courts have left few avenues for grievance redressal in the event of undervaluation of their stake
The Vanishing Billions – BusinessToday
Clipped from: https://www.businesstoday.in/magazine/editors-note/story/the-vanishing-billions-301990-2021-07-22 The advent of the IBC, clearly one of the most important reforms witnessed in Corporate India in recent times, has meant that errant
India’s Fallen Billionaires – BusinessToday
Clipped from: https://www.businesstoday.in/magazine/cover-story/story/indias-fallen-billionaires-301989-2021-07-22 How a dozen leading Indian businessmen lost their crown jewels to unsustainable debt In the second week of March, Venugopal Dhoot, 69, who
SEBI’s delisting norms make sense – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/sebis-delisting-norms-make-sense/articleshow/84654415.cmsSynopsis The proposed changes would allow an acquirer to launch an open offer and initiate delisting simultaneously by announcing a takeover price and a
Punting on bankruptcy – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/punting-on-bankruptcy/article35347573.ece Improving disclosures on IBC stocks will curb insider trading and protect small investors Stocks of companies undergoing corporate insolvency resolution process (CIRP) have
Swing factor – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/sebis-proposal-to-allow-debt-funds-to-use-swing-pricing-is-a-good-move-but-safeguards-are-needed/article35473315.ece Making AMCs run segregated portfolios for retail and institutional investors may be a better idea – REUTERS Making AMCs run segregated portfolios for
CCI issues notice to Amazon for suppression of facts – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/cci-issues-notice-to-amazon-for-suppression-of-facts/article35475920.ece The Competition Commission of India has slapped a show-cause notice against Amazon in relation to its investment in Kishore Biyani-led Future Coupon Private
Swinging to frenetic global market beat – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/swinging-to-frenetic-global-market-beat/articleshow/84621335.cmsSynopsis Swing pricing increases or decreases the net asset value of a fund by a pre-announced swing factor, say, 2%, by loading the transaction
IBBI makes resolution professionals more accountable – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/corporate-insolvency-ibbi-makes-resolution-professionals-more-accountable/article35439950.ece?homepage=true Requires them to electronically file details on preferential and fraudulent transactions entered into by corporate debtor Insolvency regulator IBBI has taken another significant
Insolvency and Bankruptcy Code is broken. It needs to be fixed, immediately – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/insolvency-and-bankruptcy-code-is-broke-it-needs-to-be-fixed-immediately/articleshow/84595207.cmsSynopsis While 4,540 insolvency cases have been admitted for Corporate Insolvency Resolution Process (Cirp), significant recovery has materialised only in a handful of cases,
The right resolution | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/editorials/nclt-resolution-videocon-insolvency-7414247/ NCLT order in Videocon case underscores imperative to maintain sanctity of IBC process On June 8, the NCLT had approved the resolution plan
LIC Housing Finance approaches SAT on issue of preference shares to LIC – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/lic-housing-finance-approaches-sat-on-issue-of-preference-shares-to-lic/article35432237.ece Exchanges had sought clarification on pricing LIC Housing Finance has approached the Securities Appellate Tribunal over the company’s preferential allotment of shares to
Collateral margin: Bourses told to keep client-wise record to check fund misuse – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/collateral-margin-bourses-told-to-keep-client-wise-record-to-check-fund-misuse/article35429447.ece?homepage=true Individuals can now see their collateral in dedicated portal Two decades after margin collection by brokers for derivatives trading came into play, SEBI
Sebi’s new non-financial disclosure norms to help investors gauge firms’ biz sustainability – The Financial Express
Clipped from: https://www.financialexpress.com/market/sebis-new-non-financial-disclosure-norms-to-help-investors-gauge-firms-biz-sustainability/2293670/ The ministry of corporate affairs’ (MCA) aim is to make BRSR reporting format a single source for all non-financial disclosures. Besides, it seeks
Making independent directors truly independent – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/making-independent-directors-truly-independently/2293710/ A ratings-based algorithm that recommends potential independent directors to companies can help The problem is that, very often, there is incentive to control
All you wanted to know about reverse merger – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/slate/all-you-wanted-to-know-about/article35412102.ece Earlier this month, the stocks of Equitas Small Finance Bank, Ujjivan Small Finance Bank and their holding companies skyrocketed following a new development.
NCLAT stays acquisition of Videocon Group by Twinstar Technologies – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/nclat-stays-acquisition-of-videocon-group-by-twinstar-technologies/article35411842.ece In an appeal, the Bank of Maharasthra alleged that the RP provided for payment through NCDs and equities are not permissible under IBC.
Relief to small companies: Relaxations in compliance with accounting standards – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/policy-trends/relief-to-small-companies-relaxations-in-compliance-with-accounting-standards/articleshow/84542985.cmsSynopsis The new rules will replace existing rules issued in the year 2006 and are applicable from accounting periods commencing on or after 1st
NCLT clears ₹423-cr resolution plan for Appu Hotels – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/clears-423-cr-resolution-plan-for-appu-hotels/article35395141.ece?homepage=true The National Company Law Tribunal, Chennai, has approved the Resolution Plan submitted by MK Rajagopalan, Chairman and Managing Director of MGM Healthcare Group,
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