Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/article34646028.ece Budget 2021 amended the tax law on fair market value The Income Tax Department has notified rules for computation of fair market value
Category: IBC-SEBI
Appellate Tribunal sets aside NCLT order on DHFL – Today’s Paper – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/article34645979.ece With the National Company Law Appellate Tribunal (NCLAT) setting aside an order of the National Company Law Tribunal (NCLT) directing the lenders of
Defer auditor appointment by at least two years: CII tells RBI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/national/defer-auditor-appointment-by-at-least-two-years-cii-tells-rbi/article34627470.ece Phase-wise implementation of norms will ensure better compliance, suggests industry chamber A significant policy measure such as this should not be applied retrospectively
RBI’s norms pit Indian auditors against MNCs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/rbis-norms-pit-indian-auditors-against-mncs/articleshow/82919795.cmsSynopsis On April 27, the central bank had issued guidelines for appointment of statutory auditors in commercial banks, non-banking financial companies and housing finance
Concept of joint audit has worked very well: Amarjit Chopra, ex-president, ICAI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/consultancy-/-audit/concept-of-joint-audit-has-worked-very-well/articleshow/82921510.cmsSynopsis “As per the new norms, there shall be joint audits in certain entities beyond a threshold. Can having two auditors or more instead
How to improve corporate governance – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/how-to-improve-corporate-governance/article34635949.ece Rather than introduce more regulations, SEBI must tweak the norms depending on a company’s track record Corporate governance, as a topic, gained importance
SC order on personal guarantors thorn in the side of biz families | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/sc-order-on-personal-guarantors-thorn-in-the-side-of-biz-families-121052401569_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 Lack of clarity between legitimate succession planning and evasion is a worry, say experts Illustration: Ajay Mohanty Business families that have undertaken estate
What about limited liability, your honour? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/what-about-limited-liability-your-honour/articleshow/82917958.cmsSynopsis Limited liability played a vital role in advancing entrepreneurial risk-taking and capitalism’s creative destruction. If a person’s entire worth was at stake every
DHFL | Kapil Wadhawan: Appellate Tribunal stays Mumbai NCLT order to consider Kapil Wadhawan’s DHFL settlement offer
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/appellate-tribunal-stays-mumbai-nclt-order-to-consider-kapil-wadhawans-dhfl-settlement-offer/articleshow/82934350.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis But, this does not debar the insolvency court in Mumbai to pronounce its decision on the resolution plan submitted by the Piramal group,
NAREDCO writes to finance ministry for suspension of IBC – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/naredco-writes-to-finance-ministry-for-suspension-of-ibc/articleshow/82935733.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis NAREDCO as a representative body of real estate developers had taken up the matter with the Finance Ministry, seeking adequate relief measures so
DHFL lenders appeal against NCLT order on Wadhawan offer – Today’s Paper – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/article34637954.ece Administrator questions timing of the order, Piramal to also file plea The Administrator and lenders to troubled Dewan Housing Finance Corporation Ltd have
Residents of World Crest Towers drag developer Lodhas to NCLT – Today’s Paper – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/article34637955.ece Residents of Mumbai’s World Crest World Towers, India’s tallest residential complex, have initiated bankruptcy proceedings against Macrotech Developers (erstwhile Lodha Group), among the
New credit culture | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/new-credit-culture-121052300924_1.html A big step by SC in allowing banks to chase personal guarantors Last week, a two-judge Bench of the Supreme Court upheld a notification issued
CoC to review NBCC offer for Jaypee Infra on Monday before vote on Suraksha | Business Standard News
lipped from: https://www.business-standard.com/article/companies/coc-to-review-nbcc-offer-for-jaypee-infra-on-monday-before-vote-on-suraksha-121052300362_1.html Homeowners, Suraksha cry foul; say move illegal as per SC order Even as Suraksha group’s resolution plan for Jaypee Infratech is set to
Supreme Court’s order on defaulter tycoons plugs an important bankruptcy loophole – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/supreme-courts-order-on-defaulter-tycoons-plugs-an-important-bankruptcy-loophole/articleshow/82825203.cmsSynopsis Lawyers and bankers were said the order sets a precedence for future recoveries in bankrutpcy cases and more importantly act as a deterrent
DHFL ruling: NCLT ruling on DHFL: Creditors weighing options – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/nclt-ruling-on-dhfl-creditors-weighing-options/articleshow/82897352.cmsSynopsis Several lenders prefer challenging order at appellate tribunal to voting against Wadhawan’s offer Mumbai: Stunned by the National Company Law Tribunal ruling (NCLT) onDHFLNSE 4.83
personal guarntors -Welcome clarification – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/article34630423.ece SC ruling on personal guarantees in corporate bankruptcies is welcome, but NCLT is not in sync There have been two important, and in
Jaypee case: NBCC questions IRP’s ‘jurisdiction’; demands voting on its offer – The Financial Express
Clipped from: https://www.financialexpress.com/industry/jaypee-case-nbcc-questions-irps-jurisdiction-demands-voting-on-its-offer/2257110/ In the first round of insolvency proceeding, the Rs 7,350-crore bid of Lakshadweep, part of Suraksha Group, was rejected by lenders. The CoC
RBI not in favour of fresh insolvency freeze – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/rbi-not-in-favour-of-fresh-insolvency-freeze/articleshow/82699508.cmsSynopsis During initial discussions with the government, RBI has indicated a freeze will not help anyone in the long run as it will only
Suraksha ARC seeks “fair & unbiased” process in Jaypee Infra insolvency – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/suraksha-arc-seeks-fair-unbiased-process-in-jaypee-infra-insolvency/articleshow/82775929.cmsSynopsis The company has debt obligation of over Rs 9,800 crore to creditors. Homebuyers’ claims amount to Rs 12,714 crore. The admitted financial debt
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