Clipped from: https://www.thehindubusinessline.com/business-laws/upholding-the-right-of-refusal/article34239257.ece A general understanding of the ‘Right of first refusal’ and the power of the Board to refuse registration of transfer could be gained
Category: IBC-SEBI
SC extends limitation period for filing of cases/appeals till further orders : The Tribune India
lipped from: https://www.tribuneindia.com/news/nation/sc-extends-limitation-period-for-filing-of-cases-appeals-till-further-orders-244912 Satya Prakash Tribune News Service New Delhi, April 27 As second wave of COVID-19 hits India, the Supreme Court on Tuesday extended the
Pre-institution mediation, abolishing IP Appellate Board to help MSMEs with speedy justice: Law ministry – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/pre-institution-mediation-abolishing-ip-appellate-board-to-help-msmes-with-speedy-justice-law-ministry/2240639/ Ease of Doing Business for MSMEs: The government had promulgated an ordinance on April 4, 2021, to abolish five appellate tribunals including the
Police book Indiabulls promoters, directors; firm moves court to quash FIR | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/police-book-indiabulls-promoters-directors-firm-moves-court-to-quash-fir-121042700022_1.html The Enforcement Directorate (ED) is learnt to have reached out to the police team seeking details of the case, a senior official confirmed
Blow to Uday Kotak as RBI caps tenure of bank founders, CEOs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/blow-to-uday-kotak-as-rbi-caps-tenure-of-bank-founders-ceos/articleshow/82259687.cmsSynopsis “While examining the matter of re-appointment of such MD&CEOs or WTDs within the 12-15 years period, the level of progress and adherence to
India Inc may have to keep date with filings as Sebi cites partial lockdown | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/india-inc-may-have-to-keep-date-with-filings-as-sebi-cites-partial-lockdown-121042600038_1.html Auditors struggle with Covid, but no extension likely for FY21 earnings reports At present, listed companies are required to file their fourth quarter
63Moons moves NCLT against Piramal ascribing ₹1 value to DHFL’s ‘recoverable’ assets – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/63moons-moves-nclt-against-piramal-ascribing-1-value-to-dhfls-recoverable-assets/article34407627.ece 63Moons Technologies has dragged Piramal Capital and Housing Finance to the National Company Law Tribunal (NCLT) for ascribing ‘₹1’ value to the assets
IBC mechanism ready to take up cases after a year-long hiatus | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/statsguru-ibc-mechanism-ready-to-take-up-cases-after-a-year-long-hiatus-121032800774_1.html As many as 1,942 cases are currently going on under the Code (as of September 2020) A summary analysis of about 280 resolutions
BoM aims to resolve 20-25 stressed MSME loans under pre-packaged resolution process – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/bom-aims-to-resolve-20-25-stressed-msme-loans-under-pre-packaged-resolution-process/articleshow/82226964.cmsSynopsis Earlier this month, the government had introduced a pre-packaged insolvency resolution process for stressed MSMEs by amending the insolvency law. MUMBAI: State-ownedBank of
SEBI wants rights issue refunds to be fast-tracked – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/sebi-wants-rights-issue-refunds-to-be-fast-tracked/article34395414.ece Extends relaxation in procedures till September-end The Securities and Exchange Board of India (SEBI) has issued guidelines to fast-track refund for un-allotted and
Rights issue: New guidelines put in place on refund of un-allotted, partially allotted applications – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/rights-issue-new-guidelines-put-in-place-on-refund-of-un-allotted-partially-allotted-applications/article34386575.ece The refund for un-allotted/partial allotted application has to be completed on or before T+1 day Markets regulator Sebi on Thursday came out with
Tangled reasoning – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/tangled-reasoning/article34378329.ece The NCLAT ruling on clearing spectrum dues is full of contradictions The National Company Law Appellate Tribunal’s (NCLAT’s) ruling on ownership of spectrum
Rational Expectations: Another pyrrhic telecom victory – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/rational-expectations-another-pyrrhic-telecom-victory/2237615/ The NCLAT verdict on spectrum is a big win for govt but it hits govt-owned banks, yet another example of poor policy The
SC stays proceedings before Delhi HC in Amazon Future case – RELIANCE FUTURE RETAIL CASE: The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/sc-stays-further-proceedings-in-amazon-future-reliance-case/articleshow/82142343.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Amazon had moved the apex court on April 8 challenging the Delhi High Court’s division bench order that had vacated a stay on
Rethinking the role, liability of independent directors – The Hindu BusinessLine–*****
Clipped from: https://www.thehindubusinessline.com/business-laws/rethinking-the-role-liability-of-independent-directors/article34352816.ece Neutrality and professional repute can give a board a new paradigm of thinking through an ‘independent director’. The Board of Directors is in
Two years since it stopped flying, Jet Airways awaits NCLT clearance – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/two-years-since-it-stopped-flying-jet-airways-awaits-nclt-clearance/article34349309.ece “I am hoping we won’t see a third anniversary of Jet’s grounding within the next three to four months,” says Ashish Chhawcharria, the
Amtek Auto resolution takes new twist – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/amtek-auto-resolution-takes-new-twist/article34352747.ece NCLAT has dismissed the petition and has imposed a penalty of ₹1 lakh on DVI NCLAT has dismissed the petition and has imposed
Individual CAs/firms cannot retain two consecutive audit rotation cycles – The Hindu BusinessLine–*****
lipped from: https://www.thehindubusinessline.com/companies/individual-casfirms-cannot-retain-two-consecutive-audit-rotation-cycles/article34352425.ece?homepage=true A proprietary CA firm or an individual chartered accountant will no longer find it easy to retain the audit mandate in a company
Lenders, govt staring at ₹96,389-cr haircut post NCLAT ruling on spectrum sale by IBC firms – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/nclat-ruling-on-spectrum-lenders-government-stare-at-96389-cr-npa/article34349792.ece?homepage=true Earlier, NCLAT ruled that telecom companies under insolvency proceedings can sell spectrum only after clearing of Government dues. The lenders to telecom companies
Your Money: What profit before and after tax tells about a firm – The Financial Express
lipped from: https://www.financialexpress.com/money/your-money-what-profit-before-and-after-tax-tells-about-a-firm/2234683/ PBT & PAT are the line items of interest for equity investors to assess the attractiveness of the stocks Total revenue is the
aniltikotekar4sme.com 