Clipped from: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/jaypee-infratech-insolvency-nbcc-sweetens-bid-to-offer-up-to-1903-acres-land-to-lenders/articleshow/82315910.cmsSynopsis Earlier this month, NBCC and Mumbai-based Suraksha group submitted their fresh bids to acquire Jaypee Infratech through the insolvency process, as per the
Category: IBC-SEBI
Equalisation Levy – Know about Equalization Features, Penalty & Applicability–clear tax
Clipped from: https://cleartax.in/s/equalisation-levy/#rate Equalisation Levy was introduced in India in 2016, with the intention of taxing the digital transactions i.e. the income accruing to foreign e-commerce
Indian Insolvency Quarterly Roundup 2021 (January 2021 To March 2021) – Insolvency/Bankruptcy/Re-structuring – India
Clipped from: https://www.mondaq.com/india/insolvencybankruptcy/1054818/indian-insolvency-quarterly-roundup-2021-january-2021-to-march-2021 The year began on a high note, with several noteworthy judgments being delivered by the Indian Supreme Court in matters involving the Insolvency
The Concept Of “As-Is Where-Is” And “As-Is What-Is” A Secured Creditor’s Point Of Responsibility? – Finance and Banking – India
Clipped from: https://www.mondaq.com/india/securitization-structured-finance/1044610/the-concept-of-as-is-where-is-and-as-is-what-is-a-secured-creditor39s-point-of-responsibility Introduction As the legal framework for curtailing and controlling mounting Non-Performing Assets (“NPA“) started becoming inadequate, there was a spike in the number
The Concept Of “As-Is Where-Is” And “As-Is What-Is” A Secured Creditor’s Point Of Responsibility? – Finance and Banking – India
lipped from: https://www.mondaq.com/india/securitization-structured-finance/1044610/the-concept-of-as-is-where-is-and-as-is-what-is-a-secured-creditor39s-point-of-responsibility Introduction As the legal framework for curtailing and controlling mounting Non-Performing Assets (“NPA“) started becoming inadequate, there was a spike in the number
The Principle Of “As Is Where Is” And “As Is What Is Basis” In Relation To Secured Assets Purchased In Public Auction Under Sarfaesi Act,2002-IndiaLaw LLP Blog
Clipped from: https://www.indialaw.in/blog/blog/banking-and-finance/the-principle-of-as-is-where-is-and-as-is-what-is-basis-in-relation-to-secured-assets-purchased-in-public-auction-under-sarfaesi-act2002/ INTRODUCTION As the Legal frame work and mechanism for curtailing and controlling mounting Non- Performing Assets (“NPA”) has become inadequate and outdated which
Tax indemnity clause leads to friction among buyers & sellers of firms | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/irritant-for-pe-players-as-m-as-face-friction-over-tax-indemnity-clause-121042901412_1.html The Centre had allowed the tax dept more time to relook at old transactions Buyers and sellers of companies are clashing over how long they
Information Utility advantage – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/information-utility-advantage/article34442461.ece Part of IBC framework, Information Utility is a boon for creditors One of the biggest challenges faced by business entities, especially the smaller
Ministry of Corporate Affairs nudges Sebi on startup listing rules – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/startups/mca-nudges-sebi-on-startups-listing-rules/articleshow/82315977.cmsSynopsis A startup that has listed on the IGP platform can migrate to the mainboard provided the company meets several conditions, including a profit
Sebi gives more time to brokers, clearing members for compliance with rules – The Financial Express
Clipped from: https://www.financialexpress.com/market/covid-19-sebi-gives-more-time-to-brokers-clearing-members-for-compliance-with-rules/2242639/ The deadline for maintaining call recordings of orders or instructions received from clients has been extended till June 30, 2021, Sebi said in
SEBI eases compliance requirements, cos can file Q4 results till Jun 30–business today
The companies have also been given an additional month till June 30 to file their annual secretarial compliance report. SEBI also eased compliance requirement for
Promoters go for ‘asset protection trusts’ fearing default – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/promoters-go-for-asset-protection-trusts-fearing-default/articleshow/82298238.cms Synopsis–Many companies have seen profitability crash or even entire business models facing major disruption due to Covid pandemic driven demand slump. The fear
Acre ARC set to purchase Indiabulls assets – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/acre-arc-set-to-purchase-indiabulls-assets/articleshow/82310813.cmsSynopsis The deal is yet another attempt by the Sameer Gehlaut-led Indiabulls Group to shed capital-intensive assets as it moves to a new business
Jaypee Infratech insolvency: NBCC sweetens bid, to offer up to 1,903 acres land to lenders – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/jaypee-infratech-insolvency-nbcc-sweetens-bid-to-offer-up-to-1903-acres-land-to-lenders/articleshow/82315910.cmsSynopsis Earlier this month, NBCC and Mumbai-based Suraksha group submitted their fresh bids to acquire Jaypee Infratech through the insolvency process, as per the
Upholding the ‘right of refusal’ – The Hindu BusinessLine
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
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
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