Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/promoters-willing-to-infuse-funds-into-mcnally-bharat-md/articleshow/82076863.cmsSynopsis McNally Bharat is among a long list of construction companies to face the prospect of bankruptcy. However, finding buyers for such companies has
Category: IBC-SEBI
Aircel lenders, UVARCL to move Supreme Court as NCLAT bars spectrum sale – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/telecom/telecom-news/aircel-lenders-uvarcl-to-move-sc-as-nclat-bars-spectrum-sale/articleshow/82075912.cmsSynopsis The NCLAT has backed DoT’s stance that spectrum is a national asset that cannot be transferred to a third party, unless statutory dues
Change in tax structure prompted India Inc to favour buybacks again in FY21 | Business Standard News
https://www.business-standard.com/article/companies/change-in-tax-structure-prompted-india-inc-to-favour-buybacks-again-in-fy21-121041400874_1.html In 2020-21, Indian firms offered to buy back shares worth Rs 39,295 crore, or 97% more than Rs 19,972 cr proposed in the previous
SEBI may question Franklin MF on ‘missing’ ₹304 cr – The Hindu BusinessLine
https://www.thehindubusinessline.com/markets/stock-markets/sebi-may-question-franklin-mf-on-missing-304-cr/article34320470.ece Regulator already probing fund house for alleged fraud, unfair trade practices
Legality versus morality | Business Standard Column
Law and morality are often not aligned. Apart from regulations, we must consider the difficult perspective of character versus morality by exploring “behavioural corporate governance”
Related Party Transactions – Section 188 of Companies Act, 2013–TAX GURU
Clipped from: https://taxguru.in/company-law/related-party-transaction-sections-188-companies-act-2013.html How to Identify whether the proposed transaction is a Related Party Transaction u/s 188 of Companies Act, 2013 or not? 1st Stage (Preliminary
Prepack Insolvency Resolution Process Regulations notified for MSMEs–tax guru
Clipped from: https://taxguru.in/corporate-law/prepack-insolvency-resolution-process-regulations-notified-msmes.html Parliament is not in session and the President is satisfied that circumstances exist which render it necessary for him to take immediate action,
The mis-selling menace | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/the-mis-selling-menace-121041301493_1.html Sebi order on AT-1 bonds is in the right direction The Securities and Exchange Board of India (Sebi) in an order has imposed
It’s countdown to splitting CMD posts – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/its-countdown-to-splitting-cmd-posts/article34312794.ece India Inc must work towards separating the roles of the chairman and MD in right earnest to improve governance The SEBI Chairman recently
Two top lenders file petitions against McNally Bharat in NCLT – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/engineering/two-top-lenders-file-petitions-against-mcnally-bharat-in-nclt/articleshow/82055213.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis A consortium of banks that include public sector lenders, private sector banks and foreign banks are owed around ₹4,000 crore by the company.
Insolvency and Bankruptcy Board of India sets up online platforms amid Covid curbs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/insolvency-regulator-sets-up-online-platforms-amid-lockdown-curbs/articleshow/82053411.cmsSynopsis The move will likely unlock big opportunities amid lockdown restrictions. This will likely make life easy for both investors and lenders dealing in
Insolvency and Bankruptcy Board of India sets up online platforms amid Covid curbs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/insolvency-regulator-sets-up-online-platforms-amid-lockdown-curbs/articleshow/82053411.cmsSynopsis The move will likely unlock big opportunities amid lockdown restrictions. This will likely make life easy for both investors and lenders dealing in
Insolvency and Bankruptcy Board of India sets up online platforms amid Covid curbs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/insolvency-regulator-sets-up-online-platforms-amid-lockdown-curbs/articleshow/82053411.cmsSynopsis The move will likely unlock big opportunities amid lockdown restrictions. This will likely make life easy for both investors and lenders dealing in
Franklin seeks to settle probe; SEBI not seen accepting offer – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/franklin-seeks-to-settle-probe-sebi-not-seen-accepting-offer/article34304892.ece?homepage=true Franklin Templeton Mutual Fund (FTMF) has offered to pay a fine and ‘settle’ its ongoing investigations with market regulator SEBI, sources told BusinessLine. SEBI
Board rules for fair play | Business Standard Column
Corporate India may not be too thrilled, but Sebi’s proposals on independent directors are good for India’s governance credentials The Securities and Exchange Board of
MCA eyes revamp of compliance regime – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/mca-eyes-revamp-of-compliance-regime/articleshow/82037786.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis A senior government official told ET that the new system with these features would be rolled out from October. It will significantly bring
Sebi’s delay makes RIL order absurd | Business Standard Column
Sebi’s delay makes RIL order absurd | Business Standard Column https://www.business-standard.com/article/opinion/sebi-s-delay-makes-ril-order-absurd-121041100918_1.html In January 2000, the promoters of Reliance Industries Ltd (RIL), and other entities acting
What is Rights Entitlement of shares? How investors can benefit or lose money; all you need to know – The Financial Express
Clipped from: https://www.financialexpress.com/market/what-is-rights-entitlement-of-shares-how-investors-can-benefit-or-lose-money-all-you-need-to-know/2230662/ Rights Entitlements of shares, the relatively new entrant in the Indian stock market, recently made news when India’s largest brokerage firm Zerodha reported
Tata-Mistry case: SC verdict puts spotlight on duties of nominee directors | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/tata-mistry-case-sc-verdict-puts-spotlight-on-duties-of-nominee-directors-121040901446_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 The Supreme Court’s observations in the Tata-Mistry case has raised questions about the fiduciary duties of nominee directors In its observations, the court
IBC: Can pre-packaged insolvency resolution under IBC be helpful for MSMEs? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/legal/can-pre-packaged-insolvency-resolution-under-ibc-be-helpful-for-msmes/articleshow/81981074.cmsSynopsis The Code emphasizes on reorganization and insolvency resolution of the Corporate Debtor, while maximizing the value of assets of the CD and promoting
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