MUMBAI: In a move aimed at smooth resolution of insolvent firms, the finance ministry is considering waving off the 21-day national lockdown from the bankruptcy
Category: IBC-SEBI
Separate GST registrations confuse interim resolution professionals – The Economic Times
New Delhi: Interim resolution professionals managing various companies under the insolvency process have flagged several issues in a recent notification requiring separate GST registration for
Coronavirus blues: How to prevent insider trading in the midst of COVID-19–Business Today
In India, insider trading is a strict liability offence and regulated in terms of the SEBI (Prohibition of Insider Trading) Regulations 2015 In assuming a
India’s air travel industry jolted by COVID-19, in grave danger of insolvency: IATA | Deccan Herald
India’s carriers are in grave danger of insolvency in the wake of the COVID-19 pandemic, according to the International Air Transport Association (IATA). The current
Expert Explains: Is India ready for the group insolvency | Explained News,The Indian Express
Written by Dheeraj Nair & Angad Baxi Group companies are a set of entities related by shared control or economic dependencies. At present, the Insolvency
Coronavirus outbreak: Why FM Sitharaman’s decision to relax IBC is an important move for businesses–Business Today
The strengthening of the Covid-19 problem also presents an existential crisis for India’s SMEs and SSMEs which have been grappling with a fall in consumer
Domestic aviation industry may incur losses of up to $3.6 billion in Q1: CAPA – The Hindu BusinessLine
CAPA estimates that domestic airlines could lose approximately $1.75 billion, The domestic aviation industry could incur losses of $3.3 billion to $3.6 billion in the
Should Yes Bank have been allowed to be declared insolvent? | Deccan Herald
At first blush, the idea seems outrageous. As a matter of policy, the Reserve Bank of India (RBI) has never allowed any major bank to
Independent directors: Underpaid & unappreciated | Business Standard Column
A lot is expected — rather demanded — of independent directors. By regulators, through the Companies Act and the Securities and Exchange Board of India’s
Real estate sector may not be much affected by the Corona crisis – The Financial Express
For the real estate sector, there is light at the end of the tunnel in the fact that an economic package will very soon be
Welcome changes to the Finance Bill–Economic Times
The slew of amendments to the Finance Bill — softening the tax blow on non-resident Indians (NRIs), expanding the equalisation levy to foreign ecommerce companies,
FM Sitharaman’s relief package: All about convenient extensions of schemes? | Business Standard News
The news of the announcement of a package from the Finance Minister did raise a lot of expectations given the threat of a very negative
Agenda for small private banks: Bridge the trust deficit – The Economic Times
Once bitten, twice shy: That’s the best way to describe wary savers who had parked their money in Yes Bank or PMC Bank, and are
yes bank crisis: Former RBI governor Bimal Jalan blames Yes Bank for the crisis – The Economic Times
New Delhi: Former RBI governor Bimal Jalan has blamed Yes BankNSE -12.33 % for the crisis at the private lender and said some steps could
SMEs: Covid-19 impact: FM Nirmala Sitharaman raises insolvency threshold of default to Rs 1 crore for MSMEs – The Economic Times
With this announcement, SMEs will not have to immediately stare at insolvency from actions taken by a bank or any other creditor. In order to
Costly delay | Business Standard Editorials
Union Finance Minister Nirmala Sitharaman on Tuesday announced a series of measures that essentially provide or extend a grace period for several payments and regulations.
YES Bank AT1 bonds write-down exposes gaps in our ratings systems, yet again – The Hindu BusinessLine
The regulator will have to take rating agencies to task and impose strict penal action for their murky role in recent episodes Even as depositors
Clarification needed from RBI: Is 100% repayment of deposits guaranteed? | Business Standard Letters
This refers to “YES Bank gets 60k crore line of credit from RBI” (March 19). The article quotes Reserve Bank of India (RBI) Governor Shaktikanta
Challenges in enhancing audit quality | Business Standard Column
The most discussed topic today in the audit profession is audit quality. The Ministry of Corporate Affairs (MCA) recently published a consultation paper, the success
No certainty of success with YES bailout plan | Business Standard Column
Unless a resolution mechanism designed for a quick turnaround of stressed financial institutions is implemented, we will continue to lurch from one crisis to the
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