Clipped from: https://www.business-standard.com/article/opinion/bankruptcy-process-needs-a-re-look-121070801514_1.html A mechanism is needed to ensure bank-led resolution- not the NCLT- is the first resort for lenders Bankers are finding out that the National
Category: Legal
Tax Talk: Do shares come under the ambit of ‘goods’? – The Financial Express
lipped from: https://www.financialexpress.com/money/income-tax/tax-talk-do-shares-come-under-the-ambit-of-goods/2286623/ Clarity from the tax department is needed on TDS implications on transactions in unlisted shares and securities While the Sale of Goods Act,
ET Wealth’s new Legal/Will section tells you all about will, trusts, divorce, inheritance rights and more – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/et-wealths-new-legal/will-section-tells-you-all-about-will-trusts-divorce-inheritance-rights-and-more/articleshow/84166523.cmsSynopsis ET Wealth has launched a new section that will cover a whole gamut of topics related to writing a will, how to make
Entities like Facebook have to remain accountable, says SC; upholds Delhi Assembly’s right to summon – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/entities-like-facebook-have-to-remain-accountable-says-sc-upholds-delhi-assemblys-right-to-summon/articleshow/84240187.cmsSynopsis Entities like Facebook, which has around 270 million users in India, have to remain accountable to those who entrust them with such power,
Termination of telecom licence will kill RCom resolution, Deloitte tells bankruptcy court – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/telecom/telecom-news/termination-of-telecom-licence-will-kill-rcom-resolution-deloitte-tells-bankruptcy-court/articleshow/84246107.cmsSynopsis Under the IBC proceedings, RCom’s committee of creditors in March 2020 had cleared a resolution plan that would see asset reconstruction firm UVARCL
Did you know? Debit, credit cards come with accident insurance cover – The Hindu
Clipped from: https://www.thehindu.com/business/did-you-know-debit-credit-cards-come-with-accident-insurance-cover/article35207559.ece Not many customers are aware of this; experts suggest customers check with their banks about the kinds of insurance policies offered Debit and
Reliance Retail Future Deal: Future Retail-Reliance deal: SC to hear on July 20 Amazon plea against HC verdict – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/future-retail-reliance-deal-sc-to-hear-on-july-20-amazon-plea-against-hc-verdict/articleshow/84230549.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis On February 22, the top court had asked the National Company Law Tribunal (NCLT) not to pass the final order on the amalgamation.
Cairn Energy secures French court order to seize 20 Indian govt properties – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/cairn-energy-secures-french-court-order-to-seize-20-indian-govt-properties/article35206769.ece?homepage=true Recovery is part of a $1.7-billion arbitration award over reversed retrospective tax demand Britain’s Cairn Energy Plc has secured a French court order
Government to take legal recourse once it gets asset freeze notice from Cairn Energy – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/government-to-take-legal-recourse-once-it-gets-asset-freeze-order-by-cairn-energy/article35208688.ece?homepage=true Finance ministry says Government remains open for an amicable solution to the dispute within the country’s legal framework The Government on Thursday said
Firms slap ‘double TDS’ notices on shareholders – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/firms-slap-double-tds-notices-on-shareholders/article35200973.ece?homepage=true Confusion over linking of PAN, Aadhaar with demat and bank accounts Several thousand stock market investors and individual taxpayers said they have received
Centre may notify labour codes in 4 months – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/policy-trends/centre-may-notify-labour-codes-in-4-months/articleshow/84197298.cmsSynopsis “Five states have notified rules across four codes and at least a dozen more are expected to notify soon,” a government official said.
Ecommerce Rules: MSMEs urge Prime Minister Modi to reconsider proposed e-commerce rules – The Economic Times
lipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/msmes-urge-prime-minister-modi-to-reconsider-proposed-e-commerce-rules/articleshow/84192850.cmsSynopsis India SME Forum, which has more than 86,000 members from about 270 different industries, has pleaded the PM to save the MSME sector
NCLAT allows withdrawal of Oyo insolvency case in setback to hoteliers – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/startups/nclat-allows-withdrawal-of-oyo-insolvency-case-in-setback-to-hoteliers/articleshow/84198131.cmsSynopsis Oyo has reached an out-of-court settlement with hotelier Rakesh Yadav, but scores of others had approached NCLT with claims against the company that
Bank fraud: Shakti Bhog CMD Kewal Krishan Kumar arrested in money laundering case – The Financial Express
Clipped from: https://www.financialexpress.com/india-news/bank-fraud-shakti-bhog-cmd-kewal-krishan-kumar-arrested-in-money-laundering-case/2284305/ A forensic audit done by the bankers pointed out that the company, in its account books of financial year 2015-16, showed that its
Compensation payable for not complying with court order | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/compensation-payable-for-not-complying-with-court-order-121070400687_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 The National Commission held that flouting of the High Court’s directions constituted a deficiency in service for which Bhupati could seek remedy under
95% Jet staff must consent to Kalrock-Jalan proposal or lose benefits | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/95-jet-staff-must-consent-to-kalrock-jalan-proposal-or-lose-benefits-121070501191_1.html Voting on the consortium’s offer for employees and workmen began on Monday and will go on till August 4 The National Company Law
How good is Sebi at recovering money? | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/bs-number-wise-how-good-is-sebi-at-recovering-money-121070500151_1.html The value of notices Sebi has sent out since getting recovery powers in 2013 is more than twice Mumbai’s annual municipal budget The
Net loss: The Hindu Editorial on Internet access to schools – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/net-loss-the-hindu-editorial-on-internet-access-to-schools/article35108596.ece The Centre must help provide Internet links to all schools as an essential service The digital divide in India’s school education system, reflected
Government should bring provisions under IBC for priority settlement of MSME vendors’ dues, says expert – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-government-should-bring-provisions-under-ibc-for-priority-settlement-of-msme-vendors-dues-says-expert/2284430/ Ease of Doing Business for MSMEs: The government in April this year had introduced an ordinance for a pre-packaged insolvency resolution process for
New greater role for independent directors – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/new-greater-role-for-independent-directors/articleshow/84121698.cmsSynopsis It is welcome that Sebi has thoroughly revised its stipulations for independent directors (ID) so as to boost oversight and corporate governance across
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