Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/jury-is-still-out-on-whether-bankrupt-companies-be-allowed-to-trade-on-bourses/articleshow/83875278.cmsSynopsis Retail shareholders are often at the losing end of bankruptcy resolutions at companies. Among other recent examples, hundreds of thousands of retail shareholders
Category: Legal
DHFL retail investor moves NCLAT against delisting of shares – The Financial Express
Clipped from: https://www.financialexpress.com/industry/dhfl-retail-investor-moves-nclat-against-delisting-of-shares/2278691/ On June 7, National Company Law Tribunal (NCLT) had approved the resolution plan of Piramal Capital and Housing Finance (PCHFL) which offered to
Tax department doesn’t think sanitiser companies’ accounts are clean – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/tax-department-doesnt-think-sanitiser-comapanies-accounts-are-cean/articleshow/83828856.cmsSynopsis Pharmaceutical companies say sanitisers are medicaments, while the taxman considers them disinfectants. The indirect tax department’s investigation arm, Director General of GST Intelligence
Headless NCLT awaits reforms to speed up resolution of pending cases | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/headless-nclt-awaits-reforms-to-speed-up-resolution-of-pending-cases-121062500038_1.html Over 20K cases pending and more than half linked to insolvency, bankruptcy Experts said NCLT had a sanctioned strength of 63 members just
Rs 2,435-cr bank fraud case: CBI books ex-Crompton Greaves chairman, others | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/bank-fraud-case-cbi-books-former-crompton-greaves-chairman-gautam-thapar-121062401189_1.html The CBI on Thursday carried out searches at locations in Mumbai, Delhi and Gurgaon. Gautam Thapar The CBI on Thursday carried out searches
Share buyback case: SAT stays Sebi’s penalties on Cairn India, others | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/share-buyback-case-sat-stays-sebi-s-penalties-on-cairn-india-others-121062401270_1.html The buyback offer was scheduled to open on January 23, 2014 and close on July 22, 2014. The Securities Appellant Tribunal (SAT) has
Consumer protection rules: Decoding the impact on e-commerce firms, buyers | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/consumer-protection-rules-decoding-the-impact-on-e-commerce-firms-buyers-121062301907_1.html The proposed rules have created quite a stir among companies, with some anticipating a change in their business structure if these are implemented
Forced rescue – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/rbi-and-the-centre-must-do-their-best-to-ensure-that-the-pmc-bank-resolution-works/article34935111.ece?homepage=true RBI and the Centre must do their best to ensure that the PMC Bank resolution works Afer 20 months of being left out
DHFL creditors vote against higher distribution of funds to small investors – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/dhfl-creditors-vote-against-higher-distribution-of-funds-to-small-investors/article34932244.ece?homepage=true NCLT had suggested 40% recovery to small investors similar to that of financial creditors The Committee of Creditors of Dewan Housing Finance Corporation
Long haul ahead | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/long-haul-ahead-121062301934_1.html Jet Airways revival will be a challenge for new owners The National Company Law Tribunal has cleared the revival plan for Jet Airways,
Suraksha group beats NBCC India in close race to buy Jaypee Infratech | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/suraksha-group-beats-nbcc-india-in-close-race-for-jaypee-infratech-121062301561_1.html It’s a photo finish with Suraksha getting 98.66% votes, while NBCC gets 98.54% All lenders, except ICICI Bank, voted in favour of both
Intermediaries must comply with new IT Rules – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/intermediaries-must-comply-with-new-it-rules/2277214/ WhatsApp and other controversies notwithstanding, the Indian market remains open only upon compliance The government views this stand as nothing but an afterthought,
Lessons from resolution of Jet Airways – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/lessons-from-resolution-of-jet-airways/articleshow/83790052.cmsSynopsis The company had received claims of nearly Rs 25,000 crore, of which the resolution professional admitted Rs 8,462 crore as legitimate claims. The
Mostly Welcome Microfinance Norms – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/mostly-welcome-microfinance-norms/articleshow/83790207.cmsSynopsis The RBI paper now seeks to streamline and update microfinance regulation across all regulated entities, which makes perfect sense. The rates of interest
India’s new intermediary rules: Reasons why the fear of tax-slapping is unfounded – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/indias-new-intermediary-rules-reasons-why-the-fear-of-tax-slapping-is-unfounded/articleshow/83788477.cmsSynopsis The new rules require that the three officers employed by the significant social media intermediary must be resident in India. Now, the essential
New rules for e-commerce companies likely to raise compliance burden | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/new-rules-for-e-commerce-companies-likely-to-raise-compliance-burden-121062300032_1.html The consumer affairs ministry proposed changes to Consumer Protection Rules, 2020 The new e-commerce rules, as proposed in by the Ministry of Consumer
Antitrust watchdog CCI orders probe into Google in smart TVs suit | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/antitrust-watchdog-cci-orders-probe-into-google-in-smart-tvs-suit-121062201826_1.html India’s antitrust watchdog on Tuesday ordered an investigation into allegations that Alphabet Inc’s Google abused its Android operating system’s position in the country’s
Just 2 players in telecom mkt will be tragic: Bharti Airtel’s Sunil Mittal | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/just-2-players-in-telecom-mkt-will-be-tragic-bharti-airtel-s-sunil-mittal-121062202001_1.html According to DoT estimates, Vodafone Idea owes Rs 58,400 crore as AGR dues Sunil Mittal Terming India’s near duopoly telecom space “tragic”, Bharti Airtel Chairman Sunil
TDS/TCS norms: New tool on I-T portal to help businesses do ‘compliance check’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/tdstcs-norms-new-tool-on-i-t-portal-to-help-businesses-do-compliance-check/article34914830.ece List of non-specified persons will get freezed at the beginning of the financial year The Income Tax Department has provided a new functionality
Jet Airways may take a year to start flying again after revival plan approval – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/jet-may-take-a-year-to-start-flying-again/articleshow/83765810.cmsSynopsis The new owners of Jet, a consortium of UK-based investor Kalrock Capital and Gulf businessman Murari Lal Jalan, will need to seek several
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