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,
Category: Legal
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
Compliance and control | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/compliance-and-control-121062201919_1.html New e-commerce rules expand govt role in the business The proposed amendments to the Consumer Protection (e-commerce) Rules, 2020, reflect an accelerating trend
New rules belabour e-commerce – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/new-rules-belabour-e-commerce/2276454/ No comparable regulatory burden on brick&mortar; rules likely to further bind e-com players in red tape But, sadly, these guidelines will impact small
Tax portal glitches: ICAI makes presentations to Finmin officials, Infosys representatives – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/tax-portal-glitches-icai-makes-presentations-to-finmin-officials-infosys-representatives/articleshow/83746489.cms?utm_source=ETTopNews&utm_medium=HP&utm_campaign=TN&utm_content=23Synopsis The meeting was chaired by Finance and Corporate Affairs Minister. Revenue Secretary Tarun Bajaj, CBDT Chairman Jagannath Mohapatra and other finance ministry officials
India’s new e-commerce rules that could jolt foreign, local players – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/indias-new-e-commerce-rules-that-could-jolt-foreign-local-players/articleshow/83747246.cmsSynopsis The rules come as U.S. firms battle allegations from traders for working around foreign investment regulations for the sector, and could further complicate
PMC Bank gets some cooperative support, but revival to take time | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/pmc-bank-gets-some-cooperative-support-but-revival-to-take-time-121062101539_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 The takeover of this bankrupt urban cooperative bank by the Centrum-BharatPe combine marks the first instance of NBFCs, high-net worth individuals and fintechs
FinMin allows small HFCs to take recourse to SARFAESI law – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/finmin-allows-small-hfcs-to-take-recourse-to-sarfaesi-law/article34892235.ece Move is expected to be a shot in the arm for thousands of small HFCs The Finance Ministry has now allowed all housing
DHFL lenders begin voting on proposals to redistribute funds – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/dhfl-lenders-begin-voting-on-proposals-to-redistribute-funds/article34893917.ece ‘Majority of FD holders opposed to proposal’ Lenders to Dewan Housing Finance Corporation have begun voting on new proposals for redistribution of funds
No tax on cash deposits made by housewives – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/no-tax-on-cash-deposits-made-by-housewives/article34891763.ece Tribunal exempts women who deposited less than ₹2.50 lakh during the notes recall period A housewife now may not face any problem from
Can you prepay your dead brother’s loan from your funds? – The Financial Express
Clipped from: https://www.financialexpress.com/money/your-queries-loans-4/2275748/ In a personal loan, sometimes banks call for the guarantor to pay the loan outstanding if the borrower is deceased. The payment of
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