Clipped from: https://www.thehindubusinessline.com/news/national/pre-pack-insolvency-for-msmes-now-a-reality/article34246885.ece Centre issues Ordinance; debt default threshold to be notified The Centre has taken the Ordinance route to introduce pre-packaged insolvency resolution process (pre-pack)
Category: MSME-Startup
IBC ordinance allows prepack for MSMEs, eases resolution with minimum pain | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/ibc-ordinance-allows-prepack-for-msmes-eases-resolution-with-minimum-pain-121040500720_1.html Ordinance is designed to ensure quicker, cost-effective and value maximising outcomes for all stakeholders in a manner that least disrupts their businesses and
Pre-pack problems | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/pre-pack-problems-121040501240_1.html MSME Ordinance violates basic principle of IBC The government has decided that a “pre-packaged” resolution process for micro, small, and medium enterprises (MSMEs)
Small businesses: How tax payments will change under QRMP – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/small-businesses-how-tax-payments-will-change-under-qrmp/article34245565.ece The Quarterly Return filing and Monthly Payment of taxes (QRMP) scheme came into force on January 1, 2021, under GST. It is expected
Centre promulgates IBC amendment ordinance to allow pre-packaged insolvency for MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/legal/centre-promulgates-ibc-amendment-ordinance-to-allow-pre-packaged-insolvency-for-msmes/articleshow/81909630.cmsSynopsis A pre-packaged resolution essentially translates to a company preparing a restructuring plan with its creditors before initiating insolvency proceedings. This helps to cut
Government amends insolvency law; introduces pre-packaged resolution process for MSMEs | Business News,The Indian Express
Clipped from: https://indianexpress.com/article/business/banking-and-finance/government-amends-insolvency-law-introduces-pre-packaged-resolution-process-for-msmes-7259484/ An ordinance was promulgated to amend the Insolvency and Bankruptcy Code (IBC) on April 4, according to a notification. As per the ordinance,
Pre-pack problems | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/pre-pack-problems-121040501240_1.html MSME Ordinance violates basic principle of IBC The government has decided that a “pre-packaged” resolution process for micro, small, and medium enterprises (MSMEs)
In relief to micro-enterprises, ICAI softens accounting standards blow – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/economy/in-relief-to-micro-enterprises-icai-softens-accounting-standards-blow/article34239244.ece?homepage=true A special category has been created The Institute of Chartered Accountants of India (ICAI) has exempted micro-enterprises from the adoption of certain accounting
Now, a pre-packaged insolvency process for MSMEs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/msme/now-in-india-a-pre-packaged-insolvency-process-for-msmes/article34242211.ece?homepage=true Centre issues ordinance to introduce pre-packaged insolvency for corporates classified as MSMEs The Centre has used the Ordinance route to introduce pre-packaged insolvency
Defying the Covid-19 pandemic: Buoyant exports of ‘core’ products signal trade edge – The Financial Express
Clipped from: https://www.financialexpress.com/economy/defying-the-covid-19-pandemic-buoyant-exports-of-core-products-signal-trade-edge/2226796/ India’s exports of ‘core’ products, or goods excluding petroleum and gems & jewellery, have accelerated at a quicker pace than that of overall
Insolvency scheme: Govt, regulator finalising pre-pack framework, MSME scheme – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/insolvency-scheme-govt-regulator-finalising-pre-pack-framework-msme-scheme/2226793/ The government and the regulator are in the process of finalising a so-called pre-pack insolvency scheme, while a special framework for micro, small
Govt, regulator finalising pre-pack framework, MSME scheme – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/insolvency-scheme-govt-regulator-finalising-pre-pack-framework-msme-scheme/2226793/ The government and the regulator are in the process of finalising a so-called pre-pack insolvency scheme, while a special framework for micro, small
Banks sanctions Rs 25,586 cr to 1.14 lakh Stand-Up India accounts in 5 years – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-sanctions-rs-25586-cr-to-1-14-lakh-stand-up-india-accounts-in-5-years/articleshow/81900372.cmsSynopsis Under the scheme, bank loans between Rs 10 lakh and Rs 1 crore are provided to at least one Scheduled Caste/ Scheduled Tribe
‘Start-ups to see upswing by mid-2021’ – The Hindu
Clipped from: https://www.thehindu.com/business/Industry/start-ups-to-see-upswing-by-mid-2021/article34192902.ece While the pandemic’s impact on the start-up segment was “debilitating” with about 15% temporarily shutting shop, Wadhwani Foundation — a not-for-profit group that
MFIs revival: Major risks, gaps facing microfinance in India–BUSINESS TODAY
Clipped from: https://www.businesstoday.in/opinion/columns/mfis-revival-major-risks-gaps-facing-microfinance-in-india/story/435512.html RBI should take cognisance of the situation and work together with sector representatives and government to eliminate the flaws and make the microfinance
A dive into five contentious issues contained in Finance Bill, 2021 | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/a-dive-into-five-contentious-issues-contained-in-finance-bill-2021-121031000706_1.html Govt may have to respond to concerns over equalisation levy, exporters issues, definition of the term ‘liable to tax’ and taxability of interest
Jana Small Finance Bank files DRHP to raise Rs 700 crore via fresh share issue – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/jana-small-finance-bank-files-drhp-to-raise-rs-700-crore-via-fresh-share-issue/2225230/ Its capital adequacy ratio stood at 19.3%, with the tier-I ratio at 13.1%, in FY20. The bank’s net interest margin (NIM) stood at
What gross profit margin tells about a firm – The Financial Express
Clipped from: https://www.financialexpress.com/money/your-money-what-gross-profit-margin-tells-about-a-firm/2225092/ Higher the gross profit margin, better the firm’s efficiency in managing its production expenses Let us look at the computation of gross profit
Industries in Pune recovering from lockdown losses – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/industries-in-pune-recovering-from-lockdown-losses/article34214156.ece The survey conducted by the Mahratta Chamber of Commerce, Industries and Agriculture (MCCIA), Pune found that 48 per cent of the surveyed companies
Moneyboxx Finance raises Rs 25 crore from NBFCs, small finance banks – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/money/moneyboxx-finance-raises-rs-25-crore-from-nbfcs-small-finance-banks/articleshow/81684219.cmsSynopsis MBFL plans to utilize the proceeds to support its disbursement target in the current and upcoming financial year. NEW DELHI:Moneyboxx FinanceLtd (MBFL) has
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