Category - Business Law

IBBI notifies Fastrack Insolvency Resolution Process for Corporate Persons Regulations

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA PRESS RELEASE 15th June, 2017 Insolvency and Bankruptcy Board of India notifies Fast Track Insolvency Resolution Process for Corporate Persons Regulations The Insolvency and Bankruptcy Board of India (IBBI), in exercise of its powers conferred by sections 58, 196 and 208 read with section 240 of the Insolvency and… Read More

Limited Liability Partnership (Amendment) Rules, 2017- Amendment in Rule 37

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS   Notification                                                                                                       New Delhi, dated the 16th May, 2017.   G.S.R (E)…… -In exercise of the powers conferred by sub-sections (1) and (2) of section 79 of the Limited Liability Partnership… Read More

Insolvency and Bankruptcy Code, 2016 – Clause (a) to clause (d) of section 2 of the Code relating to voluntary liquidation or bankruptcy shall come into force from 1st April, 2017

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 15th May, 2017 S.O. 1570(E).—In exercise of the powers conferred by sub-section (3) of section 1 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016) (hereinafter referred to as the ‘Code’), the Central Government hereby appoints the 1st April, 2017 as the date on which the… Read More

Foreign Trade Policy, 2015-20 – Amendments in Paras 2.72, 2.73, 2.74, 2.81 & 2.82 and Appendix 2S of the Handbook of Procedures, 2015-2020 with immediate effect

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE OF FOREIGN TRADE) PUBLIC NOTICE New Delhi, the 24th April, 2017 No. 4 /2015-20   Subject:- Amendments in Paras 2.72, 2.73, 2.74, 2.81 & 2.82 and Appendix 2S of the Handbook of Procedures, 2015-2020   F. No. 01/91/171/37/AM10/EC.—In exercise of the powers conferred under Paragraph 1.03… Read More

Exemption from section 5 of the Competition Act to certain enterprise

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 27th March, 2017 S.O. 988(E).—In exercise of the powers conferred by clause (a) of section 54 of the Competition Act, 2002 (12 of 2003), the Central Government, in public interest, hereby exempts the enterprises being parties to –– (a) any acquisition referred to in clause (a) of… Read More

Amendments in Chapter 4 of the Foreign Trade Policy 2015-20

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 21st March, 2017 No. 42/2015-2020 Subject: Amendments in Chapter 4 of the Foreign Trade Policy 2015-20 S.O. 905(E).— In exercise of powers conferred by Section 5 of FT (D&R) Act, 1992, read with paragraph 1.02 of the Foreign… Read More

Amendment in Para 4.44 of Chapter 4 of the Foreign Trade Policy (FTP) 2015-20

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 22nd February, 2017 No. 39 /2015-2020   Subject: Amendment in Para 4.44 of Chapter 4 of the Foreign Trade Policy (FTP) 2015-20 S.O. 596(E).—In exercise of powers conferred by Section 5 of FT (D&R) Act, 1992, read with… Read More

Amendment in Paragraph 4.34(i) of Chapter 4 of the Foreign Trade Policy (FTP) 2015-2020

MINISTRY OF COMMERCE & INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 23rd February, 2017 No. 40 /2015-2020   Subject: Amendment in Paragraph 4.34(i) of Chapter 4 of the Foreign Trade Policy (FTP) 2015-2020. S.O. 619(E).—In exercise of powers conferred by Section 5 of FT (D&R) Act, 1992, read with… Read More

Union Budget 2017 Highlights – Live from FM’s speech

Macro Economic  Forex Reserves at healthy 361 b $ representing 12 months of imports IMF GDP growth forecast at 7.2% in 2017 and 7.7% in 2018 Demo and GST to have an affirmative impact in the long term 3 Changes for this Budget Budget date advanced to 1st Feb to enable approval of the Bill… Read More

FAQs on Withdrawal of Legal Tender Character of the Old Bank Notes in the denominations of 500 and 1000 and The Specified Bank Notes (Cessation of Liabilities) Ordinance 2016

(Updated as on January 17, 2017) 1. Why was the Scheme of Withdrawal of Legal Tender Character of the old Bank Notes in the denominations of ₹ 500 and ₹ 1000 introduced? The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes,… Read More

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