Category - Business Law

The Economic Times presents FEMA & Investment Regulation Masterclass- Mumbai, Jan 19 I Special offer for CLR members

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The Economic Times presents FEMA & Investment Regulation Masterclass- Mumbai, Jan 19 I Special offer for CLR members

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IBBI (Fast Track Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2017 notified

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 31st December, 2017 INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (FAST TRACK INSOLVENCY RESOLUTION PROCESS FOR CORPORATE PERSONS) (FOURTH AMENDMENT) REGULATIONS, 2017 No. IBBI/2017-18/GN/REG23.—In exercise of the powers conferred by clause (t) of sub-section (1) of section 196 read with section 240 of the Insolvency and… Read More

IBBI (Insolvency Resolution Process For Corporate Persons) (Fourth Amendment) Regulations, 2017 notified

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 31st December, 2017 INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (INSOLVENCY RESOLUTION PROCESS FOR CORPORATE PERSONS) (FOURTH AMENDMENT) REGULATIONS, 2017 No. IBBI/2017-18/GN/REG22. —In exercise of the powers conferred by clause (t) of sub-section (1) of section 196 read with section 240 of the Insolvency and Bankruptcy… Read More

Insolvency and Bankruptcy Code (Amendment) Act, 2017 introduced in Lok Sabha

THE INSOLVENCY AND BANKRUPTCY CODE (AMENDMENT) BILL, 2017 A BILL to amend the Insolvency and Bankruptcy Code, 2016 BE it enacted by Parliament in the Sixty-eighth Year of the Republic of India as follows:— (1) This Act may be called the Insolvency and Bankruptcy Code (Amendment) Act, 2017.       (2) It shall be deemed to… Read More

Corporate Insolvency Resolution Process: A New Recovery Mechanism for Operational Creditors

Corporate Insolvency Resolution Process: A New Recovery Mechanism for Operational Creditors  Background The Insolvency and Bankruptcy Code, 2016 (the Code) provides for a specialized forum to oversee insolvency and liquidation proceedings for individuals, firms and corporates.  The code also recognizes National Company Law Tribunal (NCLT) as the Adjudicating Authority for the purpose of Insolvency and… Read More

Tags: Corporate Insolvency Resolution ProcessIBCInsolvency and Bankruptcy Code

IBBI notifies Regulations for handling of Grievances and Complaints

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 6th December, 2017 No. IBBI/2017-18/GN/REG/21.—In exercise of the powers conferred under sections 196, 217, read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Insolvency and Bankruptcy Board of India hereby makes the following Regulations, namely :— CHAPTER I PRELIMINARY… Read More

ICSI releases Secretarial Standard-3 on “Dividend”

The Institute of Company Secretaries of India (ICSI)  has introduced Secretarial Standard -3 (SS-3) on Dividend. This standard prescribes the set of principles in relation to the declaration and payment of Dividend and matters related thereto. The principles set out in this standard relates to declaration and payment of Dividend on equity as well as preference share capital in accordance… Read More

Facility of transfer of shares to IEPF Authority demat account held in CDSL system

Circular No.: NSDL/CIR/II/22/2017 Date: November 28, 2017 Sub: Facility of transfer of shares to IEPF Authority demat account held in CDSL system Attention of Issuers/RTAs is invited to NSDL Circular No. NSDL/CIR/II/21/2017 dated November 24, 2017 regarding transfer of shares to IEPF Authority. In this context, Issuers/R&T Agents are hereby informed that the facility of… Read More

Insolvency and Bankruptcy Code (Amendment) Ordinance, 2017 amends IB code

  MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 23rd November, 2017/Agrahayana 2, 1939 (Saka) THE INSOLVENCY AND BANKRUPTCY CODE (AMENDMENT) ORDINANCE, 2017 No. 7 OF 2017 Promulgated by the President in the 6Day-eighth Year of the Republic of India. An Ordinance to amend the Insolvency and Bankruptcy Code, 2016. WHEREAS the Insolvency and Bankruptcy… Read More

IBBI Fast Track Insolvency Resolution Process for Corporate Persons (Third Amendment) Regulation notified

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 7th November, 2017 INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (FAST TRACK INSOLVENCY RESOLUTION PROCESS FOR CORPORATE PERSONS) (THIRD AMENDMENT) REGULATIONS, 2017 No. IBBI/2017-18/GN/REG020.—In exercise of the powers conferred by clause (t) of sub-section (1) of section 196 read with section 240 of the Insolvency and… Read More

IBBI strengthens its Due Diligence Framework under the Insolvency and Bankruptcy Code, 2016

Insolvency and Bankruptcy Board of India (IBBI) strengthens its Due Diligence Framework under the Insolvency and Bankruptcy Code, 2016  Now prior to approval of a Resolution Plan, the Resolution Applicants, including promoters, will be put to a stringent test with respect to their credit worthiness and credibility; Amendments to the IBBI (Insolvency Resolution Process for… Read More

MCA notifies IEPFA (Accounting, Audit, Transfer and Refund) Second Amendment Rules, 2017

GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, the 13th October, 2017 G.S.R.  (E).- In exercise of the powers conferred by sub-sections (1), (2), (3), (4), (8), (9), (10) and (11) of section 125, sub-section (6) of section 124 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government… Read More

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