Business Law - Corporate Law Reporter

Agile Form (Form-INC-35) : A Government Step Toward Ease Of Doing Business

The government introduced the Agile Form INC-35 that has to be filed with E-form SPICE. The form is a mandatory requirement although the directors of the company have an option of opting out of filing GST and other services that are offered with the application of the form. The introduction of the form in the… Read More

Competition Commission of India (General) Amendment Regulations, 2018

THE COMPETITION COMMISSION OF INDIA NOTIFICATION New Delhi, the 6th December, 2018 The Competition Commission of India (General) Amendment Regulations, 2018 (No. 2 of 2018) No. L-3(2)/Regln.–Gen. (Amdt.)/2018/CCI.—In exercise of the powers conferred by Section 64 of the Competition Act, 2002 (12 of 2003), the Competition Commission of India hereby makes the following amendment in… Read More

Insolvency Professionals to act as Interim Resolution Professionals and Liquidators (Recommendation) (Second) Guidelines 2018

Insolvency and Bankruptcy Board of India 7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 Dated: 7 th December, 2018 To, All Registered Insolvency Professionals (By mail to registered email addresses and on web site of the IBBI) Dear Madam/Sir, Subject: Expression of Interest to be in the Panel under Insolvency Professionals to act as Interim… Read More

IBBI issues guidelines for Interim Resolution Professionals and Liquidators

Insolvency Professionals to act as Interim Resolution Professionals and Liquidators (Recommendation) (Second) Guidelines, 2018 30th November, 2018 Provisions in the Insolvency and Bankruptcy Code, 2016 Section 16(3)(a) of the Insolvency and Bankruptcy Code, 2016 (Code) requires the Adjudicating Authority (AA) to make a reference to the Insolvency and Bankruptcy Board of India (Board) for recommendation… Read More

IBBI invites suggestions on draft specimen of Information Memorandum,Evaluation Matrix, Request for Resolution Plans and Resolution Plan

Insolvency and Bankruptcy Board of India No. IBBI/PR/2018/33 26thNovember, 2018 PRESS RELEASE IBBI invites Suggestions and Comments on Draft Specimen: a. Information Memorandum b. Evaluation Matrix c. Request for Resolution Plans, and d. Resolution Plan. The Insolvency and Bankruptcy Code, 2016 (Code) read with the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (Regulations)… Read More

MCA invites public comments on the Competition Act, 2002

Government of India Ministry of Corporate Affairs (Competition & NFRA Section) Invitation for public comments on the Competition Act, 2002 The Ministry of Corporate Affairs (MCA) constituted a Competition Law Review Committee to review the competition Act/ Rules/ Regulations in view of changing business environment and bring necessary changes , if required. The Committee will… Read More

Insolvency and Bankruptcy Board of India (Liquidation Process) (Second Amendment) Regulations, 2018 notified

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 22nd October, 2018 THE INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (LIQUIDATION PROCESS) (SECOND AMENDMENT) REGULATIONS, 2018 No. IBBI/2018-19/GN/REG037 -In exercise of the powers conferred by clause (t) of subsection (1) of section 196 read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31… Read More

IBBI notifies the Insolvency and Bankruptcy Board of India (Mechanism for Issuing Regulations) Regulations, 2018

Insolvency and Bankruptcy Board of India No. IBBI/PR/2018/32 22nd October, 2018 PRESS RELEASE IBBI notifies the Insolvency and Bankruptcy Board of India (Mechanism for Issuing Regulations) Regulations, 2018 The Insolvency and Bankruptcy Code, 2016 (Code) is a modern economic legislation. Section 240 of the Code empowers the Insolvency and Bankruptcy Board of India (IBBI) to… Read More

Insolvency Law Committee submits its 2nd Report on Cross Border Insolvency

Ministry of Corporate Affairs Insolvency Law Committee submits its 2nd Report on Cross Border Insolvency Recommends adoption of the UNCITRAL Model Law of Cross Border Insolvency, 1997 22 OCT 2018 by PIB Delhi The Insolvency Law Committee (ILC) constituted by the Ministry of Corporate Affairs to recommend amendments to Insolvency and Bankruptcy Code of India,… Read More

IBBI issues circular on Valuation under the Insolvency and Bankruptcy Code, 2016

Insolvency and Bankruptcy Board of India 7 th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 CIRCULAR No. IBBI/RV/019/2018 17 th October, 2018 To All Registered Insolvency Professionals All Recognised Insolvency Professional Entities All Registered Insolvency Professional Agencies All Registered Valuers, and All Recognised Registered Valuer Organisations. (By mail to registered email addresses and on website… Read More

CCI amends combination Regulation to expedite disposal of Combination cases

THE COMPETITION COMMISSION OF INDIA NOTIFICATION New Delhi, the 9th October, 2018 The Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Amendment Regulations, 2018 F. No. CCI/CD/Amend/Comb.Regl./2018.—In exercise of the powers conferred by section 64 of the Competition Act, 2002 (12 of 2003), the Competition Commission of IndiaB… Read More

IBBI (Insolvency Professionals) (Second Amendment) Regulations, 2018

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 11th October, 2018 Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Second Amendment) Regulations, 2018 IBBI/2018-19/GN/REG036. In exercise of the powers conferred by sections 196, 207 and 208 read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Insolvency and… Read More

IBBI (Insolvency Professional Agencies) (Amendment) Regulations, 2018 notified

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 11th October, 2018 INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (INSOLVENCY PROFESSIONAL AGENCIES) (AMENDMENT) REGULATIONS, 2018 IBBI/2018-19/GN/REG33. In exercise of the powers conferred by sections 196, 199, 200, 201, 203, 204 read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the… Read More