Judgement on Corpus Fund
Application No IA 1651 of 2020 In CP (IB) 1765/MB/C-II/2018 Applicant Resolution Professional Respondent Union Bank of India & Ors. Subject Under Section 60 (5) of the Insolvency and Bankruptcy…
Communique Newsletter – Volume 1.3
8.2.2022 Newsletter : https://drive.google.com/file/d/1DrLb3WGC18hnRrgi0k9-WOwyUromxZr9/view?usp=sharing
What is digital rupee? And how will it work?
SynopsisCBDC is a digital or virtual currency but is not comparable to the private virtual currencies that have mushroomed over the last decade. Union finance minister Nirmala Sitharaman has announced…
IBBI plans to reduce timelines under voluntary liquidation process.
Synopsis“The proposed amendments by curtailing the unwarranted time spent on various activities aim to ensure early completion of voluntary liquidation process, thereby, provide quicker exit for the corporate person, release…
Disclosures in the abridged prospectus and front cover page of the offer document
February 04, 2022 To All Recognized Stock Exchanges (except Commodity Exchanges)All Recognized DepositoriesIssuer CompaniesMerchant Bankers and Brokers registered with SEBIRegistrars to an Issue Dear Sir / Madam, I. Disclosures in…
RBI Cautions against unauthorised forex trading platforms
February 03, 2022 The Reserve Bank of India (RBI) has noticed misleading advertisements of unauthorised Electronic Trading Platforms (ETPs) offering forex trading facilities to Indian residents, including on social media…
Guidelines on Accounting with respect to Indian Accounting Standards (IND AS)
February 04, 2022 All Mutual Funds (MFs)/Asset Management Companies (AMCs)/Trustee Companies/ Boards of Trustees of Mutual Funds/Association of Mutual Funds in India (AMFI) Sir / Madam, 1. SEBI vide notification…
Clarification regarding the Most-Favoured-Nation (MFN) clause in the Protocol to India’s DTAAs with certain countries
New Delhi, 3rd February, 2022 The Protocol to India’s Double Taxation Avoidance Agreements (DTAAs) with some of the countries, especially European States and OECD members (The Netherlands, France, the Swiss…
Judgement on lien of FD by banks for recovery of pre-cirp dues
Subject Insolvency and Bankruptcy Code, 2016 Case Kotak Mahindra Bank Limited Vs. Ravindra Loonkar, RP of ACIL LtdCorporate Debtor: ACIL Ltd Tribunal NCLAT New Delhi Summary: No recovery action in…
Schemes of Arrangement by Listed Entities
February 01, 2022 To All Recognized Stock Exchanges (except Commodity Exchanges)All Recognized DepositoriesIssuer CompaniesMerchant Bankers and Brokers registered with SEBIRegistrars to an Issue Dear Sir / Madam, SEBI vide Circular…