Topic: Business law

MCA notifies Insolvency and Bankruptcy Rules, 2019

On 15 Nov, the Ministry of Corporate Affairs (MCA) has notified the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority)...

November 16, 2019

Injeti Srinivas Committee to look into offences under the Companies Act

The government has constituted a committee under Injeti Srinivas, secretary of the Corporate Affairs Ministry to look at recategorization of certain offences under the Companies Act as civil...

September 19, 2019

IDBI Bank launches paperless account opening facility for NRIs

IDBI Bank has launched the ‘NRI-Insta-Online’ account-opening process for Non-Resident Indians (NRIs) residing in Financial Action Task Force (FATF) member countries. The person will not be required to...

April 20, 2019

Pakistan could be blacklisted by FATF

Pakistan Foreign Minister Shah Mahmood Qureshi said that Pakistan could be blacklisted by the Financial Action Task Force because of ‘lobbying by India’ after estimating that the country...

April 6, 2019

11-member working group to go into concept of ‘Group Insolvency’ and suggest a suitable framework

The insolvency regulator Insolvency and Bankruptcy Board of India (IBBI) has set up a 11-member working group under the Chairmanship of former SEBI chief UK Sinha to go...

January 22, 2019

India ranked 77th in World Bank’s Ease of Doing Business Index 2018

India has been ranked 77th in the World Bank’s Ease of Doing Business Index 2018 . With this, India has jumped 23 places from 2017 in which it...

November 1, 2018

NITI Aayog organises Workshop on ‘Best Practices in International Arbitration’ in New Delhi

NITI Aayog has organised Workshop on ‘Best Practices in International Arbitration’ in collaboration with ICC International Court of Arbitration in New Delhi on 10 October 2018. It purpose...

October 10, 2018

Lok Sabha passes Negotiable Instruments (Amendment) Bill, 2017 on cheque bounce cases

On July 23, the Lok Sabha passed the Negotiable Instruments (Amendment) Bill, 2017 that allows a court hearing a cheque bounce case to direct the drawer — the...

July 24, 2018

Indian Army signs MoU with SBI on Defence Salary Package

On July 12, Indian Army signed a Memorandum of Understanding (MoU) with the State Bank of India (SBI) on the Defence Salary Package that will include free personal...

July 13, 2018

India sgns pacts with UK on illegal migrants’ return

India and the United Kingdom (UK) have recently signed two agreements on return of Indians, who are living in Britain as illegal migrants and sharing criminal records and...

January 16, 2018

India gained 30 places to rank 100th among 190 countries in latest ease of doing business

India has gained 30 places to rank 100th among 190 countries in the latest ease of doing business ranking by the World Bank (WB), in its Doing Business...

November 1, 2017

MCX launches India’s first commodity options in gold

The Multi-Commodity Exchange of India Ltd (MCX) has launched India’s first commodity options in gold and gave stakeholders a new set of financial instruments to hedge their price...

October 18, 2017