Page-6 of Insolvency and Bankruptcy Code
Pradeep Kumar Sinha committee constituted to address issues of stressed thermal power projects
The Union Government has constituted a high level empowered committee to address the issues of stressed thermal power projects. The committee will be headed by Cabinet Secretary, Pradeep Kumar Sinha with representatives from the Ministry of Railways, Ministry of Finance, ..
Government releases draft on cross-border insolvency resolution
The Ministry of Corporate Affairs has released draft on cross-border insolvency in order to strengthen Insolvency and Bankruptcy Code (IBC). It will help banks access overseas assets of company undergoing resolution. Similarly, Indian authorities will also be required to cooperate ..
Month: Current Affairs - June, 2018
Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018 Promulgated
President Ram Nath Kovind has assented to the promulgation of Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018 on June 6, 2018. This ordinance makes some fine-tuning mechanisms in the Insolvency and Bankruptcy Code, 2016. Key Points This ordinance brings some specific ..
Month: Current Affairs - June, 2018
Insolvency and Bankruptcy Board of India inks MoU with RBI
The Insolvency and Bankruptcy Board of India (IBBI) signed Memorandum of Understanding (MoU) with Reserve Bank of India (RBI) for increased cooperation in effective implementation of insolvency law. The MoU was singed at time when authorities are working on ways ..
Month: Current Affairs - March, 2018
Government notifies the Companies (Amendment) Act, 2017
The Ministry of Corporate Affairs has notified the Companies (Amendment) Act, 2017. The Amendment Act amended some provisions of Companies Act, 2013. Few provisions in the Amendment Act have important bearing on the working of the Insolvency and Bankruptcy Code ..
Month: Current Affairs - January, 2018
CBDT relaxes norms for MAT on firms facing insolvency
The Central Board of Direct Taxes (CBDT) has announced to relax norms around levy of minimum alternate tax (MAT) for insolvent companies from financial year 2017-18. The purpose of the move is to make the Insolvency and Bankruptcy Code, 2016 ..