National Company Law Tribunal Current Affairs, GK & News
The Reserve Bank of India has approved the takeover of Dewan Housing Finance Corporation Ltd (DHFL) by Piramal Group on February 18, 2021. Highlights The decision was taken by RBI after a month a Committee of Creditors of DHFL voted in favor of Piramal’s bid. The bid got the 94 per cent votes. Following this, the resolution plan of the company ..
The government has appointed Justice Bansi Lal Bhat as the officiating chairperson of the National Company Law Appellate Tribunal (NCLAT). He will replace the previous Chairperson Justice Sudhansu Jyoti Mukhopadhaya, who recently retired. Justice Bansi Lal Bhat is a former judge of the Jammu and Kashmir High Court and he is appointed for a period of three months ..
The Reserve Bank of India (RBI) has referred Dewan Housing Finance Corp. Ltd (DHFL) to the National Company Law Tribunal (NCLT) for insolvency proceedings, making it the first financial services player to go NCLT for a possible debt resolution. DHFL has a debt of Rrs.83,873 crore. As per the statutory inspection of DHFL conducted by ..
Category: Economy & Banking Current Affairs
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 offences as well as review other provisions of the Companies Act and the Limited Liability Partnerships Act 2008. Mandate of the Committee The committee will look into ..
Topics: Business law • Corporate law • Economy • Indian company law • Insolvency and Bankruptcy Code • Law • Legal entities • Limited liability partnership • Modi administration • National Company Law Tribunal • Partnerships • United Kingdom company law
Parliament has passed the Companies (Amendment) Bill, 2019. What are the amendments proposed? The Companies Act, 2013 provided that certain classes of public companies are required to issue shares in a dematerialised form (Demat) only. The Bill expands the ambit of this provision for other classes of unlisted companies as well. The bill categorises 16 ..