Piramal group to takeover the DHFL

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 ..

Month: Current Affairs - February, 2021

Justice Bansi Lal Bhat appointed as officiating chairperson of NCLAT

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 ..

DHFL becomes 1st financial services firm to be taken to NCLT

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 ..

Month: Current Affairs - November, 2019

Companies (Amendment) Bill, 2019

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 ..

Companies (Amendment) Bill, 2019

After much deliberations, the Lok Sabha passed The Companies (Amendment) Bill, 2019. This Bill seeks to amend the Companies Act, 2013 and replaces an earlier replace the ordinance promulgated earlier in this regard. What is the bill? The Companies (Amendment) ..

 Induslnd Bank- BFIL merger to be effective from July

The merger of Induslnd Bank and Bharat Financial Inclusion Ltd (BFIL) will be effective from 4 July 2019. This decision to file National Company Law Tribunal (NCLT) Order on 4 July, by lender IndusInd , BFIL and IFIL with Registrar ..

Month: Current Affairs - June, 2019