Page-3 of National Company Law Tribunal Current Affairs, GK & News
Insolvency and Bankruptcy Code (IBC) act was considered as a path breaking legislation which provided for a time bound resolution of insolvency and bankruptcy cases. The act was brought in to address the challenge of chakravyuha i.e. exit issues in the Indian economy . The issue was highlighted in the Economic Survey, 2016. Features of ..
Topics: Bankruptcy • Debt • Economy • Finance • Insolvency • Insolvency and Bankruptcy Board of India • Insolvency and Bankruptcy Code • Insolvency in Ireland • Modi administration • Money • National Company Law Tribunal • United Kingdom insolvency law
The committee, chaired by Corporate Affairs Secretary Injeti Srinivas, has recently submitted final report on review of penal provisions of Company Act 2013 to the Union Minister for Finance & Corporate Affairs, Arun Jaitley. The Committee recommended that the existing rigour of the law should continue for serious offences, covering six categories, whereas for lapses ..
In October, 2017, the Financial Resolution and Deposit Insurance Bill 2017 has been referred to a Joint Parliamentary Committee of 30 members from both the Houses. This bill, once becoming a law, would repeals the Deposit Insurance and Credit Guarantee Corporation Act, 1962 to transfer the deposit insurance powers and responsibilities to the proposed Resolution ..