The Board also discussed the plan of action for FY 2017-18. Some of the major initiatives proposed are as follows: Reducing the listing time gap by bringing down the issue timing from the existing requirement of T+6. Allowing, in consultation with Stakeholders and Regulators, institutional participation in commodity derivatives markets in phased manner.
Besides Shri U.K.Sinha, Chairman, SEBI, the meeting was attended by members of the SEBI Board namely, Shri Tapan Ray, Shri. Arun P. Sathe. Shri S. Raman and Shri. G. Mahalingam. Executive Directors and other senior officials of SEBI were also present.
The insolvency professional agencies (IPAs) are front line regulators for the IPs under the Code. The Insolvency and Bankruptcy Board of India (IBBI) commenced registration of IPAs from 28th November, 2016 in accordance with the regulations. It has registered at the end of the quarter the following three IPAs: Sl. Name of IPA Promoted by […]
IBBI issued five regulations to provide for regulation of service providers and enable implementation of provisions relating to corporate insolvency resolution and liquidation.
Article covers Supply Chain Management, Production & Distribution, Legal, Finance and Accounting, Job work & ISD (Input Service Distributor) and Structural Changes
The Basic Idea of the proposed Insolvency and Bankruptcy Code, 2016 is that when an enterprise ( Individual, Firm, or Corporate Person) defaults, the control shifts to Committee of Creditors. They have specified time limit to evaluate proposals for resuscitating (rehabilitating) the enterprise or take to liquidation.
Public related many activities/ services around the world are being given to private entities to build and operate and after certain point of time (depending upon the contractual arrangements between the parties) it is being handed over back to the entity (generally known as Grantor) who initially requested.
CS Deepak Pratap Singh We Indians have charity inherited in our heart, we have grown by seeing that our fathers’ and forefathers’ are donating in various temples, mosques, gurudwaras and churches. We are donating or doing philanthropic works without knowing that , who is the true beneficiary of our donation or charity. The fact if […]
Harsh punitive actions to be taken against the deviant Shell Companies including freezing of Bank Accounts, striking off the names of dormant companies, invocation of Benami Transactions (Prohibition) Amendment Act, 2016; A Task Force set-up under the Co-chairmanship of the Revenue Secretary and Corporate Affairs Secretary with members from various regulatory Ministries and Enforcement Agencies […]
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