"23 August 2020" Archive - Page 2

IBC as a trigger for M&A activities

The Insolvency and Bankruptcy Code, 2016 (IBC) is landmark legislation consolidating the regulatory framework governing the restructuring and liquidation of persons (including incorporated and unincorporated entities). The previous liquidation regime before the incorporation of the IBC focused more on winding up of the corporate body in d...

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Posted Under: Corporate Law |

Requirement of Aadhaar Authentication for GST Registration

Frequently Asked Questions related to Aadhar Authentication of Applicant for GST Registration as notified by Central Board of Indirect Taxes and Customs vide Notification No 62/2020 – Central Tax dated 20th August, 2020  Question 1:- Whether Rule 8(4A) of CGST Rules, 2017 applies on Persons referred u/s 25(6d) of CGST Act, 2017? Answer...

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Posted Under: Corporate Law |

Loan Restructuring Scheme for Covid-19 Affected Borrowers

The Reserve Bank of India has, vide notification dated 06.08.2020, issued a new framework for resolution of stressed loans caused by Covid-19 pandemic. The Reserve Bank of India told that, it will allow lenders to restructure loans of borrowers who are struggling to repay because of the fallout of the pandemic. The restructuring will enab...

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Posted Under: Corporate Law |

Transparent Taxation ‑Faceless assessment

The announcement by the Government of India on 13th August 2020, of Transparent Taxation – Honouring the Honest, it is an extension of E-assessment scheme 2019 launched by Government of India in September 2019. The CBDT passed Notification No. 60 & 61/2020 along with an Order F.No. 187/3/2020 dated 13th August, 2020. The objective o...

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Posted Under: Corporate Law |

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