Major of the assets of the companies covered by current assets and in that Receivables are performs a major part in the organisation and also there is risk of bad debts and hence it is necessary to have proper control over receivables and therefore in India transfer of receivables arising out of sale or loan transactions takes place quite frequently.
Under special insolvency resolution framework for Micro, Small and Medium Enterprises (MSMEs), called the pre-packaged insolvency resolution process (pre-pack), provided in the Insolvency and Bankruptcy Code, 2016 (the Code/IBC), only eligible corporate debtors (CDs) may file applications for resolution under this framework.
Whether the Government is planning to amend the Corporate Social Responsibility (CSR) rules under the Companies Act, 2013 to make it mandatory for the companies to create a corpus for disaster management;
Whether the Ministry has taken cognisance of NCLTs taking note of disproportionate haircuts by lenders to companies using the Insolvency and Bankruptcy Code (IBC) to settle large debts
Version 3 of MCA21 is proposed to be launched and deployed in phases and will include Company and LLP Modules, e-Adjudication, e-Consultation, e-Book, Learning Management and Compliance Management System driven by data analytics, Artificial Intelligence and Machine Learning.
During the current year (from 01.01.2021 to 10.12.2021) total 9781 number of One Person Companies (OPCs) were registered under the provisions of the Companies Act, 2013
Oppression and Mismanagement [Section 241 to Section 246] of the Companies Act Section 241 to Section 246 covers provisions relating to ‘Oppression and Mismanagement’ under the Companies Act. The briefing of all the sections is contained hereunder- Sections Briefing Section 241 Application to Tribunal for Relief in Cases of Oppression, etc. Section 242 Powers of […]
Q.1 What are the different forms of Aadhaar and what are their features? Ans. The Unique Identification Authority of India (UIDAI) has introduced various forms of Aadhaar from time to time for the convenience of residents: Aadhaar Letter: Paper-based laminated letter with secure QR Code with Issue Date and Print Date. Aadhaar letter is sent to […]
Imprisonment is only in cases of serious nature & not for minor mistakes or wrong entries…GST law also doesn’t provide for imprisonment in cases where amount of tax evaded or ITC availed & utilised is less than threshold limit of Rs 1 cr.
ICAI has decided that the students who are in Old scheme stands automatically converted in the Revised Scheme of Education and Training. All such students may make requisition for study material on demand through Central Distribution System by paying Rs.1000/-.
