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Archive: September, 2022

Posts in September, 2022

Liquidator Empowered to Decide Mode of Sale: NCLT

September 11, 2022 1047 Views 0 comment Print

NCLT held that it is the Liquidator who has to take call on what mode of sale is in the best in the interest of maximization of value of assets.

NCLT can call any information/evidence under Rule 43: NCLAT

September 11, 2022 2361 Views 0 comment Print

Adjudicating Authority under Rule 43 of NCLT Rules, 2016, can call for any information or evidence as it may consider necessary in its discretion

Post-Conviction Compounding of Cheque Bounce Offences Permissible

September 11, 2022 3750 Views 0 comment Print

Court, while exercising power under Section 147 of Negotiable Instruments Act, can proceed to compound offence even after recording of conviction by courts below.

Joint petition not maintainable for different cheque bounce issues

September 11, 2022 2370 Views 0 comment Print

Petitioner filed instant petition under Section 482 of Cr. P. C challenging four complaints filed by respondent against him alleging commission of offences under Section 138 of Negotiable Instruments Act. These four complaints pertain to four different cheques.

Arbitrator has discretion to grant post-award interest: SC

September 11, 2022 4935 Views 0 comment Print

Arbitrator has discretion to grant post-award interest. Section 37(1)(b) does not fetter discretion of arbitrator to grant post-award interest

FAQs on Clause 44 of FORM 3CD

September 11, 2022 103095 Views 7 comments Print

If an assessee is not registered in GST (exclusively engaged in making exempt supply) , does clause 44 of Form 3CD Report apply or not?

Prudential Norms : Auditors Liability for willful default

September 11, 2022 3378 Views 0 comment Print

Explore the recent RBI norms on auditors liability for willful default, emphasizing the role of Chartered Accountants in ensuring accurate financial reporting. Understand the criteria for identifying non-cooperative borrowers and the consequences for auditors found negligent. Dive into the mechanisms and procedures outlined by RBI for dealing with willful default cases, offering insights into the definition and consequences of willful default and diversion & siphoning of funds. Stay informed on the regulatory landscape and guidelines to maintain financial integrity

Is Bitcoin Mining Illegal?

September 11, 2022 3999 Views 0 comment Print

When Satoshi Nakamoto launched Bitcoin in 2009, there was much hope in the cryptocurrency as a better alternative to the centralized financial system.

How Much Energy Goes into Bitcoin Mining?

September 11, 2022 2283 Views 0 comment Print

You probably already have heard about Bitcoin, the most popular cryptocurrency. You might even be a Bitcoin user. But do you know anything about Bitcoin mining?

Ways to Use Bitcoin in Your Daily Life

September 11, 2022 3006 Views 0 comment Print

Have you used Bitcoin today? Better still, how many times have you used Bitcoin in the last week? These questions would shock most people, including those who consider themselves staunch Bitcoin users.

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