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Archive: June, 2023

Posts in June, 2023

FEATS & Failures of IBC & CIRP

June 18, 2023 1545 Views 0 comment Print

Delve into the complexities of the Insolvency and Bankruptcy Code, 2016, exploring its objectives, mechanisms, and the principle of allocative efficiency. Assess the success and failures of IBC & CIRP, analyzing their impact on debt recovery, credit availability, stakeholder interests, and entrepreneurship. Uncover the real-world numbers, revealing challenges and opportunities in the quest for efficient corporate insolvency resolution in India.

MSME & Startups: Catalyst to Economic Growth

June 18, 2023 2859 Views 1 comment Print

Explore the pivotal role of MSMEs & Startups in driving India’s economic growth. Learn about their contribution, significance, government initiatives, and the impact of Budget 2023 on their development. Uncover the symbiotic relationship between the economy and these dynamic businesses, fostering job creation, innovation, and sustainable practices.

NCLT Approves Ace Infracity’s Resolution Plan for 3C Homes | Order

June 18, 2023 2613 Views 0 comment Print

NCLT has granted approval to Ace Infracity Developers for their resolution plan to acquire debt-ridden 3C Homes. Read details of approved plan, including provisions for compensation, possession of residential plots, and compliance with IBC.

Jupiter Wagons Ltd’s Resolution Plan to Acquire Stone India approved

June 18, 2023 2067 Views 0 comment Print

Jupiter Wagons Ltd (JWL) receives approval from Kolkata National Company Law Tribunal (NCLT) for its resolution plan to acquire a controlling stake in Stone India.

ICSI Celebrates 35 Years of Recognition: Developing Future-Ready Global Professionals

June 18, 2023 1137 Views 0 comment Print

ICSI) marks a significant milestone as the practice side of the profession completes 35 years of recognition. Read about ICSI’s efforts in developing skilled professionals, establishing good corporate governance globally, and pursuing international accreditation. Contact details provided in the press release.

Janakalyan Sahakari Bank Ltd. Appointment of Concurrent Auditors

June 18, 2023 3654 Views 0 comment Print

Janakalyan Sahakari Bank Ltd. invites applications from Chartered Accountant/Cost Accountant firms for appointment of Concurrent Auditors to conduct audits of its branches from 1st July 2023 to 30th June 2024.

J&K Bank Concurrent Auditor Empanelment 2023-24

June 18, 2023 13188 Views 0 comment Print

Learn how to apply for empanelment as a Concurrent Auditor with J&K Bank for year 2023-24. Find eligibility criteria, guidelines for filling online application, and terms of engagement for Concurrent Auditors.

CBI Arrests CGST Officials in Jabalpur Bribery Case, Chargesheet CIT & Arrests EPFO Officer

June 18, 2023 2637 Views 0 comment Print

The Central Bureau of Investigation (CBI) has made significant progress in multiple bribery cases, including the arrest of CGST officials in Jabalpur and the filing of a chargesheet against a former Income Tax Commissioner. Additionally, an Enforcement Officer from EPFO has been arrested for accepting a bribe. The Central Bureau of Investigation (CBI) has been […]

ED arrest former CA and statutory auditor of Shakti Bhog Foods Ltd

June 17, 2023 21732 Views 0 comment Print

Directorate of Enforcement (ED) has taken a significant step in the Shakti Bhog Foods money laundering case by provisionally attaching 59 immovable and movable properties worth Rs. 28.67 Crore. The attachment has been made under the Prevention of Money Laundering Act (PMLA) and involves individuals such as Sunil Dhupar, former CA and statutory auditor of […]

Consultation Paper on IFSCA (Payment Services) Regulations, 20XX: Seeking Public Input

June 17, 2023 879 Views 0 comment Print

Participate in the consultation on the proposed IFSCA (Payment Services) Regulations, 20XX. The International Financial Services Centres Authority (IFSCA) seeks comments and suggestions from the public on the regulations.

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