The proposal focuses on enabling creditors to initiate resolution while retaining debtor management under supervision. It sets out detailed steps for initiation, resolution planning, and timelines. The key takeaway is a time-bound framework designed to reduce delays in insolvency cases.
The case involved issuing a private placement offer before filing the required resolution. It was held that such non-compliance attracts penalties despite subsequent filings.
The case involved non-compliance with mandatory appointment of a whole-time company secretary. The authority held that delayed rectification does not remove liability for past violations.
The amendments focus on better protection of creditor interests and structured insolvency processes. They introduce new mechanisms for asset transfer, claim verification, and resolution monitoring.
The adjudicating authority penalized an individual for possessing dual DINs. The order reinforces strict compliance with DIN-related provisions under company law.
DGFT has extended the deadline for TRQ applications under key trade agreements to 25 April 2026. The update ensures additional time for applicants while maintaining existing FTP conditions.
The judgment reiterates that additions under Section 68 cannot be based on presumptions or suspicion without supporting evidence. It held that the Assessing Officer must bring material on record before rejecting explanations.
The issue concerns arrangements structured primarily to obtain tax benefits. It was held that such arrangements can be disregarded or recharacterised under GAAR to neutralise tax avoidance.
The issue concerns taxation of AIFs, securitisation trusts, and business trusts. It was held that income is taxed at the investor level to ensure fiscal neutrality and prevent double taxation.
RBI proposes revised IFR rules requiring payments banks to maintain reserves up to 2% of investment portfolios. The move balances risk management with operational flexibility.
