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Measures for facilitating efficient conduct of the processes by Insolvency Professionals

February 1, 2024 447 Views 0 comment Print

Explore the latest circular from IBBI providing crucial clarifications on the conduct of Insolvency Professionals, covering aspects like rendering professional services in resolution plan implementation and billing compliance.

Measures for rationalisation of regulatory framework of Insolvency Professional Entities

February 1, 2024 315 Views 0 comment Print

Explore the recent circular from IBBI introducing crucial clarifications on disciplinary proceedings, assignment limits, and fee structures for Insolvency Professional Entities (IPEs).

Non-appointment of CS – MCA reduces Penalty from ₹29.94L to ₹4.49L

February 1, 2024 771 Views 0 comment Print

Discover how IBM Global Financing India’s non-appointment of a Company Secretary led to a hefty penalty by MCA, which was later reduced from ₹29.94 lakh to ₹4.49 lakh after appeal.

RBI Mandates Enhanced Compliance Monitoring Solutions

February 1, 2024 1488 Views 0 comment Print

RBI directive urges financial institutions to upgrade compliance monitoring systems. Explore the streamlining process, technology leverage, and implementation timeline.

RBI Restricts Paytm Payments Bank from 29th February 2024

January 31, 2024 9072 Views 0 comment Print

Reserve Bank of India stops new customer onboarding for Paytm Payments Bank due to persistent non-compliances. Details and impact of the regulatory action.

IBBI (Insolvency Professionals) (Amendment) Regulations, 2024

January 31, 2024 768 Views 0 comment Print

Explore the latest amendments by IBBI to Insolvency Professionals Regulations, empowering professionals with new clauses related to resignation, engagement, and provision of services.

Enlistment of chambers /agencies under Appendix 2E of FTP, 2023

January 31, 2024 279 Views 0 comment Print

Explore the latest DGFT public notice reinstating 04 chambers/agencies under Appendix 2E of FTP 2023 for Certificate of Origin (Non Preferential) issuance.

Amendment in CGST Act: Inclusion of 411069 in Table II, Serial Number 83

January 30, 2024 1482 Views 0 comment Print

Explore the latest amendment by the Ministry of Finance to the CGST Act, adding 411069 to Table II, Serial Number 83. Stay informed on tax updates.

CBDT Approves M/s Prayoga, Bengaluru for Scientific Research Funding U/s. 35

January 30, 2024 639 Views 0 comment Print

Discover the latest Income-tax Act notification as the Central Board of Direct Taxes designates M/s Prayoga, Bengaluru, as a qualified Other Institution for Scientific Research funding.

Offence U/s. 138 of NI Act can not be initiated against wife for cheque issued by Husband: HC

January 30, 2024 48600 Views 0 comment Print

Karnataka High Court revolved around Section 138 of Negotiable Instruments Act 1881 in case of Shashikala Jayaram vs. Appayappa – can cheque issued by spouse be prosecutable?

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