Corporate Law news

Measures taken by MCA to ameliorate difficulties faced due to COVID-19

Measures taken by MCA to ameliorate difficulties faced due to COVID-19 pandemic The Ministry of Corporate Affairs (MCA) administers the provisions of the Companies Act, 2013 (the Act), The Limited Liability Partnership Act, 2008 and The Insolvency and Bankruptcy Code, 2016. MCA does not maintain data on event base. This was stated by the ...

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Posted Under: Corporate Law |

PLI Scheme

Keeping in view India’s vision of becoming ‘Atmanirbhar’ and to enhance India’s Manufacturing capabilities and Exports, an outlay of INR 1.97 lakh crore (US$ 26 billion) has been announced in Union Budget 2021-22 for PLI schemes for 13 key sectors of manufacturing starting from fiscal year  (FY) 2021-22....

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Posted Under: Corporate Law |

IPs to act as IRP, Liquidators, RP and Bankruptcy Trustees (Recommendation) Guidelines, 2021

Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) Guidelines, 2021...

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Posted Under: Corporate Law |

New Guidelines for International Arrivals in India

This document provides protocols to be complied with international travellers as well those to be followed by airlines, points of entry (airports, seaports and land border) for risk profiling of passengers....

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Posted Under: Corporate Law |

DPIIT can consider PMP for the White Goods Industry

DPIIT can consider PMP for the White Goods Industry- Shri Anurag Jain, Secretary, DPIIT at DPIIT-FICCI Investor Round table on PLI for White Goods DPIIT to support PLI investors to get faster clearances for projects Components Plants coming up at over 50 locations across India Over whelming Response to PLI for White Goods Industry Speaki...

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IBC, 2016 a “gamechanger reform”: Shri Piyush Goyal

Insolvency and Bankruptcy Code (IBC), 2016 a gamechanger reform: Shri Piyush Goyal India’s rank in ‘Resolving Insolvency’ indicator in World Bank’s Ease of Doing Business Report sees a meteoric rise of 84 places, says Shri Goyal IBC an effective deterrent against unscrupulous borrowers: Shri Goyal Minister addresses 5th Foundation...

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Posted Under: Corporate Law |

EPFO added new validation point in Form 11

In the New Form : 11 – Declaration Form, EPFO has added new validation point at Serial No. 12 asking employee to confirm whether he/she was EPF/EPS member on or before September 2014 and if he/she has withdrawn this amount or not.  Format of Form 11 is as follows:- New Form : 11 – Declaration […]...

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Posted Under: Corporate Law |

IBBI invites comments on Cross-Border Insolvency under IBC, 2016

‘Cross-border insolvency’ denotes circumstances in which an insolvent debtor has assets and/or creditors in more than one country. With the rapid increase in globalisation and the advent of sophisticated communications technology, cross-border trade and investment has increased the dependence of national economies on each other....

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BJP MP Varun Gandhi Writes to PM Modi Demanding Law on MSP

BJP MP Varun Gandhi Writes to PM Modi and requested that the demand for a law on MSP & other issues must also be decided upon immediately, so our farmers can return home after ending their agitation....

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EPFO approves investment In all asset classes approved by Govt

Key decisions taken at the 229th meeting of Central Board of Trustees, the apex decision-making body of EPFO. The 229th meeting of Central Board of Trustees (CBT), apex decision-making body of EPFO, was held today in New Delhi under the chairmanship of Shri Bhupender Yadav, Union Minister for Labour & Employment, Vice-chair Shri Rames...

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