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IBBI Releases 2024 Guidelines for Insolvency Professionals

  03 Dec 2024   0 comment
IBBI issues guidelines for appointing Insolvency Professionals as IRPs, RPs, Liquidators, and Bankruptcy Trustees, effective January 1 to June 30, 2025....
Posted Under: Corporate Law |

Financial Haircuts Under IBC Process and Government Measures

  28 Nov 2024   0 comment
Details on financial haircuts under the IBC process, creditor claims, and steps to ensure proper implementation of IBC provisions....
Posted Under: Corporate Law |

GST Exemption on Health and Life Insurance Policies

  28 Nov 2024   0 comment
Government discusses GST exemptions on health and life insurance policies and addresses claim monitoring, with a focus on Ayushman Bharat and senior citizen coverage....
Posted Under: Corporate Law |

Govt explains Loan Settlement of ₹49,000 Cr Debt for ₹455 Cr

  28 Nov 2024   0 comment
Clarification on the ₹49,000 crore debt settlement for ₹455 crore under CIRP. Details of NCLT approval, creditors' recovery, and the IBC process....
Posted Under: Corporate Law |

ED Arrests Two Chinese Nationals in Digital Loan Fraud

  27 Nov 2024   0 comment
ED arrests two Chinese nationals for exploiting borrowers through digital loan apps, charging high rates, and extorting money using personal data....
Posted Under: Corporate Law |

NFRA Recommends Auditing Standards for LLPs

  26 Nov 2024   0 comment
NFRA recommends 40 Auditing Standards for LLPs under the LLP (Amendment) Act 2021, effective from April 2026, for approval by the Central Government....
Posted Under: Corporate Law | ,

Ministry Directs EPFO to Ensure UAN Activation via Aadhaar OTP for Employees

  23 Nov 2024   0 comment
EPFO directs employers to activate UAN for employees via Aadhaar OTP to ensure access to benefits under government schemes by November 30, 2024....
Posted Under: Corporate Law |

IBBI Proposes Revisions to Grievance and AFA Timelines

  21 Nov 2024   0 comment
IBBI seeks feedback on revising grievance redressal, disciplinary framework, and AFA timelines to enhance clarity and operational efficiency under IBC, 2016....
Posted Under: Corporate Law |

Proposed Monitoring Committees Under CIRP: Discussion Paper

  21 Nov 2024   0 comment
IBBI proposes mandatory monitoring committees in CIRP for smoother implementation of resolution plans as per SC's recommendations. Submit comments by 9th Dec 2024....
Posted Under: Corporate Law |

CBDT Launches Awareness Campaign on Foreign Asset Disclosure

  19 Nov 2024   0 comment
CBDT starts a campaign for AY 2024-25 to assist taxpayers in accurately reporting foreign assets and income in ITR under Black Money Act compliance....
Posted Under: Corporate Law |

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