Recently the Government of India through the Ministry of Finance has announced that the Insolvency & Bankruptcy Code (IBC) proceedings under Section 7, 9 and 10 would be suspended for a period of 6 months and no new proceedings can be filed under these Sections. A new Section 10A is expected to be inserted in the IBC which will bring the suspension into effect.
These are general suggestions, personal Finance, and investment decisions depend upon case to case: 1. 30% of your income must be used for monthly living expenses. 2. 30% of your income must be used for Liabilities repayments if any. 3. 30% of your income must be SAVED and INVESTED for your future LIVING. 4. 10% […]
INTRODUCTION – SECTION 29A OF THE ARBITRATION & CONCILIATION ACT, 1996 Section 29A of the Arbitration & Conciliation Act, 1996 was amended vide Arbitration & Conciliation (Amendment) Act, 2015 w.e.f. 23.10.2015 to set ‘Time Limit for arbitral award’ wherein it was stated that an award shall be rendered within twelve months from the date the […]
Going Concern: Considering the current pandemic situation, it has become imperative to analyze the going assumption of an entity. The evaluation shall involve five areas as specified below: MANAGEMENT’S ASSESSMENT DISCLOSURE REQUIREMENTS Identification of principal risks and uncertainties i.e. liquidity and solvency risk Significant judgements and estimates made by management Revision of budgets Manner of […]
Analysis of Service Export from India Scheme (SEIS) for Services Exporter Foreign Trade Policy In order to encourage exports, the government provides certain benefits in the form of Incentives, etc. to exporters. One such Incentive scheme is SEIS, which is relevant for Service Exporters. Under this scheme service exporters receives certain percentage of Net Foreign […]
A hostile takeover takes place when a company acquires another company by direct interaction with the shareholders or by making an attempt to replace the management of the company in order to take over it. The takeover bidding takes place when the acquirer makes efforts to take control of the target company without any prior approval or discussion with the Board of Directors of the target company.
Article explains What is Copyright Infringement, What is Exception to Copyright Infringement, Doctrine of Fair Dealing and In which particular Benchmark Judgement was Fair Dealing included. What is Copyright Infringement? Copyright infringement refers to the unauthorized use of someone’s copyrighted work. Thus, it is the use of someone’s copyrighted work without permission thereby infringing certain rights […]
The Non-Banking Financial sectors in India have gone through major growths over the last few decades. Their contribution and their ways of evolving out from a small banking sector to innovative strata has been the best thing for the economy of India. They have provided financial inclusions and lower business loan interest rate in the […]
On 23 March 2020 the CBIC issued some clarifications regarding the Goods and Services Tax (GST) compliances needed to be adhered to by the corporate debtors (CD) undergoing Corporate Insolvency Resolution Process (CIRP). Prescribing special procedures under Section 148 of the Central Goods and Services Act, 2017 (CGST Act) for such CDs, the IBBI tried […]
LLPs have gained its importance since the introduction of Companies Act 2013. The LLP is a separate legal entity, liable to the full extent of its assets but the liability of the partners is limited to their agreed contribution in the LLP. A limited liability partnership (LLP) is a partnership in which some or all […]
