The cases for write-off shall be initiated after adequate steps for recovery of demand have been undertaken. The foremost task for recovery of outstanding demand is the identification of movable or immovable property of a defaulter that can be attached and sold for recovery of outstanding demand(s).
RBI lifts business restrictions imposed on American Express Banking Corp In view of the satisfactory compliance demonstrated by it
Panipat Exporters Association (PEA), Panipat is enlisted under Appendix 2E of FTP, 2015-20 for issuing Certificate of Origin (Non Preferential). Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Vanijya Bhawan, New Delhi Public Notice No. 22/2015-2020 | Dated: 23rd August, 2022 Subject: Enlistment of an Agency under […]
IBBI suspends registration of IP as decision of liquidation was taken without following true spirit of resolving the CD which is a heart and soul of IBC Code and ignoring interest of other creditors.
Offense under section 135AA of Customs Act made compoundable. Competent authority mandated to grant immunity for such offense
Exposure draft- Insurance Regulatory and Development Authority of India (Payment of Commission or Remuneration or Reward to Insurance Agents and Insurance Intermediaries) Regulations, 2022
The Ministry of Consumer Affairs, Food and Public Distribution vide its Notification dated 22nd August, 2022 has notified Legal Metrology (Packaged Commodities) (Third Amendment) Rules, 2022 to insert a new clause in rule 26 of Legal Metrology (Packaged Commodities) Rules, 2011 which pertains to exemptions available in respect of certain packaged commodities. This notification shall […]
RESERVE BAK OF INDIA RBI/2022-2023/110 A.P. (DIR Series) Circular No.12 August 22, 2022 All Category – I Authorised Dealer Banks Madam/Sir Foreign Exchange Management (Overseas Investment) Directions, 2022 Overseas investments by persons resident in India enhance the scale and scope of business operations of Indian entrepreneurs by providing global opportunities for growth. Such ventures through […]
The DC observes that the agenda for appointment of IRP as RP was first placed for voting before CoC in its 1st meeting dated 07.01.2020. The agenda was not approved as it received only 65.89% votes in its favour which fell short of mandatory 66% required for approval of resolution for appointment of IRP as […]
The Authority has been working on implementation of Ind AS in Insurance sector including new standard on insurance contracts in India which is equivalent of IFRS 17 (Insurance Contracts) promulgated by the International Accounting Standards Board (IASB).
