IBC 2016 leaves no room to RP for expediency or scope of interpretation of provisions in favour of any party. The RP is duty bound to bring all the facts before the CoC for taking appropriate decision. Again, post facto approval, after inviting fresh EOI from DSKL does not help the cause of Mr. Pankaj Sham Joshi either.
On the anti-evasion side, based on extensive data analysis, officers of Central Goods & Services Tax, Delhi Zone detected a case of availment of ineligible Input Tax Credit and short payment of tax in excess of Rs. 218 Crores. Out of this, an amount of Rs. 84 Crore has been since recovered. Kudos to the officers for their excellent detections. Keep up the good work!
As per Section 92(1)(f) of the Companies Act, 2013: Every company shall prepare a return (hereinafter referred to as the annual return) in the prescribed form containing the particulars as they stood on the close of the financial year regarding – meetings of members or a class thereof, Board and its various committees along with […]
Company contravened with the AS-18 read with Section 129 read with Schedule III of Companies Act, 2013 thereby affecting true and fair view of state of affairs of Company from financial year 2016-17 to 2020-21. Auditor failed to comment on the same in audit report for aforesaid financial years.
Insurers are hereby permitted to pay profit related commission to non-executive director(s) including the non-executive director(s) appointed under section 48A of the Insurance Act, 1938, under the deemed approval mechanism
It is observed that the Company has not filed annual return since incorporation, therefore no record is available regarding the number of board meetings taken place. Hence, it is implied that the Company has not conducted the board meetings. Therefore, it appears that the provision of section 173(1) of the Companies Act, 2013 has been […]
Govt permits 39 entities to perform authentication under Aadhaar Act for section 11A of Prevention of Money-laundering Act 2002- PMLA Act 2002
NCLT Dress Code for President, Members, Legal Practitioner, Authorised Representative, IRP/RP/Liquidator and parties in person File No. 25/02/2023-NCLT NATIONAL COMPANY LAW TRIBUNAL 6th Floor, Block-3, CGO Complex, Lodhi Road, New Delhi- 110003 Dated: 27th January 2023 ORDER In supercession of National Company Law Tribunal (NCLT)’s order dated 02.08.2016 and 14.11.2017, and in exercise of the […]
This has reference to IFSCA’s circular F.No.329/IFSCA/Bullion MIIs/2021 dated September 17, 2021 regarding the captioned subject. It has been decided to extend the 6 month period specified in paragraphs 3 and 4 of the aforementioned circular by an additional period of 6 months i.e., till July 28, 2023.
National Stock Exchange of India Circular Ref No: NSE/CML/2023/11 – Date: January 27, 2023 The Company Secretary All Listed Companies Subject: Filing of announcements in XBRL format on NSE Electronic Application Processing System (NEAPS) platform. With reference to the captioned subject various circulars were issued by Exchange(s) for seeking comments/feedback from listed companies on XBRL […]
