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IBBI (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2022

June 15, 2022 2169 Views 0 comment Print

Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2022 Insolvency and Bankruptcy Board of India Press Release No. IBBI/PR/2022/28 | Dated: 15th June, 2022 Insolvency and Bankruptcy Board of India amends the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2016 […]

IBBI (Grievance & Complaint Handling Procedure) (Amendment) Regulations, 2022

June 15, 2022 2454 Views 0 comment Print

Insolvency and Bankruptcy Board of India (Grievance and Complaint Handling Procedure) (Amendment) Regulations, 2022 Insolvency and Bankruptcy Board of India Press Release No. IBBI/PR/2022/27 | Dated: 15th June 2022 Insolvency and Bankruptcy Board of India amends the Insolvency and Bankruptcy Board of India (Grievance and Complaint Handling Procedure) Regulations, 2017 and the Insolvency and Bankruptcy Board […]

Govt Exempts Capital Gains on transfer of Capital Assets to NTPC Green Energy Limited by NTPC Ltd

June 15, 2022 843 Views 0 comment Print

Central Government hereby notifies the transfer of capital asset from NTPC Limited (PAN: AAACN0255D), being transferor public sector company, to NTPC Green Energy Limited (PAN: AAICN1737G), being transferee public sector company, under the plan approved by the Central Government on 21st day of March, 2022, for the purposes of the said clause.

IBBI (Inspection and Investigation) (Amendment) Regulations, 2022

June 14, 2022 1368 Views 0 comment Print

These Regulations may be called the Insolvency and Bankruptcy Board of India (Inspection and Investigation) (Amendment) Regulations, 2022.

IBBI (Information Utilities) (Amendment) Regulations, 2022

June 14, 2022 1938 Views 0 comment Print

These Regulations may be called the Insolvency and Bankruptcy Board of India (Information Utilities) (Amendment) Regulations, 2022.

Cost Inflation Index for Financial Year 2022-23

June 14, 2022 20781 Views 0 comment Print

CBDT notifies Cost Inflation Index for Financial Year 2022-23 at 331 vide Notification No. 62/2022-Income Tax | Dated: 14th June, 2022.

Bank finance to Government owned entities

June 14, 2022 1518 Views 0 comment Print

We have come across instances where banks have not been strictly complying with our extant instructions on assessment of commercial viability, ascertainment of revenue streams for debt servicing obligations and monitoring of end use of funds in respect of their financing of infrastructure/ housing projects of government owned entities.

Notification No. 61/2022 – Jurisdiction of Income tax Authorities

June 10, 2022 8223 Views 0 comment Print

Section 120(1) (2) and (5) of the Income-Tax Act, 1961 – Jurisdiction of Income tax Authorities Supersession of Notification No. 23/2021 dated 31st March, 2021– Notification No. 61/2022 – Income Tax | Dated: 10th June, 2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES), New Delhi Notification No. 61/2022 – Income Tax […]

PMC bank merger with Unity Small Finance Bank – Provisioning on interbank exposure & valuation of PNCPS & Equity Warrants

June 10, 2022 2175 Views 0 comment Print

Punjab and Maharashtra Co-operative Bank Limited (Amalgamation with Unity Small Finance Bank Limited) Scheme, 2022 – Provisioning on interbank exposure and valuation of Perpetual Non-Cumulative Preference Shares (PNCPS) and Equity Warrants

Notification No. 60/2022-Income Tax – Control of income-tax authorities

June 10, 2022 1989 Views 0 comment Print

Notification No. 60/2022-Income Tax, Dated: 10.06.2022 – Control of income-tax authorities. Also Read: Corrigendum Notification No. 78/2022-Income Tax, Dated: 04.07.2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 60/2022-Income Tax | Dated: 10th June, 2022 S.O. 2692(E).—In exercise of the powers conferred by section 118 of the Income-tax Act, […]

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