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Orders

CBDT promotes 17 officers to the grade of CCIT

April 18, 2022 6660 Views 0 comment Print

Office Order No. 79 of 2022, Dated: 18 April 2022 – 17 Officers are promoted to the grade of Chief Commissioner of Income Tax (CCIT) F. No. A-32011/5/2021-Ad.VI Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes **** North Block, New Delhi, The 18th April, 2022. Office Order No. 79 […]

Transfer/postings in the Grade of CCIT/DGIT

April 16, 2022 5466 Views 0 comment Print

Office Order No. 75 of 2022 | The following transfer/postings of the officers in the grade of Chief Commissioners of Income Tax/ Director Generals of Income Tax, are hereby ordered with immediate effect and until further orders:-

Transfer/postings in the Grade of Pr. CIT/ Pr. DGIT

April 16, 2022 4335 Views 0 comment Print

F.No. A-22011/212022-Ad-VI (Pt.II) Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi – 110 001 Dated: 16.04.2022 Office Order No. 74 of 2022 On promotion, the transfer/postings of the following officers in the grade of Pr. Chief Commissioner of Income Tax/ Pr. Director Generals of Income […]

Central GST Registration: Proper Officer for approval for physical verification of place of business

April 13, 2022 1647 Views 0 comment Print

Chief Commissioner, State Tax, Rajasthan, hereby, authorise Joint Commissioner /Deputy Commissioner, Central Registration Unit, State Tax, Jaipur for giving approval for physical verification of place of business to the proper officers.

IP cannot appoint related parties to provide support services in CD: IBBI

April 12, 2022 1104 Views 0 comment Print

Under the Code, RP plays a central role in resolution process of the CD, he is appointed by the Adjudicating Authority as an officer of the Court to conduct the resolution process and it is the duty of RP to conduct CIRP with integrity and accountability in the process and to take reasonable care and […]

IBBI bars IP for 2 years for not conducting CIRP as per IBC 2016 provisions

April 8, 2022 705 Views 0 comment Print

The DC observes that Mr. Singh’s conduct displays a lack of understanding of the Code and the Regulations made thereof as the CIRP is a strictly time bound mechanism and he continued to justifies the delay on the pretext awaiting the decision of the AA on the issue of Corporate Guarantors to constitute the CoC. […]

Registered Valuer Fails to inform about Registration of FIR – IBBI directs RV to be extremely careful, diligent & responsive

April 8, 2022 978 Views 0 comment Print

IBBI notes that delay by Mr. Gupta in providing relevant information to the Authority occurred due to the fact, as submitted by Mr. Gupta, that he was not aware of the filing of FIR against him and he came to know about the lodging of the FIR from the RVO on 26.08.2021. The Authority accepts […]

CIRP Regulation: Delay in circulation of minutes of meeting due to holidays

April 8, 2022 2871 Views 0 comment Print

With regard to the issue of the delay in circulation of the CoC minutes, the regulation 24(7) of the CIRP Regulation states that: 24. Conduct of meeting. (7) The resolution professional shall circulate the minutes of the meeting to all participants by electronic means within forty-eight hours of the said meeting. The DC notes the […]

No violation of IBC code if IP not able to appoint registered valuers due to circumstances beyond his control

April 8, 2022 1341 Views 0 comment Print

The DC notes the submission of Mr. Gupta, that despite his best efforts, he did not get any information, documents, records or books of account of the CD and he had to struggle to get hold of the relevant documents, records and information relating to the CD. The DC also notes the submission of Mr. […]

No contravention of IBC Code of Conduct by RP if he takes Insurance cover for himself & insolvency professional entity

April 7, 2022 1335 Views 0 comment Print

The issue before the DC is whether taking insurance cover for Ernst & Young LLP, apart from himself and the insolvency professional entity i.e. Ernst & Young Restructuring LLP, was in contravention of the provisions of the Code, Regulations and the Code of Conduct made thereunder. The DC notes that since the RP and his […]

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