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Govt extends ad-hoc appointment of 181 officers to the grade of JCIT

July 13, 2022 4914 Views 0 comment Print

Office Order No. 138 of 2022 The President is pleased to extend the ad-hoc appointments in respect of the following officers to the grade of Joint Commissioner of Income Tax (JCIT) for a period of six months w.e.f. 01.01.2022 till 30.06.2022 or till their joining to the grade of JCIT on regular basis or till the date of their retirement, whichever is the earliest: –

Contravention is a contravention whether committed knowingly or unknowingly: IBBI

July 13, 2022 1011 Views 0 comment Print

DC notes that Mr. Dilip Kumar Niranjan should have been more careful and vigilant in conducting the CIRP and should have been cautious and prompt in discharging his duties as an IRP of the CD. The Code, like any other economic law is evolving over period. The jurisprudence around home buyers is also being fortified […]

IBBI suspends registration of IP for 2 years for contravening provisions of IBC Code

July 13, 2022 1275 Views 0 comment Print

With respect to the claim collation, Section 18 (b) provides that IRP receives and collate all the claims submitted by creditors to him, pursuant to the public announcement made under sections 13 and 15. Further Section 25 (2) (e) makes RP responsible to maintain an updated list of claims. On the issue of substantiation of […]

WBGST: Extension of period for completion of GST Audit

July 11, 2022 1050 Views 0 comment Print

Extension of period for completion of Audit as per the proviso to sub-section (4) of section 65 of the WBGST Act, 2017 for the period starting on or after 1st day of July, 2017 and ending on or before 31st day of March, 2018 in cases where audit has commenced till 31st day of May 2022.

IRDAI Constitutes Task force to study issues faced by Life Insurers & Reinsurers

July 7, 2022 516 Views 0 comment Print

To examine the matter in detail and to sort out the issues between Life Insurers and Reinsurers, it is decided to constitute a Task Force with the following participants:

IRDAI Constitutes Task force to study issues faced by Non-Life Insurers & Reinsurers

July 7, 2022 1884 Views 0 comment Print

To examine the matter in detail and to sort out the issues between Non- Life Insurers and Reinsurers, it is decided to constitute a Task Force with the following participants:

IBBI warns IP & advised to be careful & ensure full compliance of IBC, 2016

July 5, 2022 972 Views 0 comment Print

It is observed that in accordance with the regulation 36 of the CIRP Regulations, Mr. Gupta has not mentioned the amount of claims, voting share, details of security interest, date of acquisition, cost of acquisition, remaining useful life, identification number, depreciation charged, book value, and any other relevant details related to assets, as on the […]

Rs.10 lakh penalty imposed for failure to co-opt MD as Additional Director

July 5, 2022 3171 Views 1 comment Print

(a) The company had appointed Mr. Sachin Barisal as the Managing Director and CEO of the Company (KMP) vide its Board Resolution dated 27.2.2020 for a period of five years from March 6 2020. (b) However, by inadvertence, the Board had omitted to co-opt him as Additional Director before appointing him as Managing Director.

IBBI directs IP to undergo pre-registration educational course

July 5, 2022 693 Views 0 comment Print

IBBI held that in view of the submission made by Mr. Sunil Kumar Agarwal, and materials available on record, DC notes that Mr. Sunil Kumar Agarwal has erred on all counts as detailed above. Be it related to filling of avoidance application; appointment of valuers or related to publication announcements, the responses are not as […]

MahaRERA: Process for regular updates on Registered Projects by Promoters

July 5, 2022 4842 Views 0 comment Print

As a step towards ensuring that Real Estate Projects related data is updated and current, MahaRERA categorized all updates to be provided by promoter in 7 categories

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