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IBBI penalises IP for laxity & delay in obtaining documents related to CD

May 10, 2022 870 Views 0 comment Print

The DC of IBBI observes that under section 35(1)(l) of the Code it is duty of liquidator to investigate the financial affairs of the corporate debtor to determine undervalued or preferential transactions. The liquidator is not required to depend on SCC for filling applications under sections 43, 45, 50 or 66 of the Code. In […]

IBBI suspends registration of IP for arrest by CBI for alleged undue advantage demand

May 9, 2022 423 Views 0 comment Print

Mr. Maity is handling 13 assignments, which are ongoing. It has been mentioned in the press release, that the CBI has arrested Mr. Maity regarding demand for undue advantage of Rs.20,00,000/-.

Telangana State One-Time Settlement Scheme 2022 – To settle disputed taxes

May 9, 2022 16749 Views 5 comments Print

Commissioner of Commercial Taxes, Telangana, Hyderabad, the Government have decided to introduce a One Time Settlement Scheme to settle disputed tax under the legacy Acts such as Andhra Pradesh General Sales Tax Act, 1957, the Telangana Value Added Tax Act, 2005, the Central Sales Tax Act, 1956 and the Telangana Entry of the Goods into Local Areas Act, 2001

Notice For Appointment of One Trustee on NPS Trust Board

May 6, 2022 1335 Views 0 comment Print

The Authority presently is desirous of appointing one Trustee on the Board of Trustees who shall be a citizen of India and satisfying the eligibility conditions as stipulated under Regulation 5 of the aforementioned regulations as also the Guidelines for Appointment of Trustees dated 12.01.2018 issued by the Authority

IBBI cancels registration of IP for contravention of provisions

May 6, 2022 651 Views 0 comment Print

In the matter of Mr. Chakravarthi Srinivasan, Insolvency Professional (IP) under Section 220 of the Insolvency and Bankruptcy Code, 2016 read with Regulation 11 of the Insolvency and Bankruptcy Board of India (Insolvency Professional) Regulations, 2016 and Regulation 13 of the IBBI (Inspection and Investigation) Regulations, 2017.

IBBI suspends registration of IP for failure to take custody of entire records of CD

May 6, 2022 606 Views 0 comment Print

Mr. Gupta has failed to take custody of the entire records of the CD. One of the objectives of filing application under section 19 is to get orders of AA so as to compel the CD to cooperate. Filing of application after finalisation of resolution plan defeats the very purpose of filing of the application […]

Measures for effective Prison Administration & security arrangements

May 2, 2022 798 Views 0 comment Print

Medical facilities in jail hospitals/dispensary may be strengthened and improved in such a manner that reduces the requirement of referral of inmates outside the prison complex. Psychological assessment of inmates by competent medical professionals may be encouraged to reduce depression in prison inmates and provide them with a positive outlook in life.

Penalty for delay in Transfer of Unspent CSR Amount – MCA levied penalty

April 29, 2022 1770 Views 0 comment Print

Violation of Section 135(5) occurs when a company fails to comply with this requirement by not spending the prescribed amount on CSR activities within the stipulated time frame.

Last date of filing PT return for 21-22 is extended to 31.5.2022 in West Bengal

April 29, 2022 17763 Views 0 comment Print

Last date of filing PT return return in Form III for Year Ending 2021-22 is extended to 31.5.2022 in West Bengal vide order dated 29.04.2022  Government of West Bengal Directorate of Commercial taxes Office Of The Commissioner Of Commercial Taxes And Profession Tax 14, Beliaghata Road, Kolkata-700015 ORDER Memo No: 75/CT/PRO | Dated: 29.04.2022 Whereas there are […]

SOP for filing cases arising from Regulatory functions of MahaRERA

April 25, 2022 1548 Views 0 comment Print

MAHARASHTRA REAL ESTATE REGULATORY AUTHORITY Order No. 29/2022 Date 25/04/2022 No. MahaRERA/Secy/File No.27/ 108 /2022 Sub: – Standard Operating Procedure for filing cases arising from Regulatory functions of MahaRERA Whereas, Government of India has enacted the Real Estate (Regulation and Development) Act, 2016 (the Act) and all sections of the Act have come into force […]

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