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RBI places Lakshmi Vilas Bank under Moratorium

November 17, 2020 8943 Views 0 comment Print

Reserve Bank of India Date : Nov 17, 2020 The Lakshmi Vilas Bank Ltd. placed under Moratorium The financial position of The Lakshmi Vilas Bank Ltd. (the bank) has undergone a steady decline with the bank incurring continuous losses over the last three years, eroding its net-worth. In absence of any viable strategic plan, declining […]

IBBI found IP guilty of accepting assignment as IRP after 31st December, 2019 without holding a valid AFA

November 13, 2020 462 Views 0 comment Print

In the present matter it is observed that, Mr. Rajagopal had provided his consent to accept the assignment in Form-2 to Indian Overseas Bank on 01.03.2019 prior to the amendment made to IP regulation for CIRP of Coastal Energy Private Limited, before 31st December, 2019. However, it is observed that the date of commencement of […]

IBBI order IP to undergo pre-registration educational course

November 13, 2020 672 Views 0 comment Print

(i) Mr. Kamalesh Kumar Singhania shall undergo pre-registration educational  course from the IPA of which he is a member. (ii) Mr. Kamlesh Kumar Singhania shall not take any new assignment/ process under the Code without compliance of the above direction.

Transfer/postings of 643 officers in Grade of CIT

November 12, 2020 1272 Views 0 comment Print

F.No. A-22011/6/2020-Ad-VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi -110 001 Dated: 12.11.2020 Office Order No. 220 of 2020 Consequent upon diversion of posts of Commissioner of Income Tax (Appeal) to the newly created National Appellate Faceless Centre (NFAC), Delhi and its four Regional […]

IBBI DC disposes SCN issued against Mr. Vinod Kumar Kothari without any direction

November 11, 2020 969 Views 0 comment Print

The IBBI had issued on 28th August, 2020, the SCN to Mr. Vinod Kumar Kothari for accepting the assignment as the Liquidator in the Voluntary Liquidation of IL&FS Portfolio Management Services Limited after 31st December 2019 without holding a valid Authorisation for Assignment (AFA) issued to him by his IPA. Mr. Kothari in his written […]

50 Transfer/postings in the grade of JCIT/Additional CIT

November 10, 2020 1665 Views 0 comment Print

Office Order No. 219 of 2020 The following transfer/postings (Local changes) of the officers in the grade of Joint Commissioner/Additional Commissioner of Income Tax, are hereby ordered with immediate effect and until further orders: 

Requirement of holding valid AFA also applies to IPs undertaking voluntary liquidation process under IBC

November 9, 2020 1371 Views 0 comment Print

In the present matter, it is observed that, Mr. Dua had mentioned the acceptance of assignment of voluntary liquidation in matter of I V Share and Stock Brokers Ltd before 31.12.2020 however, the documents were not signed until February by one of the key directors. Mr. Dua had given his written consent to act as […]

Revision of deceased claim sanction limit in National (Small) Savings Schemes where no nomination exists or no legal evidence is available

November 6, 2020 15477 Views 0 comment Print

SB Order No. 36/2020 e.F.No.113-02/2019-SB Government of India Ministry of Communications Department of Posts Dak Bhawan, Sansad Marg, New Delhi-110001 Date: 06.11.2020 To, All Head of Circles/Regions Subject: – Regarding revision of deceased claim sanction limit in National (Small) Savings Schemes where no nomination exists or no legal evidence is available. Sir / Madam, Kindly […]

Special Cash Package equivalent in lieu of Leave Travel Concession Fare- Reg.

November 4, 2020 1875 Views 0 comment Print

(i) the advance taken under the Special Cash Package equivalent in lieu of Leave Travel Concession Fare for Central Government Employees during the Block 2018-2021 shall be settled on or before 31st March, 2021, and (i) the invoices of the goods and services purchased as per the scheme may be in the name of spouse or any family member who are eligible for LTC Fare.

Press Tool- Punches (Quality Control) Order, 2020

November 4, 2020 4020 Views 0 comment Print

Compulsory use of Standard Mark.- Goods or articles specified in the column (1) of the Table shall conform to the corresponding Indian Standard specified in column (2) of the said Table and shall bear the Standard Mark under a license from the Bureau as per Scheme-I of Schedule-II of Bureau of Indian Standards (Conformity Assessment) Regulations, 2018:

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