November 30, 2020 Summary of the circular issued by IBBI on 27/11/2020 IBBI launches electronic platform to file the list of creditors by the Resolution Professionals as required under CIRP Regulations, 2016 Further to the notification issued by IBBI on 13/11/2020, requiring the Interim Resolution Professional (IRP) or the Resolution Professional (RP) to file [...]
Related Party Transactions (RPT) are an integral part of the corporate world today. In the early stages of corporate history, RPTs were illegal and could not even be approved or ratified by unanimous shareholder resolutions. Due to practical difficulties faced by companies, at the beginning of the 20th century RPTs [...]
November 24, 2020 Summary of Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) (Second) Guidelines, 2020 issued by IBBI on November 23, 2020 These Guidelines shall come into effect for appointments as Interim Resolution Professionals (IRP), Liquidator, Resolution Professionals (RP) and Bankruptcy Trustee (BT) with [...]
November 17, 2020 Summary of the circular and notifications issued by SEBI and IBBI on 13/11/2020 I. SEBI issues Standard Operating Procedure with respect to imposition of fine and initiation of action in case of non-compliance of continuous disclosures by issuers of listed Non-Convertible Debt Securities(NCDS) and/or Non-Convertible Redeemable Preference Shares(NCRPS) and/or Commercial [...]
November 10, 2020 Summary of the Circular issued by MCA on 09/11/2020 Defaulting LLPs can avail the benefits under LLP Settlement Scheme, 2020 with respect to belated documents due for filing till 30/11/2020 Through this circular, Defaulting LLPs which haven’t filed returns that are due to be filed by 30/11/2020 (as against original [...]
