Suspension of IBC
June 1, 2020 INSOL India - Editorial Team
Insolvency filing under the IBC has been barred or suspended for a period of one year. In order to deal with the Covid-19 situation, the Reserve Bank of India is likely to soften its restructuring provision norms to deal with stressed..
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Relaxation in timelines for compliance with regulatory requirements
June 1, 2020 INSOL India - Editorial Team
In view of the Covid-19 pandemic, and the lockdown imposed by the Government of India and the State Governments, the SEBI by its circular No. SEBI/HO/MIRSD/DOP/CIR/P/2020/82 dated 15th May 2020 in exercise of powers conferred on it under Section 11(1)..
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Relaxation from the applicability of SEBI Circular dated October 10, 2017 on noncompliance with the Minimum Public Shareholding (MPS) requirements
June 1, 2020 INSOL India - Editorial Team
SEBI vide its circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/81 dated 14th May 2020 in exercise of powers conferred on it under Section 11(1) of the Securities and Exchange Board of India Act, 1992, read with regulations 97, 98, 101 and 102 of the..
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Additional relaxation in relation to compliance with certain provisions of SEBI
June 1, 2020 INSOL India - Editorial Team
In view of the COVID-19 Pandemic, Securities and Exchange Board of India by its circular No. SEBI/HO/CFD/CMD1/CIR/P/ 2020/79 dated 12th May 2020 in exercise of powers conferred by Section 11(1) of the Securities and Exchange Board of India Act, 1992..
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Clarification on dispatch of notice under Section 62(2) of Companies Act, 2013
June 1, 2020 INSOL India - Editorial Team
In view of the Covid-19 and the lockdown condition, the Ministry of Corporate Affairs by its General Circular No. 21/2020 dated 11th March 2020, on receiving representations to clarify on the mode of issue of notice referred to in section..
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Ease of Doing Business: Impact of Covid-19 Measures on Insolvency
June 1, 2020 INSOL India - Editorial Team
1. Special insolvency resolution framework for MSMEs under Section 240A of the Code to be notified soon 2. Empowering Central Government to exclude COVID 19 related debt from the definition of “default” under the Code for the purpose of triggering insolvency proceedings 3. Minimum threshold..