Feature for the modification of CIRP Forms (including IP-1 Form) which is submitted by an Insolvency Professional in compliance of regulation 40B of the Insolvency & Bankruptcy Board of India (Insolvency resolution Process for Corporate Persons) Regulations, 2016-
April 21, 2020 EDITORIAL TEAM - INSOL India
As per Sub-regulation 3 of regulation 40B of the Insolvency & Bankruptcy Board of India (Insolvency Resolution Process for the Corporate Persons) Regulations, 2016, an IP shall ensure that the Forms and its enclosures filed under this regulation are accurate..
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AMENDMENTS IN THE INSOLVENCY AND BANKRUPTCY LAW
April 21, 2020 EDITORIAL TEAM - INSOL India
Comparison of the provisions of the Insolvency & Bankruptcy Amendment Act, 2020 with the Insolvency & Bankruptcy Code, 2016 1. Insolvency Commencement Date: The Insolvency & Bankruptcy Amendment Act, 2020 omits the proviso to Section 5(12) of the Insolvency & Bankruptcy Code,..
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RBI’s ACTIONS
April 21, 2020 INSOL INDIA EDITORIAL
RBI has for the second time in COVID-19 crisis has stepped in on 16.4.2020, Friday, to ensure liquidity and elevate stress in state finances, NBFCs, micro-finance institutions, real estate – both commercial and housing. RBI has offered fifty thousand crore..
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EGM THROUGH VIDEO CONFERENCING
April 21, 2020 INSOL INDIA EDITORIAL
The Ministry of Corporate Affairs by circular No. 14/2020 dated April 8, 2020, considering the present circumstances caused by the Coronavirus Disease, has allowed companies to conduct Extraordinary General Meeting (EGM) to discuss urgent matters through video conferencing or other..
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INVESTMENT LIMITS OF FOREIGN PORTFOLIO INVESTORS
April 21, 2020 INSOL INDIA EDITORIAL
The Reserve Bank of India has issued a circular bearing No. RBI/2019-220-214 AP Circular dated 30 dated April 15, 2020 clarifying that the aggregate investment limits of foreign portfolio investors in government securities and state development loans will remain unchanged..
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COMPANIES FRESH START SCHEME (CFSS - 2020)
April 21, 2020 INSOL India Editorial
On March 30, 2020, the Ministry of Corporate Affairs has issued a circular condoning the delay in filing certain documents during the current year C Form under Section 403 read with Companies Registration Office and Fee Rules 2014 and in..