Month: April 2018

Commencement of Disciplinary Proceeding under the Insolvency and Bankruptcy Code 2016-clarification

Commencement of Disciplinary Proceeding under The Insolvency and Bankruptcy Code 2016-clarification by IBBI The Insolvency and Bankruptcy Code, 2016 (Code) envisages that an insolvency professional may be appointed as interim resolution professional, resolution professional, liquidator, or a bankruptcy trustee if no disciplinary proceeding is pending against him.  The …

IBBI debars CA from practicing as an Insolvency Professional

The disciplinary committee of IBBI debars a CA (hereinafter ‘IP’) from practicing as an Insolvency Professional.  Earlier, vide an interim order dated 18th March, 2018, the disciplinary committee of the Insolvency and Bankruptcy Board of India (IBBI), had debarred a Chartered Accountant from practicing as an Insolvency Professional. Please note …

Benami Transactions Informants can get reward up to Rs. One crore under the Benami Transactions Informants Reward Scheme 2018

Benami Transactions Informants can get reward up to Rs. One crore under the Benami Transactions Informants Reward Scheme 2018 The CBDT has introduced Benami Transactions Informants Reward Scheme 2018 for the reward scheme for informants giving information of benami property actionable under Prohibition of Benami Property Transactions Act, …