Month: November 2019

Company Law Committee-2019 submits report. Proposes to decriminalise Companies Act 2013

Company Law Committee-2019 submits report. Proposes to decriminalise Companies Act 2013 by removing criminality or restricting punishment Company Law Committee-2019 submits its report to Finance Minister The Company Law Committee was constituted by the Ministry of Corporate Affairs in September, 2019, inter alia, to further decriminalise the provisions of the …

Provisions related to personal guarantors to corporate debtors under IBC 2016 effective from 01.12.2019

Provisions related to personal guarantors to corporate debtors under Insolvency and Bankruptcy Code, 2016 effective from 1st day of December, 2019  MINISTRY OF CORPORATE AFFAIRSNOTIFICATION New Delhi, the 15th November, 2019 S.O. 4126(E).―In exercise of the powers conferred by sub-section (3) of section 1 of the Insolvency and …

MCA notifies framework for insolvency and liquidation proceedings of FSPs other than banks

MCA notifies framework for insolvency and liquidation proceedings of Financial Service Providers (FSPs) other than banks. Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019. The Ministry of Corporate Affairs (MCA) has notified the Insolvency and Bankruptcy (Insolvency and …