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 …

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 …