Pre Packaged Insolvency Resolution Package for corporate debtor classified as MSME Pre Packaged Insolvency Resolution Package for corporate debtor classified as MSME. The Government has notified the Insolvency and Bankruptcy Code (Amendment) Act, 2021 w.e.f. 4th April 2021. to make amendments in the Insolvency and Bankruptcy Code, 2016 …

Platform for Security & Covenant Monitoring using Distributed Ledger Technology – SEBI SEBI announces platform for Security and Covenant Monitoring using Distributed Ledger Technology hosted by Depositories shall be developed. SEBI has outlined the process of independent ‘due diligence’ by debenture trustee(s) on assets of an Issuer company …

Tendering of shares in open offers, buybacks and delisting offers by marking lien in the demat account of the shareholders. SEBI provides marking lien in the demat account of the shareholders in tendering of shares in open offers, buybacks and delisting offers by  SEBI has provided a mechanism …

Listed entities to disclose shareholding pattern into promoters & promoter group separately – SEBI SEBI has mandated that Listed entities shall disclose shareholding pattern into promoters & promoter group separately Under Regulation 31(4) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR …

CBDT transfers 497 Joint / Additional Commissioners of Income Tax CBDT has made transfers/posting of 497 Income Tax Officers in the grade of Joint / Additional Commissioners of Income Tax. The breakup of transfers made are as under: 170 Mandatory Transfer/Review Cases 123 Request Cases 184 Promotion cases …

Debentures issued in lieu of interest liability allowable expenditure u/s 43B read with Explanation 3C – Supreme Court ABCAUS Case Law CitationABCAUS 3541 (2021) (08) SC The appellant had filed a SLP raising the question with reference to Section 43B Explanation 3C of the Income Tax Act, 1961 …