RBI extends timeline for compliance with various payment system requirements Extension of timeline for compliance with various payment system requirements Reserve Bank of India (RBI) had in past issued instructions on Master Direction on Issuance and Operation of Prepaid Payment Instruments (PPI-MD), enhancing security of card transactions, harmonisation …
Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) Guidelines, 2020 2nd June, 2020 Corporate Insolvency The Insolvency and Bankruptcy Board of India (Board) is required under the Insolvency and Bankruptcy Code, 2016 (Code) to recommend name of an Insolvency Professional (IP) …
Period of limitation under Rule 68B for sale of attached immovable property-Supreme Court admits SLP due to contrary view of High Courts ABCAUS Case Law Citation:ABCAUS 3316 (2020) (06) SC Important case law relied upon by the parties:M.U. Joshi Vs. Tax Recovery Officer & Ors.Noorudin Vs. Tax Recovery …
Investors claim applications in PACL Ltd. – Last date for checking status and rectifying deficiencies is 31.07.2020 for investors with claims upto Rs. 5000 The Justice (Retd.) R. M. Lodha committee (“Committee”) was constituted as per the direction of the Hon’ble Supreme Court for disposing of the land …
Changing Prospective Restoration of ICAI Membership/ COP to Retrospective Restoration ICAI Announcement on Changing Prospective Restoration to Retrospective Restoration Recently, ICAI had allowed retrospective restoration of ICAI Membership/ COP for 2019-2020 and it was announced that Form 9 and Form 101 for retrospective restoration of membership / certificate …
Revised limits of MSME capital and turnover – Upward revision of MSME definition Cabinet today approved upward revision of MSME definition and modalities/ road map for implementing remaining two Packages for MSMEs. Recently, the Govt. had increased the investment limit for MSME and removed the distinction between manufacturing …
