Tag: insolvency process

Company under corporate insolvency resolution process given relied under MAT – Total loss brought forward shall be allowed to be reduced from book profit  Government  has granted relaxation in the provisions relating to levy of Minimum Alternate Tax (MAT) in case of companies against whom an application for …

RBI authorised to direct banks to start insolvency process in respect of a default The Government (Ministry of Law and Justice) has notified the Banking Regulation (Amendment) Ordinance, 2017 (No. 1 OF 2017) to further amend the Banking Regulation Act, 1949. It has come into force with immediate …