Practical issues in Share Valuations for Companies under Companies Act and Income Tax With effect from 1st February 2019, Companies Act, 2013 has brought in effect Valuations from Registered Valuers duly registered with Insolvency and Bankruptcy Board of India (IBBI). There are three categories of Valuers and an approximate number of valuers registered
Changes in payment and set off rules under GST from 1st February 2019 On and from 1st February 2019, The Order for availing the set off of ITC has been changed and new Sections 49A & 49B under The CGST Act 2017 have been made effective. Let us analyse the impact of the same on Trade & Industry – The
Exercise of 'put option' a 'financial debt' under IBC? The NCLAT recently dismissed the appeal filed by erstwhile MCX Promoter Jignesh Shah (and others) challenging the NCLT order initiating insolvency proceedings against La-Fin Financial Services (Corporate Debtor). The Appellate Tribunal ruled that a put-option, or buy-back arrangement, will constitute a ‘financial debt’. The NCLT had initiated Corporate Insolvency
Supreme Court upholds Bankruptcy Code, rejects promoters' challenges NEW DELHI: The Supreme Court upheld the Insolvency and Bankruptcy Code (IBC), backing the government’s efforts to deal with the bad-debt burden of banks and rejecting challenges by the promoters of defaulting companies barred by the law from regaining control of their firms. The court
Prabhat Dairy to sell flagship dairy biz to a French firm for Rs 1,700 crore The company has entered into definitive agreements with Tirumala Milk Products, a wholly-owned subsidiary of Lactalis, for the Rs 1,700-crore sale, said the statement. Prabhat Dairy on Monday said it will be selling its
