Corporate Law News
Additional Rs 100 fee per day for delay in filing Company Annual return
10 April 2018 at 10:51It is proposed to amend shortly, the Companies (Registration Offices and Fees) Rules 2014 to levy additional fee @Rs.100 per day for filings under Section 92 (Annual Return) or 137 (Annual Financial Statement) of the Companies Act, 2013. Once notifie
Registration as Registered Valuer with Insolvency and Bankruptcy Board
06 April 2018 at 11:22Process to be followed for registration as Registered Valuer with Insolvency and Bankruptcy Board (IBBI) of India under the Companies (Registered Valuers and Valuation) Rules, 2017With an objective to familiarise the eligible and desirous individuals
IBBI conducts online valuation exam for valuers
31 March 2018 at 12:21Insolvency and Bankruptcy Board of India commences conduct of online valuation examinations for registration of ValuersInsolvency and Bankruptcy Board of India (IBBI) is commencing on tomorrow, 31st March, 2018, the conduct of online Valuation examin
IBBI notifies amendment to Insovency and bankruptcy board
29 March 2018 at 12:12IBBI Notifies Amendments to The Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016The Insolvency and Bankruptcy Board of India (IBBI) has evolved a transparent and consultative process for making regulations. It has
Prosecution against 780 listed companies by MCA
24 March 2018 at 11:02Ministry of Corporate Affairs (MCA) has filed prosecution against 780 listed companies under various sections of Companies Act, 2013 due to non-filing of Financial Statements and Annual ReturnsThe Government has taken any steps against listed compani
Draft Syllabus of Limited Insolvency Examination
22 March 2018 at 11:11The Insolvency and Bankruptcy Code, 2016 (Code) provides for a class of regulated professionals, namely, Insolvency Professionals (IP), who constitute one of the four key pillars of the insolvency regime, other three being the Adjudicating Authority,
Nod of shareholders not required for insolvency resolution
14 March 2018 at 14:45Resolution professional doesn’t require nod of shareholders/members for insolvency resolutionMinistry vide its circular no. IBC/01/2017 dated 25.10.2017 clarified that Section 30 and 31 of the Code provide a detailed procedure from the time of
9073 cases under consideration in NCLT
14 March 2018 at 14:459,073 cases are under consideration in NCLT, including 1,630 cases of Merger and Amalgamation; 2,511 cases of insolvency and 4,932 cases under other sections of Companies ActThe Company Law Board (CLB) set up under Companies Act 1956 stands dissolved
Insolvency and Bankruptcy board signs a MOU with RBI
13 March 2018 at 10:55Insolvency and Bankruptcy Board of India signs a Memorandum of Understanding with the Reserve Bank of IndiaThe Insolvency and Bankruptcy Board of India (IBBI) signed a Memorandum of Understanding (MoU) today with the Reserve Bank of India (RBI). The
More than 2 lac disqualified directors where on Board of struck off Companies
10 February 2018 at 13:55According to the provisions of Companies Law, out of 3,09,619 disqualified directors, 2,10,116 number of disqualified directors were directors on the Board of struck off companies The mandate under the Companies Act, 2013 is to regulate companies inc
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