Corporate Law News
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
Amendments made to Insolvency and Bankruptcy Regulations 2017
09 February 2018 at 11:18Amendments made to the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017.Amendments come into force since yesterday after their publication in the Gazette of India;The Amendmen
Status of reactivated DINs under condonation of delay scheme
15 January 2018 at 11:16Stakeholders of Condonation of Delay Scheme (CODS) (notified vide General Circular No.16/2017 dated 29th December 2017) may kindly note that the process for ‘reactivation’ of the DINs in respect of disqualified Directors has been complete
Reengineer the process of allotment of DIN
09 January 2018 at 11:04It is proposed to reengineer the process of allotment of DIN by allotting DIN to individuals only at the time of their appointment as Directors (If they do NOT possess a DIN) in companies. DIR-3 (Application for Director Identification Number) would
Relaxation in the provisions of MAT for insolvent companies
08 January 2018 at 11:06Relaxation in the provisions relating to levy of Minimum Alternate Tax (MAT) in case of companies against whom an application for corporate insolvency resolution process has been admitted under the Insolvency and Bankruptcy Code, 2016 The existing pr
29403 companies registered as LLP in India in 2016-17
06 January 2018 at 12:51The Limited Liability Partnership Rules, 2009 have been in force since 01.04.2009. The Limited Liability Partnership Rules provide for effectuating/implementing the provisions of Limited Liability Partnership Act, 2008. The Rules, inter-alia include
Registrar of Companies removed names of 2,26,166 defunct companies in 2017
06 January 2018 at 12:51The Government has initiated campaign against black money, wilful defaulters and erring directors. There are a number of registered companies that are facing action from authorities after the demonetisation.Prior to demonetisation, 16,08,637 number o
Reactivation of DIN for disqualified directors in progress
05 January 2018 at 11:10Stakeholders of Condonation of Delay Scheme (notified vide General Circular No.16/2017 dated 29th December 2017) may kindly note that the process for ‘reactivating’ the DINs in system in respect of disqualified Directors is in progress an
Companies (Amendment) Bill 2017 becomes an Act receives President's Assent
04 January 2018 at 12:00The Companies (Amendment) Bill, 2017 was passed by Lok Sabha on July 27, 2017 and by Rajya Sabha on December 19, 2017 and, now, on 3rd January 2018the bill has become an Act subsequent to receiving the President�s assent.With this latest amendm
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