Guidelines for setting up of Wind Power Projects Ministry of New & Renewable Energy (MNRE) has sanctioned a Scheme for Setting up of 1000 MW Inter State Transmission System (ISTS) connected Wind Power Projects on 14 June 2016. The Scheme provides for formulation of Guidelines by MNRE for implementation of the Scheme. This was stated… Read More »
Change in Tariff Value of Crude Palm Oil, RBD Palm Oil, Others – Palm Oil, Crude Palmolein, RBD Palmolein, Others – Palmolein, Crude Soyabean Oil, Brass Scrap (All Grades), Poppy Seeds, Areca Nuts, Gold and Silver Notified In exercise of the powers conferred by sub-section (2) of Section 14 of the Customs Act, 1962 (52… Read More »
Government clarifies that the apprehension sought to be created that the jewellery with the household which is acquired-out of disclosed sources or exempted income shall become taxable under the proposed Taxation Laws (Second Amendment) Bill, 2016, is totally unfounded and baseless. In the wake of Taxation Laws (Second Amendment) Bill, 2016 which has been passed… Read More »
Section 238 of Insolvency and Bankruptcy Code 2016 [ Note : Section 238 comes into force w.e.f 1st December 2016 vide notification no S.O. 3594(E) dated 30th November 2016 ]. Provisions of this Code to override other laws. 238. The provisions of this Code shall have effect, notwithstanding anything inconsistent therewith contained in any other law for… Read More »
Section 237 of Insolvency and Bankruptcy Code 2016 [ Note : Section 237 comes into force w.e.f 1st December 2016 vide notification no S.O. 3594(E) dated 30th November 2016 ] Appeal and revision. 237. The High Court may exercise, so far as may be applicable, all the powers conferred by Chapters XXIX and XXX of the Code… Read More »
Section 236 of Insolvency and Bankruptcy Code 2016 [ Note : Section 236 comes into force w.e.f 1st December 2016 vide notification no S.O. 3594(E) dated 30th November 2016 ]. Trial of offences by Special Court. 236. (1) Notwithstanding anything in the Code of Criminal Procedure, 1973 (2 of 1974), offences under of this Code shall be… Read More »
Section 231 of Insolvency and Bankruptcy Code 2016 [ Note : Section 231 comes into force w.e.f 1st December 2016 vide notification no S.O. 3594(E) dated 30th November 2016 ] Bar of jurisdiction. 231. No civil court shall have jurisdiction in respect of any matter in which the Adjudicating Authority is empowered by, or under, this Code… Read More »
Section 198 of Insolvency and Bankruptcy Code 2016 [ Note : Section 198 comes into force w.e.f 1st December 2016 vide notification no S.O. 3594(E) dated 30th November 2016 ] Condonation of delay. 198. Notwithstanding anything contained in this Code, where the Board does not perform any act within the period specified under this Code, the relevant… Read More »
Section 77 of Insolvency and Bankruptcy Code 2016 [ Note : Section 77 comes into force w.e.f 1st December 2016 vide notification no S.O. 3594(E) dated 30th November 2016 ]. Punishment for providing false information in application made by corporate debtor. 77. Where— (a) a corporate debtor provides information in the application under section 10 which is… Read More »
Section 76 of Insolvency and Bankruptcy Code 2016 [ Note : Section 76 comes into force w.e.f 1st December 2016 vide notification no S.O. 3594(E) dated 30th November 2016 ] Punishment for non-disclosure of dispute or repayment of debt by operational creditor. 76. Where— (a) an operational creditor has wilfully or knowingly concealed in an application under… Read More »