Monthly Archives: May 2017

IRDAI Outsourcing of Activities by Indian Insurers Regulations 2017

By | May 7, 2017

REGD. NO. D. L.-33004/99  THE GAZETTE OF INDIA EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY NEW DELHI, FRIDAY, MAY 5, 2017/VAISAKHA 15, 1939 INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA NOTIFICATION Hyderabad, the 20th April, 2017 Insurance Regulatory and Development Authority of India (Outsourcing of Activities by Indian Insurers) Regulations, 2017 F. No. IR DAI/Reg/5/142/2017.In exercise… Read More »

Govt Authorized RBI for initiating insolvency resolution process by Banks – Notification

By | May 7, 2017

REGD. NO. D. L.-33004/99 THE GAZETTE OF INDIA EXTRAORDINARY PART II—Section 3—Sub-section (ii) PUBLISHED BY AUTHORITY NEW DELHI, FRIDAY, MAY 5, 2017/VAISAKHA 15, 1939 MINISTRY OF FINANCE (Department of Financial Services) ORDER New Delhi, the 5th May, 2017 S.O. 1435(E).-In exercise of the powers conferred by Section 35AA of the Banking Regulation Act, 1949 (10 of… Read More »

Timelines for Stressed Assets Resolution – RBI

By | May 6, 2017

RBI/2016-17/299 DBR.BP.BC.No.67/21.04.048/2016-17 May 5, 2017 The Chairman and Managing Director/Chief Executive Officer All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Madam/Dear Sir, Timelines for Stressed Assets Resolution Please refer to the circular DBOD.BP.BC.No.97/21.04.132/2013-14 dated February 26, 2014 on “Framework for Revitalising Distressed Assets in the Economy – Guidelines on Joint Lenders’… Read More »

Category: RBI

Taxation of Capital Gains – Finance Act 2017 – Taxmann

By | May 6, 2017

Taxation of Capital Gains  2017 by Taxmann As Amended by Finance Act 2017 Price Rs 875 Click to buy online Paperback: 568 pages Publisher: Taxmann Publications Pvt. Ltd.; 2017 Edition edition (2017) Key Contents of this Book WHAT IS CAPITAL GAINS WHICH INCOME IS TAXABLE UNDER THE HEAD “CAPITAL GAINS” WHAT IS ‘CAPITAL ASSET’? WHAT IS… Read More »

Financial Creditor can file for corporate insolvency resolution process

By | May 6, 2017

Bench :  National Company Law Tribunal (NCLT), Mumbai Bench, Mumbai Financial Creditor M/s. Edelweiss Asset Reconstruction Co. Ltd. Corporate Debtor M/s. Murli Industries Ltd. Amount of Default 1365.40 Cr. Date of Order 05-04-2017 Relevant Section Section 7 of the Insolvency and Bankruptcy Code, 2016 read with Rule 4 of the Insolvency and Bankruptcy (Application to… Read More »

Corporate debtor may file application for initiating insolvency resolution process

By | May 6, 2017

Bench National Company Law Tribunal (NCLT), Principal Bench, New Delhi Operational Creditor M/s. Incredible Unique Buildcon Pvt. Ltd. Corporate Debtor M/s. Clutch Auto Ltd. Amount of Default 12.88 Cr. Date of Order 10-04-2017 Relevant Section Section 10 of the Insolvency and Bankruptcy Code, 2016 read with Rule 7 of the Insolvency and Bankruptcy (Application to… Read More »