Category Archives: Notifications

Section – 35 of Insolvency and Bankruptcy Code 2016

By | December 11, 2016

Section – 35 of Insolvency and Bankruptcy Code 2016 [ Comes into Force w.e.f 15.12.2016 vide Notification No S.O. 3687(E) Dated 09.12.2016 ] Powers and duties of Liquidator. 35. (1) Subject to the directions of the Adjudicating Authority, the liquidator shall have the following powers and duties, namely:— (a) to verify claims of all the… Read More »

Section – 34 of Insolvency and Bankruptcy Code 2016

By | December 11, 2016

Section – 34 of Insolvency and Bankruptcy Code 2016 [ Comes into Force w.e.f 15.12.2016 vide Notification No S.O. 3687(E) Dated 09.12.2016 ] Appointment of Liquidator and fee to be paid. 34. (1) Where the Adjudicating Authority passes an order for liquidation of the corporate debtor under section 33, the resolution professional appointed for the… Read More »

Section 33 of Insolvency and Bankruptcy Code 2016

By | December 11, 2016

Section – 33 of Insolvency and Bankruptcy Code 2016 [ Comes into Force w.e.f 15.12.2016 vide Notification No S.O. 3687(E) Dated 09.12.2016 ] CHAPTER III LIQUIDATION PROCESS Initiation of Liquidation. 33. (1) Where the Adjudicating Authority,— (a) before the expiry of the insolvency resolution process period or the maximum period permitted for completion of the… Read More »

section 33 to section 54 of Insolvency and Bankruptcy Code 2016 w.e.f 15.12.2016

By | December 11, 2016

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 9th December, 2016 S.O. 3687(E).—In exercise of the powers conferred by sub-section (3) of section 1 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Central Government hereby appoints the 15th day of December, 2016 as the date on which the provisions of section 33… Read More »

Govt waives service tax on card payments up to Rs. 2,000 in a single transaction

By | December 10, 2016

Government waives service tax charged while making payments through credit card, debit card, charge card or any other payment card; waiver limited to payments up to Rs. 2,000 in a single transaction When a customer uses a credit card, debit card, charge card or any other payment card for payment of his purchase of goods… Read More »

Old Rs 500 Bank notes can not be used w.e.f 10.12.2016 for Certain Transactions

By | December 7, 2016

As per the Following Notification Dated 7.12.2016 following are omitted w.e.f 10.12.2016 i.e  specified Bank Notes of Rs 500  can not be used for following Payment w.e.f 10.12.2016 :- (b) at railway ticketing counters and ticket counters of Government or Public Sector Undertaking buses for purchase of tickets;” (l) for making payments to catering services… Read More »

Minimum Import Price of Iron and Steel under Chapter 72 of ITC – Date Extended

By | December 5, 2016

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 3rd December, 2016 No. 31/2015-2020 Subject : Continuation of Minimum Import Price (MIP) on 19 HS Codes of Iron and Steel under Chapter 72 of ITC (HS), 2012 –Schedule – 1 (Import Policy): amendment in import Policy Conditions.… Read More »

National Highways Fee collection : pre-paid payment instruments allowed

By | December 3, 2016

MINISTRY OF ROAD TRANSPORT AND HIGHWAYS NOTIFICATION New Delhi, the 2nd December, 2016 G.S.R. 1114(E).—In exercise of the powers conferred by section 9 of the National Highways Act, 1956 (48 of 1956), the Central Government hereby makes the following rules further to amend the National Highways Fee (Determination of Rates and Collection) Rules, 2008 namely:-… Read More »