by Vinod Kothari The Companies (Amendment) Bill, 2019 has been placed before the Parliament on 25th July, 2019. While the Bill, 2019 is largely to enact into Parliamentary law the provisions already promulgated by way of Presidential Ordinance, the Bill also brings some interesting changes. The key feature of the Bill is to replace the […]
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By Sikha Bansal (email@example.com) The Insolvency and Bankruptcy Code (Amendment) Bill, 2019 has been introduced in Rajya Sabha and will have a game-changing impact on the ongoing insolvency proceedings as well as the future of the Insolvency and Bankruptcy Code, 2016.
-Finserv Division firstname.lastname@example.org The Union Budget 2019 had many odd talking points, especially for the banking and financial sector. From proposed recapitalization of public sector banks, relief in levy of Securities Transaction Tax (STT), proposing changes in factoring laws to increased supervision of NBFCs among others, this year’s budget created mixed emotions. One of […]
By Vinod Kothari (email@example.com) Insolvency laws are all about distributive justice, inspired by the pari passu rule enunciated centuries ago. The key theme of insolvency laws is that since there is a shortfall of assets to pay off everyone, everyone with similar ranking of priorities should be paid proportionately.
By Rahul Maharshi (firstname.lastname@example.org), (email@example.com) Introduction Employee share based payments (ESBPs) are an effective way of incentivising employees. ESBPs work as a two way growth strategy for both company as well as the employees. On one hand, it helps the employees to participate in the growth of the entity and in turn reap out the […]
-Kanakprabha Jethani | executive firstname.lastname@example.org Background A high-level Inter-ministerial Committee (IMC) (‘Committee’) was constituted under the chairmanship of Secretary, Department of Economic Affairs (DEA) to study the issues related to Virtual Currencies (VCs) and propose specific action to be taken in this matter. The Committee came up with its recommendations recently. These recommendations include, among […]
-Financial Services Division and IFRS Division, (email@example.com firstname.lastname@example.org) The transition of accounting policies for the non-banking financial companies (NBFCs) is on the verge of being completed. As was laid down in the implementation guide issued by the Ministry of Corporate Affairs, the Indian Accounting Standard (Ind AS) was to be implemented in the following manner: […]
Extended clarification required -Yutika Lohia email@example.com Introduction Interest subvention income are earnings received from the third party i.e. person other than the borrower. This scheme work as a compensation to the seller who intends to penetrate the market. They arrange low cost finance for their customers (though not low cost because the part of it […]