Financial creditors may pursue (i) restructuring/rearrangement schemes like one-time settlement (OTS), (ii) scheme under Section 230 of the Companies Act, 2013, (iii) inter-creditor agreement in accordance with the RBI's circular dated June 7, 2019 on 'Prudential...
Amendment: The Amendment Rules have inserted the definition of 'group', referring to the definition thereof under the Income-tax Act, 1961.2The definition refers to a parent entity and all entities for which, for reasons of ownership of control, in the country/territory wh...
a) Instruments referred to in Chapter III-D of the RBI Act, 1934 and b) such other instrument, as may be prescribed by the central Govt in consultation with RBI , issued by the company. The above changes will bring in the much needed clarity as to what constitutes a “De...
CBIC Notifies Constitution of Interim Boards for Settlement Across Four Major Cities RBI Cuts Repo Rate by 25 bps to 6% CBDT Notifies HUDCO Bonds as Long-Term Specified Asset u/s 54EC for FY 2025-26 CBDT Notifies New ITR-B Form for Block Assessment in Search & Seizure Cases ...