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Enhancing Transparency and Efficiency: Key Amendments to Liquidation Process Regulations
Introduction The Insolvency and Bankruptcy Board of India ( ‘IBBI’ ) has recently introduced significant amendments through the IBBI...
Feb 16, 20245 min read
Enhancing Voluntary Liquidation Process: Highlights of the IBBI (Voluntary Liquidation Process) (Amendment) Regulations, 2024
Introduction The Insolvency and Bankruptcy Board of India (‘IBBI’) has introduced amendments to the 2017 regulations governing voluntary...
Feb 6, 20243 min read
Understanding the Impact of the IBBI (Bankruptcy Process for Personal Guarantors to Corporate Debtors) (Amendment) Regulations, 2024
Introduction The Insolvency and Bankruptcy Board of India ( ‘IBBI’ ) has enacted significant amendments through the IBBI (Bankruptcy...
Feb 6, 20242 min read
Flexibility for Insolvency Professionals Enhanced by IBBI
Introduction The Insolvency and Bankruptcy Board of India ( ‘IBBI’ ), deriving power from ss. 196, 208 read with s. 240 of the Insolvency...
Feb 6, 20242 min read
Ensuring Stability: Legal Perspectives on Revised IPA Regulations in India
Introduction On 31.01.2024, the Insolvency and Bankruptcy Board of India ( ‘IBBI’ ) introduced significant amendments to the IBBI (Model...
Feb 6, 20242 min read
Enhancing Creditor Involvement: Amendment Introduces Reg. 17A for Presentation and Communication of Repayment Plans
Introduction The Insolvency and Bankruptcy Board of India ( ‘IBBI’ ) recently introduced a crucial amendment [i] to the insolvency...
Feb 5, 20243 min read
Direct Listing of Indian Companies on International Exchanges: Government amends FEM (Non-Debt Instruments) Rules, 2019
Introduction In a landmark announcement by the Union Finance Ministry, public Indian companies have been granted permission to directly...
Jan 27, 20244 min read
The CBDT’s Explanatory Circular on the Finance Act, 2023
Introduction The Central Board of Direct Taxes ( ‘CBDT' ) has released an explanatory circular [ i ] that outlines key amendments to the...
Jan 26, 20244 min read
Investor Protection in the Digital Age: SEBI Introduces Voluntary Account Freezing Facility
The Securities Exchange Board of India ( ‘SEBI’ ) has recently issued a circular [i] on 12.01.2024 under s. 11(1) of the SEBI Act, 1992,...
Jan 19, 20242 min read
Enhancing Accountability: CCI’s 2024 Regulations on Interlocutory Applications
Introduction The Competition Commission of India ( ‘CCI’ ) has enacted significant amendments through the CCI (General) Amendment...
Jan 12, 20242 min read
Transforming Global Tax Practices: An Analysis of ICAI’s BEPS and MLI Technical Guide
Introduction The Institute of Chartered Accountants of India ( ‘ICAI’ ) recently released the second edition of the Technical Guide on...
Jan 10, 20243 min read
RBI Notifies the Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2023
Introduction The Reserve Bank of India ( ‘RBI’ ), exercising its powers conferred by s. 47 of the Foreign Exchange Management ( ‘FEM’ )...
Dec 30, 20232 min read
CBDT amends the Safe Harbour Provisions
Introduction The Central Board of Direct Taxes (‘CBDT’) has notified the Income-tax (Twenty-Ninth Amendment) Rules, 2023 [ i ] ...
Dec 29, 20233 min read
IBBI issues the Insolvency Professionals Panel Guidelines, 2023
Introduction In a proactive move to enhance the efficiency of insolvency resolution and liquidation proceedings, the Insolvency and...
Dec 22, 20233 min read
Decoding the Impact: GST on Secondment of Overseas Employees
Introduction The Supreme Court ( ‘SC’ ) in C.C., C.E. & S.T. Bangalore v. Northern Operating Systems (P.) Ltd (‘NOS’) [i] addressed the...
Dec 22, 20234 min read
Cracking Down on Touts: The Advocates (Amendment) Act, 2023
Introduction Recently, the Ministry of Law and Justice introduced the Advocates Amendment Bill, 2023, aimed at amending the Advocates...
Dec 22, 20234 min read
Revenue permits Aadhaar Authentication for 7 Reporting Entities
Introduction On 08.12.2023, the Ministry of Finance, through the Department of Revenue, in consultation with the Unique Identification...
Dec 15, 20232 min read
Stay Ahead of Penalties: A Closer Look at ITC Reversal for FY 2022-23
Introduction The recent notice dated 14.11.2023 provides a comprehensive summary of important aspects concerning the reversal of input...
Nov 18, 20232 min read
The Amendment to the Companies (Prospectus and Allotment of Securities) Rules, 2014
Introduction Recently, the Ministry of Corporate Affairs issued a notification [i] , amending the Companies (Prospectus and Allotment of...
Nov 8, 20232 min read
Extension for filing Appeals: CBIC offers the GST Amnesty Scheme
Introduction The Goods and Services Tax ( ‘GST’ ) Amnesty Scheme for filing GST Appeals was notified [i]  by the Central Board of...
Nov 6, 20232 min read