Relaxation from the applicability of SEBI Circular dated October 10, 2017 on noncompliance with the Minimum Public Shareholding (MPS) requirements
June 1, 2020 INSOL India - Editorial Team
SEBI vide its circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/81 dated 14th May 2020 in exercise of powers conferred on it under Section 11(1) of the Securities and Exchange Board of India Act, 1992, read with regulations 97, 98, 101 and 102 of the..
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Additional relaxation in relation to compliance with certain provisions of SEBI
June 1, 2020 INSOL India - Editorial Team
In view of the COVID-19 Pandemic, Securities and Exchange Board of India by its circular No. SEBI/HO/CFD/CMD1/CIR/P/ 2020/79 dated 12th May 2020 in exercise of powers conferred by Section 11(1) of the Securities and Exchange Board of India Act, 1992..
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Clarification on dispatch of notice under Section 62(2) of Companies Act, 2013
June 1, 2020 INSOL India - Editorial Team
In view of the Covid-19 and the lockdown condition, the Ministry of Corporate Affairs by its General Circular No. 21/2020 dated 11th March 2020, on receiving representations to clarify on the mode of issue of notice referred to in section..
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Ease of Doing Business: Impact of Covid-19 Measures on Insolvency
June 1, 2020 INSOL India - Editorial Team
1. Special insolvency resolution framework for MSMEs under Section 240A of the Code to be notified soon 2. Empowering Central Government to exclude COVID 19 related debt from the definition of “default” under the Code for the purpose of triggering insolvency proceedings 3. Minimum threshold..
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Suspension of Sections 7, 9 & 10 of the IBC for a period of one year
June 1, 2020 INSOL India - Editorial Team
The Finance Minister, Nirmala Sitharaman, has suggested that the continuation of the prevalent situation in the country on account of COVID-19 and any change for the worse in relation to the same could lead the Central Government to consider suspending..
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NCLAT - Pendency of SARFAESI proceedings before DRT does not extend the period of limitation under the IBC
June 1, 2020 INSOL India - Editorial Team
It was held by the NCLAT, in Bimal Kumar v. Bank of India(Company Appeal (AT) (Insolvency) No. 1166 of 2019), that pendency of SARFAESI proceedings before Debt Recovery Tribunals (DRT) will not result in the extension of limitation period under the..