STATE RUN BANKS STAND MERGED EFFECTIVE APRIL 1, 2020
April 21, 2020 INSOL India Editorial
Ten state run banks into four lenders have become effective from April 1, 2020. All branches of the merging banks will operate as of the banks in which they have been amalgamated and merged effective the above date. The merger,..
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SEBI RELATED NEWS
April 21, 2020 INSOL India - Editorial Team
SEBI extends deadlines for comments on proposed relaxation in delisting norms and QIP. In view of the extraordinary pandemic situation, the deadline for public comments on proposed relaxation in norms in relation to six months gap or QIPs and delisting..
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HUL - GSK MERGER COMPLETE
April 21, 2020 INSOL India - Editorial Team
Hindustan Unilever Limited has completed the merger of Glaxo Smith Kline Consumer Healthcare Limited with itself. It is almost one year ago when this merger was announced and all this time took to complete the same. Now after a period..
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COMPANIES SEEK RULE RELAXATION TO PAY INTERIM DIVIDEND
April 21, 2020 INSOL India - Editorial Team
The Ministry of Corporate Affairs has received representations from industries, companies, body corporates, and others for relaxation in the provisions of Section 123 of the Companies Act in relation to declaration and payment of dividends to shareholders.
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IBBI AMENDS RESOLUTION PROCESS REGULATIONS
April 21, 2020 INSOL India - Editorial Team
IBBI amended the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations 2016. In view of the nationwide lockdown in view of Covid-19, it is difficult for the Resolution professional/ Interim resolution professional to conduct meetings and adhere to the norms..
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RELAXATION OF TAXATION LAWS/RULES
April 21, 2020 INSOL India - Editorial team
The Hon’ble President Promulgated taxation and other laws (relaxation of certain provisions) Ordinance 2020. Where, any time has been specified which falls during the period from 20th March, 2020 to 29th June, 2020 or such other date after 29th June,..