AMENDMENTS IN THE INSOLVENCY AND BANKRUPTCY LAW
June 1, 2020 MCA-21 Portal - Compliance by Insolvency Resolution Professionals & Liquidators (MCA Circular dated 6th March, 2020)
Form INC-28 is to be filed after the appointment: The IRP/RP/Liquidator is required to file the order of the NCLT approving him/her as the IRP/RP/Liquidator in form INC-28 on the MCA-21 portal. The following points must be kept in mind while..
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RERA and Force Majeure
June 1, 2020 INSOL India - Editorial Team
The Ministry of Housing and Urban Affairs (Housing Section), through the Central Advisory Council (“CAC”) vide notification dated 13 May 2020, confirmed Covid-19 as a ‘forcemajeure’event as defined under section 6 of RERA and gave some directions to State Regulators..
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Suspension of IBC
June 1, 2020 INSOL India - Editorial Team
Insolvency filing under the IBC has been barred or suspended for a period of one year. In order to deal with the Covid-19 situation, the Reserve Bank of India is likely to soften its restructuring provision norms to deal with stressed..
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Relaxation in timelines for compliance with regulatory requirements
June 1, 2020 INSOL India - Editorial Team
In view of the Covid-19 pandemic, and the lockdown imposed by the Government of India and the State Governments, the SEBI by its circular No. SEBI/HO/MIRSD/DOP/CIR/P/2020/82 dated 15th May 2020 in exercise of powers conferred on it under Section 11(1)..
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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..