#cabinet

The Insolvency and Bankruptcy Code (Amendment) Bill, 2021 was passed by the Lok Sabha on July 28 and by the Rajya Sabha on 3rd August. Main features of the Bill👇

Pre-pack for MSMEs which blends elements & virtues of both formal and informal insolvency proceedings Under the pre-pack process, a resolution plan is negotiated between the debtors & creditors before formal proceedings start. This combines efficiency, speed cost effectiveness & flexibility with the binding effect of a formal process. Minimum threshold default of Rs.10 lakh …

The Insolvency and Bankruptcy Code (Amendment) Bill, 2021 was passed by the Lok Sabha on July 28 and by the Rajya Sabha on 3rd August. Main features of the Bill👇 Read More »

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Cabinet approves pact between India, St Vincent and the Grenadines for tax info exchange

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved anAgreement between the Republic of India and Saint Vincent and The Grenadines for the Exchange of Information and Assistance in Collection with respect to Taxes. Why is it important? The agreement between India and Saint Vincent and The Grenadines will help in …

Cabinet approves pact between India, St Vincent and the Grenadines for tax info exchange Read More »