Insolvency Resolution Process for Individuals & Partnership Firms
The Corporate Insolvency Resolution Process (CIRP) must be accomplished within 330 days of the insolvency commencement date, along with any extension of the time frame of the corporate insolvency resolution [...]
Adjudicating Authority for Corporate Persons
Every law is incomplete without an appropriate legislative authority that shall be responsible for monitoring the effective and smooth functioning of that law. The law is crafted keeping into [...]
Voluntary Liquidation
The Insolvency and Bankruptcy Code 2016 not only enables the insolvency proceedings of the insolvents but also the code contains provisions for solvent entities that want to themselves surrender [...]
Liquidation process for Corporate Persons
The provisions dealing with the liquidation of corporate persons are imbibed in chapter III of part II of the Insolvency and Bankruptcy code. We at MUDS on having a [...]
Madras High Court gives a Fighting Chance to NBFCs: Opportunity to Reinstate License lost due to Insufficient Capital
The Reserve Bank of India (RBI) sought to regulate the activities of NBFCs through the Reserve Bank of India (Amendment) Act, 1997. Section 45-IA was added to the RBI Act [...]
Checklist for Incorporation of NBFC
The procedure for incorporation of NBFC under Companies Act 2013 has been further made easy. The streamlining being done is as follows: Now an NBFC can be directly registered [...]
Remedies for Disqualified Directors of Strike Off Companies
The ROC (i.e. Registrar of Companies) struck off many companies in September 2017 for not filing for a period of two financial years. It was believed that these companies [...]
What Is Phantom Stocks and How Does It Work?
Phantom stocks are actually a type of compensation that provides access to the employees to the stock without actually owning them. Just as other stocks, these too show transitions [...]
How to Recover my bad debt?
Bad Debt A bad debt is a monetary amount owed by a person to a creditor that is now irrecoverable from that person who was supposed to pay the [...]
Recovery Weapons for Home Buyers
Buying a home in today’s time is no less than playing a gamble. The cumbersome processes, elaborate legal formalities and improper enforcement mechanisms to enforce the interest of home [...]
Insolvency Professional- 5 Answers to Know !
“Every professional after obtaining the membership MUST register himself with the Board within a specified time in a particular manner and on payment of the fee in the manner [...]
SEBI To Relax Listing Norms For Start-Ups, Rename It ‘Innovators Growth Platform’
What does it mean? India’s start-up's industry is considered the third largest in the world and undoubtedly, is a huge driving force behind the modern Indian economy. With more than [...]