Welcome back to our updates on the Insolvency and Bankruptcy Code featuring developments during February 2023
Category: Power Sector
We are delighted to welcome you back to our newsletter for the month of May 2023, where we have endeavored to keep you informed about the latest updates from India’s corporate legal landscape.
We are delighted to welcome you back to our newsletter for the month of April 2023, where we have endeavored to keep you informed about the latest updates from India’s corporate legal landscape.
We are delighted to welcome you back to our newsletter for the month of April 2023, where we have endeavored to keep you informed about the latest updates from India’s corporate legal landscape.
We are back in your inbox with updates on India’s corporate legal landscape for August 2022. RBI brought in a series of changes to the regulatory regime in the area of overseas investment, borrowings made by Indian persons, and lending facilities extended by regulated entities…
As we close the second quarter of financial year 2021-22, let’s have a look at the developments that took place in the last three months. The Ministry of Corporate Affairs (MCA) vide a notification dated July 22, 2021, has appointed September 1, 2021, as the date to bring into effect the amendment to Section 4 of the Companies Act, 2013. The said Amendment is a part of the Companies (Amendment) Act, 2020 and provides that if a company fails to…
The Insolvency and Bankruptcy Code (Amendment) Bill, 2021 which replaces the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021 has been passed by both Houses of Parliament. The bill further amends the Insolvency and Bankruptcy Code, 2016, by inter alia, introducing Prepacked Insolvency Resolution Process (PPIRP) for micro, small and medium enterprises (MSMEs). The proposed amendment enables the government to notify…
The Asian International Arbitration Centre has revised its Arbitration Rules. The revised rules have come into effect from 1st August 2021. The revised rules can be accessed here. The Appeal filed by the Indian Government against the decision of the International Arbitration Tribunal granting an award of Rs. 22,100 crore to Vodafona in the retrospective tax dispute would be heard by the Singapore International Commercial Court (SICC)…
Cairn energy has reportedly secured a French Court’s order to seize 20 properties of Indian Government to partially recover a $1.7 billion arbitration award. The Finance Ministry has clarified that it has not received any notice, order or communication from any French Court. Our partner – Ms. Mani Gupta – spoke to The New Indian Express regarding this development and the Indian government’s options from here…
In our last post, we had covered the requirement that all the companies which use accounting software need to use such software which enables them to record audit trails and the same needs to be mentioned in the Auditor’s Report as well. This compliance has been deferred until 01 April, 2022 giving time to businesses to make their internal systems ready for such transition…