TaxCorp Corporate Laws

Corporate Laws Highlights

28-09-2022 (2022) TaxCorp(CL) 26597 (P&H)

It is the case of the respondents that money decree granted by by the Dubai court (Annexure R-9) against petitioners and M/s AIF, UAE will be enforced in India invoking Sec.44A of the CPC and the notification…

23-09-2022 (2022) TaxCorp(CL) 26596 (BOMBAY)

Under Section 424, the NCLT has all the powers of a civil court under the CPC, while not being strictly bound by it. Read together, this meant that the MOD could be recorded as a compromise by and only…

30-09-2022 (2022) TaxCorp(CL) 26595 (NCLT)

The grievance of the appellant is that no opportunity was given to Appellant to file counter/reply to rebut those allegations. Admittedly the Application was filed heard and reserved for order the same…

29-04-2022 (2022) TaxCorp(CL) 26594 (SAT)

It is found that the investigation was started on the basis of receiving an alert from the Principal Director of Income-tax (Investigation) which led to the examination of 471 entities. Based on the examination…

16-09-2022 (2022) TaxCorp(CL) 26593 (NCLT)

The petitioner has contended in the present petition that the company has been active since its incorporation. The failure on the part of the company to file the financial statements was unintentional…

31-05-2021 (2022) TaxCorp(CL) 26592 (NCLT)

The RP prepared the Information Memorandum and apprised the CoC in its 4th meeting dated 29.04.2020 that the Copy of Information Memorandum may be obtained after submitting the confidential undertaking…

06-05-2021 (2022) TaxCorp(CL) 26591 (KARNATKATA)

It is seen from the e-mails which were sent by the Applicant to the erstwhile Managing Director of the Corporate Debtor which shows that the Applicant was not in employment of the Company after April …

24-05-2021 (2022) TaxCorp(CL) 26590 (KARNATKATA)

In the case on hand, Annexure-C discloses that memorandum of association of petitioner herein discloses that object for which the Company is established is to purchase or otherwise to acquire land or …

09-06-2021 (2022) TaxCorp(CL) 26589 (NCLT)

The day the Application under Section 94 or 95 is filed, the "interim moratorium" gets triggered by virtue of Section 96(1)(a) of IBC, 2016 from the very date of such application. There is no separate…

07-06-2021 (2022) TaxCorp(CL) 26588 (NCLT)

The Corporate Debtor does not have assets to be liquidated hence an Application is moved for the “Dissolution of the Corporate Debtor”. This Section is to be read along with Regulation 14 of IBBI (Liquidation…

13-05-2021 (2022) TaxCorp(CL) 26587 (NCLT)

It is undisputed fact that the Petitioner had granted a short term loan to the Corporate Debtor for general corporate purposes for real estate projects by way of a Sanction Letter dated 15.04.2019 and…

13-05-2021 (2022) TaxCorp(CL) 26586 (NCLT)

It is stated that the Corporate Debtor has been ordered to be Liquidated vide an Order dated 17.12.2019 passed by this Tribunal. Thereafter the present Applicant was appointed as the Liquidator of the…

04-06-2021 (2022) TaxCorp(CL) 26585 (NCLT)

There is no provision for review of an Order under the Insolvency & Bankruptcy Code (IBC) and the applicant has also not produced any provision/law to show that this Adjudicating Authority is empowered…

28-05-2021 (2022) TaxCorp(CL) 26584 (NCLT)

It is a settled position of law that the provisions of Code cannot be invoked for only for recovery, but only for justified reasons as per the Code. The Hon'ble Supreme Court in the case of Mobilox Innovations…

28-05-2021 (2022) TaxCorp(CL) 26583 (NCLT)

"Debt" as per the Code means a liability or obligation in respect of a claim which is due from a person, a 'claim' being a right to payment. Such a right would arise from some agreement between the parties…

20-04-2021 (2022) TaxCorp(CL) 26582 (NCLT)

On the date of commencement of the Corporate Insolvency Resolution Process, the registration certificates of the vehicles are in the name of the Corporate Debtor. As per Section 14 of IBC, the Respondents…

06-04-2021 (2022) TaxCorp(CL) 26581 (NCLT)

A perusal of the proceedings over the last one year shows that none has appeared for the Respondent to defend the case made out by the Petitioner u/s. 9 of the Code. It is seen that on many occasions …

18-03-2021 (2022) TaxCorp(CL) 26580 (NCLT)

There is no loan agreement between the Financial Creditor and the Corporate Debtor. Neither is there any other document/letter that proves that the loan was requested by the Corporate Debtor from the …

01-03-2021 (2022) TaxCorp(CL) 26579 (NCLT)

The Resolution Applicant takes over the Corporate Debtor with all its assets and liabilities as specified in the Resolution Plan subject to orders passed herein. The Resolution Plan has been approved …

26-04-2021 (2022) TaxCorp(CL) 26578 (NCLT)

The main intention for the Company management of the Corporate Person decided to wind up the Company, as they felt that the Company is not carrying out any business. The Liquidator has complied with all…

30-09-2022 Circular No. SEBI/HO/DDHS/DDHS-RACPOD2/P/CIR/2022/134

Amendment to guidelines and extension of timeline for implementation of Standardized industry classification by Credit Rating Agencies (CRAs) ...

30-09-2022 Circular No. SEBI/HO/IMD/IMD-I DOF1/P/CIR/2022/133

Circular for Portfolio Managers ...

30-09-2022 Circular No. SEBI/HO/IMD/IMD-I DOF1/P/CIR/2022/132

Two-Factor Authentication for transactions in units of Mutual Funds ...

29-09-2022 NOTIFICATION No. S.O. 4584 (E)

Central Government extends the tenure of the Judicial Members and Technical Members of National Company Law Tribunal ...

29-09-2022 NOTIFICATION No. S.O. 4583 (E)

Central Government extends the tenure of the Judicial Members and Technical Members in the National Company Law Appellate Tribunal ...

29-09-2022 NOTIFICATION No. S.O. 4582 (E)

Central Government extends the tenure of the Judicial Members and Technical Members in the National Company Law Appellate Tribunal ...

29-09-2022 Circular No. SEBI/HO/MRD/MRD-RAC-1/P/CIR/2022/131

Participation of SEBI registered Foreign Portfolio Investors (FPIs) in Exchange Traded Commodity Derivatives in India ...

28-09-2022 General Circular No. 09/2022

Extension of time for filing e-form DIR-3-KYC and web-form DIR-3-KYC-WEB without fee upto 15.10.2022 ...

28-09-2022 Circular No. SEBI/HO/DDHS/DDHS_Div3/P/CIR/2022/130

Amendments to guidelines for preferential issue and institutional placement of units by a listed REIT ...

28-09-2022 Circular No. SEBI/HO/DDHS/DDHS-RACPOD2/P/CIR/2022/124

Credit Ratings supported by Credit Enhancement (CE) ...

28-09-2022 Circular No. SEBI/HO/DDHS/DDHS_Div3/P/CIR/2022/129

Amendments to guidelines for preferential issue and institutional placement of units by a listed InvIT ...

27-09-2022 Notification No. 50/2022-Customs

Seeks to further amend notification No. 50/2022-Customs, dated the 30th June, 2017 ...

27-09-2022 Circular No. SEBI/HO/MRD/MRD-PoD-1/P/CIR/2022/128

Modification in Daily Price Limits (DPL) for Commodity Futures Contracts ...

26-09-2022 Circular No. AFD/ P/ CIR/ 2022/ 125

Modification in the Operational Guidelines for FPIs, DDPs and EFIs pertaining to FPIs registered under Multiple Investment Managers (MIM) structure ...

22-09-2022 Circular No. SEBI/HO/DDHS/DDHS_Div3/P/CIR/2022/123

Issue and listing of Commercial Paper by listed InvITs ...

22-09-2022 Circular No. SEBI/HO/DDHS/DDHS_Div3/P/CIR/2022/122

Issue and listing of Commercial Paper by listed REITs ...

20-09-2022 NOTIFICATION No. G.S.R. 715 (E)

Companies (Corporate Social Responsibility Policy) Amendment Rules, 2022 ...

21-09-2022 Circular No. SEBI/HO/DDHS/DDHS-RACPOD2/P/CIR/2022/121

Firewall between Credit Rating Agencies and their Affiliates ...

19-09-2022 Circular No. SEBI/HO/CFD/PoD-1/P/CIR/2022/120

Framework on Social Stock Exchange (“SSE”) ...

19-09-2022 Circular No. SEBI/HO/MIRSD/DoP/P/CIR/2022/119

Validation of Instructions for Pay-In of Securities from Client demat account to Trading Member (TM) Pool Account against obligations received from the Clearing Corporations ...