Ministry of Corporate Affairs is now likely to examine whether all active companies have PAN or not
Their bank accounts have been frozen. State governments have been told to restrict sales and transfers of real estate assets these companies own.
Veena Mani reports.
Those involved in the discussions say the guidelines for selection of bidders in insolvency cases need to be transparent, otherwise anyone who loses out could take legal recourse, leading to wastage of time and derailing the whole process.
The government plans to rationalise trade margins for many other medical devices, besides stents and knee implants.
Shoppers Stop returns to its core business after divestments. The retailer plans growth through web and private labels.
Her appointment as World Health Organisation's deputy director offers an opportunity to push for improving the medical research environment in India.
With the amendment, firms like EY and Deloitte can work as resolution professionals instead of only their partners enrolling as insolvency professionals.
As India's online population crosses 450 million, e-commerce ventures are trying to grab a pie of online sales estimated to hit $48 billion by 2020.
P P Chaudhary the newly-appointed minister of state for corporate affairs, is monitoring and coordinating actions against shell companies.
Regulators find it difficult to track down illicit transactions with no limit on the number of subsidiaries.
Data from Tamil Naduindicates that NEET favours likely CBSE students. CBSE students took every third seat available in government medical colleges in the state.
From the stock perspective, though, even as all the 10 analysts polled by Bloomberg have a 'buy' recommendation on FRL, their target price of Rs 535 suggest most of the positives are already priced in.
26 chartered accountants associated with such shell companies have also been identified
Vikram Bakshi says the 169 stores will remain open, McDonald's says it will take steps to enforce termination.
Increased price control over branded generic medicines has affected its profitability
Bombay House will be closed for renovation - its first such closure in 93 years
Indian Hotels rolls back its multi-brand strategy to focus solely on luxury, looks to paint all its properties with the Tajness brush.
Since the inception of the code, the threat of insolvency has brought many debtors in line
'A 180-days period -- for insolvency resolution -- is aggressive, but by no means inadequate.'
Insolvency professionals feel the bankruptcy code will deter defaulters, but NPAs will not cease unless banks are sensitised on credit appraisal and experts are hired by banks to inspect what is happening with their loans.
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