The recent amendments to the IBC practically barred promoters from re-acquiring their own assets, leaving only a small window to convert their non- performing assets into standard assets by paying the overdues.
In 2009, ArcelorMittal had picked up a stake in Uttam Galva Steels. A new Section 29A of the IBC prohibits promoters of companies with NPAs of more than a year from bidding for these companies.
Essar group, Bhushan Steel and JSW group likely to be impacted by changes
India serves as the company's R&D hub as it morphs into a health tech major.
While looking at consumer behaviour in the post demonetisation period, the research found that rural consumers were equally enthusiastic about cashless payments.
Even though the powers of the board of directors stand suspended once a company's insolvency process begins, it does not absolve the directors from actions taken up to two years earlier.
The tax imposed on buyback of shares and employee stock options is different in case of listed and unlisted companies, says Sudipto Dey
Launched this April, the FCG business will end the year with a turnover of Rs 500 crore
'If you wish to expand your business in a competitive global environment, you have no option but to be ethical.'
Under the Companies Act, all the rights of at least 300,000 disqualified directors cease to have any validity.
ArcelorMittal could be interested in Bhushan Steel or Essar Steel, two of the five steel companies referred by RBI for insolvency proceedings.
Some experts says that the high net-worth requirement of Rs 50 crore for setting up an IU is a deterrent.
Since the inception of the code, the threat of insolvency has brought many debtors in line
Businesses that are engaged in both taxable and non-GST supply have re-structured themselves into separate entities to avoid elaborate compliance, says Sudipto Dey.
Any business that makes inter-state supply is outside the ambit of the scheme
'A 180-days period -- for insolvency resolution -- is aggressive, but by no means inadequate.'
As the BJP snaps at its heels, can the Communists stay relevant in the electoral game?
Businesses need to get on board in 15 days, ahead of indirect tax roll-out
Sudipto Dey discusses the changing nature of jobs with Paul Dupuis, who recently took charge as India head of HR services major Randstad.
Sudipto Dey discusses the changing nature of jobs with Paul Dupuis, who recently took charge as India head of HR services major Randstad.
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