With the amendment, firms like EY and Deloitte can work as resolution professionals instead of only their partners enrolling as insolvency professionals.
Though Dentsu Aegis says C P Arora left the business in July 2016, his Twitter handle and LinkedIn profile continue to refer to him as Group CFO of Denstu India.
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.
N Sundaresha Subramanian, Karan Choudhury and Shreya Jai report on the sorry condition of homebuyers who invested in Jaypee Infratech and the Amrapali group's Noida-based projects.
Godhwani's exit comes at a time when the company's fund raising plans and proposed related party transactions are under scrutiny, says N Sundaresha Subramanian.
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.
About Rs 2,000 crore of realty money has flown into stocks in the National Capital Region in the months after demonetisation.
The failed deals could be the much-needed wake-up call for the M&A space.
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
Recent incidents suggest these safeguards perform well in simulated conditions and mock drills, but often fall short when actual threats emerge.
'A 180-days period -- for insolvency resolution -- is aggressive, but by no means inadequate.'
At least nine such NGOs that had 'gau' or 'cow' in their names are on the list.
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.
Once the bankruptcy provisions are notified, these proprietary firms will benefit, as Insolvency and Bankruptcy Board plans to consider them as individuals
Close to a million small shareholders have stake in nine NCLT-bound companies
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