The Patents Act, 1970, which was amended in 2005 to conform to worldwide norms, regulates the patent status in India. According to the Act, patents are given for brand-new innovations that are inventive, non-obvious, and applicable to industry. There are several stages in the Indian patent application procedure, including filing the application, having it examined, […]
In Uttar Pradesh, all residents of the appropriate state must possess ration card which is distributed by the department of food and civil supplies. The objective of the issue of ration card is to implement the Targeted Public Distribution System (TPDS) that provides essential commodities like rice, wheat, sugar, kerosene, fertilizers, LPG, etc. to its
Section 1 of the Income Tax Act, 1961 begins with the marginal note ‘Short title, extent and commencement’. The Act is to called the Income-tax Act, 1961 per sub-section 1. The Act extends to the whole of India per sub-section 2. The Act came into force on April 1, 1962 per sub-section 3. The history
Applicability of Chapter II to this Chapter The process for conducting a corporate insolvency resolution process under Chapter II and the provisions relating to offences and penalties under Chapter VII shall apply to this Chapter as the context may require. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST
Manner of initiating fast track corporate insolvency resolution process An application for fast track corporate insolvency resolution process may be filed by a creditor or corporate debtor as the case may be, alongwith- (a) the proof of the existence of default as evidenced by records available with an information utility or such other means as may be specified by the Board; and (b) such other information
Time period for completion of fast track corporate insolvency resolution process (1) Subject to the provisions of sub-section (3), the fast track corporate insolvency resolution process shall be completed within a period of ninety days from the insolvency commencement date. (2) The resolution professional shall file an application to the Adjudicating Authority to extend the period of the fast track
Fast track corporation insolvency resolution process. (1) A corporate insolvency resolution process carried out in accordance with this Chapter shall be called as fast track corporate insolvency resolution process. (2) An application for fast track corporate insolvency resolution process may be made in respect of the following corporate debtors, namely: – (a) a corporate debtor with assets and income below
Application of provisions of Chapters II, III, VI, and VII to this Chapter (1) Save as provided under this Chapter, the provisions of sections 24, 25A, 26, 27, 28, 29A, 32A, 43 to 51, and the provisions of Chapters VI and VII of this Part shall, mutatis mutandis apply, to the pre-packaged insolvency resolution process, subject to the following, namely: (a) reference to “members of the suspended
Initiation of corporate insolvency resolution process. (1) The committee of creditors, at any time after the pre-packaged insolvency commencement date but before the approval of resolution plan under sub-section (4) or sub-section (12), as the case may be, of section 54K, by a vote of sixty-six per cent. of the voting shares, may resolve to initiate
Termination of pre-packaged insolvency resolution process (1) Where the resolution professional files an application with the Adjudicating Authority, – (a) under the proviso to sub-section (12) of section 54K; or (b) under sub-section (3) of section 54D, the Adjudicating Authority shall, within thirty days of the date of such application, by an order, – (i) terminate the
CA Bhuvnesh Kumar Goyal
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