Duties and powers of resolution professional during pre-packaged insolvency resolution process. (1) The resolution professional shall conduct the pre-packaged insolvency resolution process of a corporate debtor during the pre-packaged insolvency resolution process period. (2) The resolution professional shall perform the following duties, namely:– (a) confirm the list of claims submitted by the corporate debtor under section […]
Declaration of moratorium and public announcement during pre-packaged insolvency resolution process. (1) The Adjudicating Authority shall, on the pre-packaged insolvency commencement date, along with the order of admission under section 54C – (a) declare a moratorium for the purposes referred to in sub-section (1) read with sub-section (3) of section 14, which shall, mutatis mutandis apply, to the proceedings under
Time-limit for completion of pre-packaged insolvency resolution process. (1) The pre-packaged insolvency resolution process shall be completed within a period of one hundred and twenty days from the pre-packaged insolvency commencement date. (2) Without prejudice to sub-section (1), the resolution professional shall submit the resolution plan, as approved by the committee of creditors, to the
Application to initiate pre-packaged insolvency resolution process. (1) Where a corporate debtor meets the requirements of section 54A, a corporate applicant thereof may file an application with the Adjudicating Authority for initiating pre-packaged insolvency resolution process. (2) The application under sub-section (1) shall be filed in such form, containing such particulars, in such manner and accompanied
Duties of resolution professional before initiation of pre-packaged insolvency resolution process. (1) The insolvency professional, proposed to be appointed as the resolution professional, shall have the following duties commencing from the date of the approval under clause (e) of sub-section (2) of section 54A, namely:– (a) prepare a report in such form as may be specified,
Corporate debtors eligible for pre-packaged insolvency resolution process (1) An application for initiating pre-packaged insolvency resolution process may be made in respect of a corporate debtor classified as a micro, small or medium enterprise under sub-section (1) of section 7 of the Micro, Small and Medium Enterprises Development Act, 2006. (2) Without prejudice to sub-section (1), an
In the cut-throat competition of the modern-day market, it has become of utmost importance to have an identity of one’s own. To have one’s own identity one needs to have a trademark for their good and services. The element to choose for a trademark Registration becomes one of the most difficult tasks. As every product is different
The Employees’ Provident Fund (EPF) passbook contains information and specifics about all the transactions that have been done in the EPF and Employees’ Pension Scheme (EPS) accounts by both the employer and the employee. The passbook lists all of the monthly donations, the interest that has accrued, and the interest that is currently being accrued on the
NGO (Non-Government Organization) is established solely to serve non-profit humanitarian purpose in the form of Charitable Trust/Society/Section 8 Company and once such entity is formally registered it is approved of a bunch of tax exemptions, benefits, reliefs as well as provision of tax deductions for the donors. For that, 12A and 80G registrations are mandatory,
Dissolution of corporate debtor (1) Where the assets of the corporate debtor have been completely liquidated, the liquidator shall make an application to the Adjudicating Authority for the dissolution of such corporate debtor. (2) The Adjudicating Authority shall on application filed by the liquidator under sub-section (1) order that the corporate debtor shall be dissolved from the date of that order and the corporate debtor shall be dissolved accordingly. (3)
CA Bhuvnesh Kumar Goyal
Chartered Accountants
cabkgoyal@gmail.com
9971782649
Ph: 9971782649
E: cabkgoyal@gmail.com
