Registration of insolvency professional agency (1) Every application for registration shall be made to the Board in such form and manner, containing such particulars, and accompanied by such fee, as may be specified by regulations: Provided that every application received by the Board shall be acknowledged within seven days of its receipt. (2) On receipt of the application under sub-section (1), the Board may, […]
Principles governing registration of insolvency professional agency The Board shall have regard to the following principles while registering the insolvency professional agencies under this Code, namely: – (a) to promote the professional development of and regulation of insolvency professionals; (b) to promote the services of competent insolvency professionals to cater to the needs of debtors, creditors and such other persons as may
No person to function as insolvency professional agency without valid certificate of registration. Save as otherwise provided in this Code, no person shall carry on its business as insolvency professional agencies under this Code and enrol insolvency professionals as its members except under and in accordance with a certificate of registration issued in this behalf by the Board. Practice area’s of B
The share capital of a company must be classified into different types while being presented in the financial statements. In this article, we look at the different types of share capital and the mode for presentation of share capital on the financial statements. For companies, funding is the most vital part for functioning of the
JharSewa is an online portal that has been developed by the State Government of Jharkhand. It is designed to facilitate the citizens of the state to avail various online services under a single portal. People can register into the portal to access all the services offered by the Jharkhand government. Jharkhand e-District, also known as
In business, financial management is the practice of handling a company’s finances in a way that allows it to be successful and compliant with regulations. That takes both a high-level plan and boots-on-the-ground execution.When most people think of financial management, they often think of managing their own bank accounts: paying the rent or mortgage, paying
Condonation of delay. Notwithstanding anything contained in this Code, where the Board does not perform any act within the period specified under this Code, the relevant Adjudicating Authority may, for reasons to be recorded in writing, condone the delay. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice |
Constitution of advisory committee, executive committee or other committee The Board may, for the efficient discharge of its functions, may constitute advisory and executive committees or such other committees, as it may deem fit, consisting of a Chairperson and such other members as may be specified by regulations. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing |
Powers and functions of Board (1) The Board shall, subject to the general direction of the Central Government, perform all or any of the following functions namely: – (a) register insolvency professional agencies, insolvency professionals and information utilities and renew, withdraw, suspend or cancel such registrations; 1[(aa) promote the development of, and regulate, the working and practices of, insolvency professionals, insolvency professional agencies and information
Power to designate financial sector regulator Until the Board is established, the Central Government may by notification, designate any financial sector regulator to exercise the powers and functions of the Board under this Code. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing
CA Bhuvnesh Kumar Goyal
Chartered Accountants
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