Functions of insolvency professional agencies An insolvency professional agency shall perform the following functions, namely: – (a) grant membership to persons who fulfil all requirements set out in its bye-laws on payment of membership fee; (b) lay down standards of professional conduct for its members; (c) monitor the performance of its members; (d) safeguard the rights, privileges and interests […]
Governing Board of insolvency professional agency The Board may, for the purposes of ensuring that every insolvency professional agency takes into account the objectives sought to be achieved under this Code, make regulations to specify- (a) the setting up of a governing board of an insolvency professional agency; (b) the minimum number of independent members to be on the governing board of
Appeal to National Company Law Appellate Tribunal Any insolvency professional agency which is aggrieved by the order of the Board made under section 201 may prefer an appeal to the National Company Law Appellate Tribunal in such form, within such period, and in such manner, as may be specified by regulations. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing
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 |
CA Bhuvnesh Kumar Goyal
Chartered Accountants
cabkgoyal@gmail.com
9971782649
Ph: 9971782649
E: cabkgoyal@gmail.com
