Repayment plan coming to end prematurely (1) A repayment plan shall be deemed to have come to an end prematurely if it has not been fully implemented in respect of all persons bound by it within the period as mentioned in the repayment plan. (2) Where a repayment plan comes to an end prematurely under this section, the resolution professional shall submit […]
Filing income tax returns (ITR) is an essential responsibility for salaried individuals in India. The ITR-1 form is specifically designed for individuals with income from salary, pension, or interest. This article aims to provide a step-by-step guide to help salaried individuals file their ITR-1 accurately and efficiently. Who is eligible to file ITR-1 for FY2023-24
Kerala PSC or Kerala Public Service Commission online platform is known as Thulasi. The Kerala Government introduced Kerala PSC registration in January 2012. The Kerala PSC Thulasi registration is mandatory for all candidates who want to apply for Kerala PSC recruitment. This KPSC Thulasi registration system helps all job seeker to know all the latest
The Companies Act, 2013 provides a comprehensive framework for the allotment of securities by a company. The Act contains provisions for the issuance of securities through a prospectus or a private placement, and for the creation of debentures by a company. The Act also lays down the conditions for the authorization of the issuance of securities,
Completion of repayment plan (1) The resolution professional shall within fourteen days of the completion of the repayment plan, forward to the persons who are bound by the repayment plan under section 115 and the Adjudicating Authority, the following documents, namely – (a) a notice that the repayment plan has been fully implemented; and (b) a copy of a report by the resolution professional summarising all receipts
Implementation and supervision of repayment plan (1) The resolution professional appointed under section 97 or under section 98 shall supervise the implementation of the repayment plan. (2) The resolution professional may apply to the Adjudicating Authority for directions, if necessary, in relation to any particular matter arising under the repayment plan. (3) The Adjudicating Authority may issue directions to the resolution professional on the basis of an application under sub-section (2).
Effect of order of Adjudicating Authority on repayment plan (1) Where the Adjudicating Authority has approved the repayment plan under section 114, the repayment plan shall – (a) take effect as if proposed by the debtor in the meeting; and (b) be binding on creditors mentioned in the repayment plan and the debtor. (2) Where the Adjudicating Authority rejects the repayment plan under section 114, the debtor and the
Order of Adjudicating Authority on repayment plan (1) The Adjudicating Authority shall by an order approve or reject the repayment plan on the basis of the report of the meeting of the creditors submitted by the resolution professional under section 112: Provided that where a meeting of creditors is not summoned, the Adjudicating Authority shall pass an order on the basis of the report
Notice of decisions taken at meeting of creditors The resolution professional shall provide a copy of the report of the meeting of creditors prepared under section 99 to – (a) the debtor; ( b ) the creditors, including those who were not present at the meeting; and (c) the Adjudicating Authority. Practice area’s of B K Goyal & Co LLP
Report of meeting of creditors on repayment plan (1) The resolution professional shall prepare a report of the meeting of the creditors on repayment plan. (2) The report under sub-section (1) shall contain – (a) whether the repayment plan was approved or rejected and if approved, the list the modifications, if any; (b) the resolutions which were proposed at the
CA Bhuvnesh Kumar Goyal
Chartered Accountants
cabkgoyal@gmail.com
9971782649
Ph: 9971782649
E: cabkgoyal@gmail.com
