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Govt to come out with ordinance to tighten insolvency law

Canada Goose online New Delhi: The government will soon promulgate an ordinance to amend the Insolvency and Bankruptcy Code, aimed at tightening the current framework amid rising number of insolvency canada goose factory sale cases. Canada Goose online

canada goose black friday sale The Cabinet today approved bringing in an ordinance to make «some changes» in the Code, Corporate Affairs Minister Arun Jaitley said. canada goose black friday sale

canada goose The Code, which became operational in December last year, provides canada goose uk shop a market determined and buy canada goose jacket cheap time bound insolvency resolution process. Over 300 cases have already been approved by the National Company Law Tribunal (NCLT) to be taken up under the law, implemented by the corporate affairs ministry. canada goose

Canada Goose Outlet Briefing reporters after the Cabinet meeting, Jaitley said some changes are proposed in the Code and it is being done by way of an ordinance. Canada Goose Outlet

buy canada goose jacket cheap He did not divulge Canada Goose Outlet specific details buy canada goose jacket about the proposed ordinance. buy canada goose jacket cheap

buy canada goose jacket The proposal for ordinance also comes at a time when there are concerns in certain quarters about various aspects of the Code, including the possibility of promoters wresting back control of a company under the insolvency process. buy canada goose jacket

«The whole process (about the ordinance) is at an advanced stage and therefore you want the process to go on the right track,» Jaitley said without providing further details.

He was responding to a query as to why the government was promulgating an ordinance when Parliament session is to be convened next month.

canada goose clearance The corporate affairs ministry has already set up a 14 member committee to identify and suggest ways to address issues faced in implementation of the Canada Goose sale law. canada goose clearance

Canada Goose Parka The Insolvency Law Committee, chaired by uk canada goose Corporate Affairs Secretary Injeti Srinivas, canada goose coats on sale will take stock of the implementation of the Code. Canada Goose Parka

Canada Goose sale More than 300 cases have been admitted for resolution under the Code by the National Company Law Tribunal. Canada Goose sale

canadian goose jacket A case is taken up for resolution under the Code only after receiving approval of the NCLT for the Canada Goose Online same. canadian goose jacket

Canada Goose Jackets Advisory KPMG India’s canada goose Partner Sanjay Doshi said that insulating the insolvency process Canada Goose Parka from undue influence is very critical for its success. Canada Goose Jackets

canada goose deals «One of the key aspects will be canada goose black friday sale to ensure wilful defaulters do not get control of the company. Also, certain other matters especially around tax efficiency, exchange compliances etc which could be an impediment to the process would need amendment,» Doshi said. This cookie policy should be read together with our Privacy Policy. canada goose deals

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canada goose coats canada goose outlet A cookie is a cheap Canada Goose small text file that can be stored on and accessed from your device when you visit one of our sites, to the extent https://www.winterdownparkas.com you agree. The other tracking technologies work similarly to cookies and place small data files on your devices or monitor uk canada goose outlet your website activity to enable us to collect information about how you use our sites. This allows our sites to recognize your device from those of other users on our sites. The information provided below about canada goose uk outlet cookies also applies to these other tracking technologies. These third canada goose coats party service providers use persistent Cookies to help us improve user experience, manage our site content, and analyse how users navigate and utilize the sites. Canada Goose Jackets For example, if you view or listen to any embedded audio or video content you may be sent cookies from the site where the embedded content is hosted. Likewise, if you share any content on this website through canada goose clearance sale social networks (for example by clicking a Facebook «like» button or a «Tweet» button) you may be sent cookies from these websites. We do not canadian goose jacket control the setting of these cookies so please check the websites of these third parties for more information about their cookies and how to manage them. canada goose coats

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Updated: 28 августа, 2018 — 5:09 дп

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