Registration norms for insolvency professionals get a makeover

Registration norms for insolvency professionals get a makeover

NEW DELHI, India MARCH 30 The Insolvency and Bankruptcy Board of India (IBBI) has sought to streamline the process and criteria for registration of an insolvency professional (IP), seeking to institutionalise this important pillar of the Insolvency and Bankruptcy Code (IBC). Insolvency resolution professionals determine the life and death of a company in the insolvency […]

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NRIs need not give account details if seeking no refund

NRIs need not give account details if seeking no refund

NRIs need not give account details if seeking no refund

The non-resident Indians will not have to give details of their bank accounts held outside the country while filing their income tax returns, if they are not seeking refunds, the CBDT said on Monday. “It (providing details of foreign bank accounts) is not mandatory. It is optional. It is for cases where refund is sought,” […]

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Demonetisation: Parliament panel may summon PM Modi if RBI’s reply not satisfactory.

Demonetisation: Parliament panel may summon PM Modi if RBI’s reply not satisfactory.

The Public Accounts Committee (PAC) of Parliament can call Prime Minister Narendra Modi on the issue of demonetisation if it is not satisfied with the answers given by top finance ministry officials and RBI Governor Urjit Patel, to whom a detailed questionnaire has been sent. A PAC meeting on this issue has been called on […]

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I’m being victimised, forced to go into hiding: Read Vijay Mallya’s emotional outburst

I’m being victimised, forced to go into hiding: Read Vijay Mallya’s emotional outburst

Beleaguered businessman Vijay Mallya, who has been summoned by the ED to appear before it on March 18, has ruled out his return to India for now, saying the time is not “right”. “There was a lookout notice issued against me last year. But I didn’t ‘escape’. Why am I being portrayed as a criminal […]

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