Articles for tag: Amendment, Corporate, Creditor, Empowering, Enhances, Groups, Homebuyers, IBBIs, Indias, insolvency, Large, Process, representation

September 26, 2024

IBBI’s new amendment enhances creditor representation, empowering homebuyers and large creditor groups in India’s corporate insolvency process.

The Insolvency and Bankruptcy Board of India (IBBI) has updated the rules for the Corporate Insolvency Resolution Process (CIRP) to improve how creditors are represented during insolvency cases. The new regulations, effective from September 24, 2024, introduce the role of an interim representative. This person will step in to represent a group of creditors while ...

September 24, 2024

Market News

Business

SEBI proposes streamlined application process for FPIs, reducing redundancy by auto-filling data to save time and effort.

To simplify the application process for Foreign Portfolio Investors (FPIs), the Securities and Exchange Board of India (Sebi) has proposed a shortened Common Application Form (CAF). This new version will only ask for details unique to the applicant, while most other information will be auto-filled from existing records. Sebi aims to streamline the onboarding experience, ...

September 24, 2024

Market News

Business

The MCA’s upcoming internship scheme, powered by AI shortlisting, aims to streamline candidate selection through a neutral panel process.

The Ministry of Corporate Affairs (MCA) is set to launch its internship scheme for applicants in mid-October. The initial candidate shortlisting will utilize artificial intelligence for efficiency. After this, a neutral panel made up of government and industry experts will review the shortlists and create a pool of candidates for companies to choose from. The ...

May 7, 2024

Market News

Crypto Now

Feeling stressed about crypto taxes? You’re not alone! Learn how to simplify the reporting process.

Cryptocurrency taxes can be a real headache for many individuals. Reporting your crypto transactions to the IRS is required by law, but the process can be confusing and time-consuming. Whether you’re trading, mining, or simply holding onto digital assets, it’s important to understand your tax obligations. Stay informed and don’t let crypto taxes catch you ...