NEW DELHI: Putting in place the operational framework for insolvency and bankruptcy law, IBBI is being assisted by two advisory panels with inputs on various aspects, including on service providers and corporate liquidation. IBBI has been set up under the Insolvency and Bankruptcy Code that seeks to consolidate and amend laws relating to reorganisation as…
The number of people becoming insolvent across England and Wales leapt by a fifth in the third quarter of 2016, with experts warning that the numbers could continue to increase as the cost of living rises following the UKs Brexit vote. There were 24,251 personal insolvencies between July and September, marking a 19.3% increase compared…
By: PTI | New Delhi | Published:November 27, 2016 3:58 pm Putting in place the operational framework for insolvency and bankruptcy law, IBBI is being assisted by two advisory panels with inputs on various aspects, including on service providers and corporate liquidation. IBBI has been set up under the Insolvency and Bankruptcy Code that seeks…
By: PTI | Kolkata | Published:November 26, 2016 3:50 pm Institute of Company Secretaries of India (ICSI) has formed an Insolvency Professional Agency and had applied to the Insolvency and Bankruptcy Board for its registration.The Insolvency and Bankruptcy Code of India has got the Presidents assent and is now in place. ICSI thus has formed…
Institute of Company Secretaries of India (ICSI) has formed an Insolvency Professional Agency and had applied to the Insolvency and Bankruptcy Board for its registration. “The Insolvency and Bankruptcy Code of India has got the President’s assent and is now in place. ICSI thus has formed an Insolvency Professional Agency for which we…
Hundreds of people in a former steel town in north-east England have been revealed to be directors of a range of pornography, dating, diet and travel websites. An investigation by the Reuters news agency found that at least 429 residents of Consett, County Durham, had been or still were being paid to serve as directors…
John Mawson and his wife Sandra live in a cramped one-storey home on a hill near Consett, an old steel town in the north east of England. They have been company directors for years, and between them serve 15 firms. But John had no idea what their companies did until a few years ago, when…
In 2014, Ukraine unveiled an ambitious roadmap to prosperity by 2020. The varied aims include applying for European Union membership, becoming one of the top 30 countries in the World Banks Doing Business ranking, overhauling the civil service and winning at least 35 medals at the 2020 Olympics in Tokyo. Two years later, progress has…
ONLY 1,022 out of 3.6 million credit card holders have been declared bankrupt for failing to settle debts from January to June this year, says Deputy Finance Minister Datuk Othman Aziz. A majority of them were aged 45 and above, and only 10 of them were between 21 and 30 years old, he added. To…
By: ENS Economic Bureau | Mumbai | Published:November 25, 2016 3:21 am Model bye-laws, governing board of Insolvency Professional Agencies notified. The stage has been set for the introduction of a new category of professionals in India who will deal with the process of insolvency in the country. In a move that will speed up…