As Insolvency & Bankruptcy Code passes its “formative days”, NCLT Mumbai Bench clarifies provisions – Legally India

The National Company Law Tribunal, Mumbai Bench presided over by Justice (Retd.) B.S.V Prakash Kumar has on April 10, 2017 passed a detailed order interpreting certain provisions of Insolvency and Bankruptcy Code, 2016. This order came to be passed in an application filed by DF Deutsche Forfait AG (Operational Creditor) under Section 9 of the…

Rockwell provides further update regarding interim liquidation orders against three subsidiaries in South Africa – Stockhouse

VANCOUVER, April 21, 2017 /CNW/ – Rockwell Diamonds Inc. (“Rockwell” or the “Company”) (TSX:RDI; JSE:RDI)  provides a further update to the interim liquidation orders against three subsidiaries of the Company issued by a judge in Kimberley, South Africa on March 23, 2017. The interim orders, which have yet to be confirmed in a final hearing…

Tax guidance updated for companies entering liquidation – CCH Daily inc Accountancy Live (subscription) (blog)

Problems arise when companies enter formal winding up which are highlighted in mandatory online filing, therefore insolvent companies in any form of formal winding up or administration procedure are exempt from filing online. However this exemption does not apply to companies moving towards informal striking off or those entering a MVL. Risks can arise as…

Guidance updated for companies entering liquidation – CCH Daily inc Accountancy Live (subscription) (blog)

Problems arise when companies enter formal winding up which are highlighted in mandatory online filing, therefore insolvent companies in any form of formal winding up or administration procedure are exempt from filing online. However this exemption does not apply to companies moving towards informal striking off or those entering a MVL. Risks can arise as…

Veterans evade financial crisis – The Recorder

SECURE: Port Pirie Returned Services League sub-branch president Malcolm Bond stands beside a military mural in the clubrooms. Local veterans have evaded any fallout from the financial troubles being experienced by Returned Services League South Australia. The state branch has gone into voluntary administration as a result of financial problems. President of the Port Pirie…