New Delhi: Finance minister Arun Jaitley on Tuesday asked finance and corporate affairs ministry officials to implement the Insolvency and Bankruptcy Code, 2016 in a time-bound manner to achieve the goals of the new law. Parliament on 11 May passed the Code, which will ensure smoother settlement of insolvency, enable faster turnaround of businesses and…
The Union Finance Minister Shri Arun Jaitley directed the Senior Officers of the Ministry of Finance and Corporate Affairs to take suitable necessary action for implementation of Insolvency and Bankruptcy Code (IBC) 2016 in a time bound manner. The Finance Minister said that an immediate action is required on the key requirements for implementation of…
Finance Minister Arun Jaitley today directed senior officials of the ministries of finance and corporate affairs to take steps, including setting up of a board, for the implementation of Insolvency and Bankruptcy Code (IBC) 2016 in a time bound manner. “Implementation in a time bound manner is very crucial in order achieve the…
NEW DELHI: Finance Minister Arun Jaitley today took stock of steps being taken for implementation of the Insolvency and Bankruptcy Code that seeks to make debt recovery process stronger and quicker. The Insolvency and Bankruptcy Code, 2016 notified by the government in May seeks to consolidate and amend laws relating to reorganisation as well as…
What is equity? And who gets it? All venture and seed investors would buy equity shares for ownership and secure their investments with preferred stocks purchase while making investments. Thus it is important for entrepreneurs to understand what it means to their company. Equity broadly means ownership interest. Stock is one of the expressions of…
Tip off Fairfax Media’s investigations team The Federal Court has ordered more than $2 million to be paid to bankruptcy trustees of underworld construction identity George Alex in a case that exposed allegations of standover tactics and dodgy deals across Australia’s building industry. Sydney construction identity George Alex. Photo: James Alcock The case involved some of…
Company could have around 4.5m to distribute to shareholders The board of Dublin-listed Merrion Pharmaceuticals has proposed that the company be wound up, with its remaining funds distributed to shareholders. Following the sale of its intellectual property assets to drug giant Novo Nordisk and changes to the licence agreements between the two companies last year,…
The housing minister is investigating whether a company which Kiwi families say left them with half-finished renovations breached new disclosure requirements. Renovar Ltd, of which Jonathan Sommers was the sole director, was put into liquidation on August 9. And the liquidator says it’s unlikely any of the complainants will get their money back. Homeowner Amanda…
Aug. 22, 2016 12:53 a.m. ET TOKYO Sharp Corp. SHCAY 2.29 % will implement a large-scale corporate restructuring to achieve profitability, with the hope of restoring the brands image as a global provider of innovative consumer electronics, the companys new chief executive said Monday. My mission as the leader of Sharp is to turn around…
Company could have around 4.5m to distribute to shareholders The board of Dublin-listed Merrion Pharmaceuticals has proposed that the company be wound up, with its remaining funds distributed to shareholders. Following the sale of its intellectual property assets to drug giant Novo Nordisk and changes to the licence agreements between the two companies last year,…