CENVAT credit for trading requires reversal, while taxable-service rental credit remains proportionately available and limitation issues await resolut...
Vicarious liability for dishonoured company cheques may extend to non-signatory directors where complaints contain foundational responsibility avermen...
Charitable registration turns on predominant purpose and genuine activities, while incidental fees and related-party rent require supporting adverse m...
MAT book-profit adjustments exclude disallowances for exempt-income expenditure and demerger expenditure unless expressly listed under the statutory c...
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The amendment replaces multiple prescribed forms in the pre-packaged insolvency resolution process framework with formats notified by the Board, and omits one clause in regulation 2. It also substitutes the previous form references across regulations 7, 14, 15, 16, 17, 19, 20, 43, 49 and 51, and removes the Schedule after regulation 51. Regulation 18 is rewritten to specify the information and documents a corporate applicant must file with a pre-packaged insolvency application, including director or partner declarations, the resolution initiation approval, proof of at least 51% approval from unrelated financial creditors, insolvency professional consents and reports, financial statements, and authorised representative submissions where applicable.
The amendment replaces multiple prescribed forms in the pre-packaged insolvency resolution process framework with formats notified by the Board, and omits one clause in regulation 2. It also substitutes the previous form references across regulations 7, 14, 15, 16, 17, 19, 20, 43, 49 and 51, and removes the Schedule after regulation 51. Regulation 18 is rewritten to specify the information and documents a corporate applicant must file with a pre-packaged insolvency application, including director or partner declarations, the resolution initiation approval, proof of at least 51% approval from unrelated financial creditors, insolvency professional consents and reports, financial statements, and authorised representative submissions where applicable.
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