Specified development authority income receives retrospective tax exemption, subject to non-commercial activity, unchanged income sources, and return-...
Unified Brand India framework introduces voluntary Trust Mark certification and funding support for export branding, packaging and global promotional ...
Origin Declaration authentication governs preferential tariff claims under India-UK CETA, requiring a validated reference number before import clearan...
Separate assessment orders for different years remain valid when distinct notices and hearing opportunities prevent prejudice from combined proceeding...
Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
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.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
