Enforcement of resolution-plan directions continues without a Supreme Court stay, preventing suspension of redistribution and escrowed-fund distributi...
Third-party ownership claims over attached property require Special Court adjudication where purchasers lack registered sale deeds and bona fides rema...
Pure-agent reimbursements in clearing and forwarding services are excluded from taxable value when qualifying third-party payments are properly record...
Customs relief for Strait of Hormuz maritime disruptions remains available, with existing conditions continuing unchanged through the extended validit...
The amendment streamlines voluntary liquidation procedure by replacing multiple prescribed forms with forms notified by circular, renaming the stakeholder consultation heading as assistance by stakeholders, and inserting a new claim-management rule requiring stakeholders to submit claims by the public announcement deadline and update them when satisfied. It also requires a liquidator who rejects a claim to record written reasons and communicate admission or rejection within seven days. A new termination framework is added for voluntary liquidation proceedings, requiring the resolution and liquidator's report to state the rationale, treatment of costs, and absence of prejudice or fraud, and providing that termination ends the liquidator's appointment, powers, and further action under the regulations.
The amendment streamlines voluntary liquidation procedure by replacing multiple prescribed forms with forms notified by circular, renaming the stakeholder consultation heading as assistance by stakeholders, and inserting a new claim-management rule requiring stakeholders to submit claims by the public announcement deadline and update them when satisfied. It also requires a liquidator who rejects a claim to record written reasons and communicate admission or rejection within seven days. A new termination framework is added for voluntary liquidation proceedings, requiring the resolution and liquidator's report to state the rationale, treatment of costs, and absence of prejudice or fraud, and providing that termination ends the liquidator's appointment, powers, and further action under the regulations.
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