Classification of printed technical documents: specific Chapter 49.01 entry prevails, enabling claimed customs exemptions for imported manuals and rep...
Attachment of Pre Offence Mortgaged Property remains possible under PMLA; secured creditors may pursue statutory claim and seek auction with undertaki...
The amendment streamlines the bankruptcy framework for personal guarantors by omitting clause (g) in regulation 2, replacing prescribed Forms A and B with forms notified by circular, and inserting section 164A into the relevant disclosure provision. It also adds regulation 20A to require the bankruptcy trustee to coordinate asset transfers with the corporate debtor's resolution professional, obtain committee of creditors approval for such transfers, and ensure proper disclosure of approved transfers under the applicable reporting provisions. Form A and Form B are omitted from the principal regulations.
The amendment streamlines the bankruptcy framework for personal guarantors by omitting clause (g) in regulation 2, replacing prescribed Forms A and B with forms notified by circular, and inserting section 164A into the relevant disclosure provision. It also adds regulation 20A to require the bankruptcy trustee to coordinate asset transfers with the corporate debtor's resolution professional, obtain committee of creditors approval for such transfers, and ensure proper disclosure of approved transfers under the applicable reporting provisions. Form A and Form B are omitted from the principal regulations.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4824 
Join Channel 
