Extended limitation fails without specific suppression allegations, while overseas employee secondment remains taxable as manpower supply within norma...
Time-share accommodation classification excludes Club or Association Service where purchasers receive contractual occupancy rights without genuine mem...
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...
Liquidation process regulations were extensively amended to strengthen committee of creditors control, tighten timelines, and standardise filings. The liquidator must now obtain committee approval for key actions including professional appointments, fees, valuation, claims-related matters, sale terms, private sale, compromise filings, extension requests, and early dissolution, while the committee continues through liquidation subject to revised membership and voting rules. Claims verification, stakeholder updates, and distribution timelines were shortened; form-based filings were replaced by Board-notified formats; and obsolete provisions on consultation committees and certain schedules were removed. The amendments also restrict sales to ineligible resolution applicants and related parties, and require a model liquidation timeline.
Liquidation process regulations were extensively amended to strengthen committee of creditors control, tighten timelines, and standardise filings. The liquidator must now obtain committee approval for key actions including professional appointments, fees, valuation, claims-related matters, sale terms, private sale, compromise filings, extension requests, and early dissolution, while the committee continues through liquidation subject to revised membership and voting rules. Claims verification, stakeholder updates, and distribution timelines were shortened; form-based filings were replaced by Board-notified formats; and obsolete provisions on consultation committees and certain schedules were removed. The amendments also restrict sales to ineligible resolution applicants and related parties, and require a model liquidation timeline.
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