Transaction value and connected person treatment in excise valuation: proprietary concerns not inter connected undertakings, relief on valuation and c...
Appointment of Registrars as adjudicating officers under Companies Act reallocates territorial jurisdiction and sets appeal route to Regional Director...
Composite supply of drilling services and site specific chemicals characterised as composite supply; prior advance rulings set aside, tax rate left op...
Cross country pipeline classification and ITC entitlement: pipelines outside factory treated as immovable, ITC disallowed under Section 17 restriction...
IBBI specifies the prescribed formats for key stages of the voluntary liquidation process under the VL Regulations, including public announcement, proof of claim forms for operational creditors, financial creditors, workmen or employees, authorised representatives, and other stakeholders, along with forms for deposit of unclaimed dividends or undistributed proceeds, compliance certification, withdrawal from the corporate voluntary liquidation account, and intimation of termination proceedings. The formats require disclosure of claim particulars, supporting documents, bank details, mutual credits or set-off, security interests, disputes, and affidavits/verification of truthfulness. The compliance certificate also captures timeline adherence, stakeholder distributions, avoidance transactions, and any deviations or pending proceedings.
IBBI specifies the prescribed formats for key stages of the voluntary liquidation process under the VL Regulations, including public announcement, proof of claim forms for operational creditors, financial creditors, workmen or employees, authorised representatives, and other stakeholders, along with forms for deposit of unclaimed dividends or undistributed proceeds, compliance certification, withdrawal from the corporate voluntary liquidation account, and intimation of termination proceedings. The formats require disclosure of claim particulars, supporting documents, bank details, mutual credits or set-off, security interests, disputes, and affidavits/verification of truthfulness. The compliance certificate also captures timeline adherence, stakeholder distributions, avoidance transactions, and any deviations or pending proceedings.
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