Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
This circular mandates the use of a centralized electronic listing and auction platform, eBKray, for the sale of assets under the liquidation process. Key points are: Liquidators must list all unsold assets on eBKray, providing comprehensive details like photographs, videos, and coordinates. For ongoing cases, assets must be listed within 7 days of submitting the asset memorandum. Liquidators may use eBKray for auctions in all ongoing cases from the circular's effective date of November 1, 2024. The platform aims to enhance transparency, increase bidder participation, streamline operations, and maximize creditor returns through advanced technology. Initially deployed as a pilot, it will be improved based on usage experience before full-fledged rollout. The circular is issued u/s 196 of the Insolvency and Bankruptcy Code.
This circular mandates the use of a centralized electronic listing and auction platform, eBKray, for the sale of assets under the liquidation process. Key points are: Liquidators must list all unsold assets on eBKray, providing comprehensive details like photographs, videos, and coordinates. For ongoing cases, assets must be listed within 7 days of submitting the asset memorandum. Liquidators may use eBKray for auctions in all ongoing cases from the circular's effective date of November 1, 2024. The platform aims to enhance transparency, increase bidder participation, streamline operations, and maximize creditor returns through advanced technology. Initially deployed as a pilot, it will be improved based on usage experience before full-fledged rollout. The circular is issued u/s 196 of the Insolvency and Bankruptcy Code.
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