Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
IBBI amended the Model Bye-Laws and Governing Board of Insolvency Professional Agencies Regulations through notification dated January 28, 2025. The amendment modifies time periods in para VI, clause 12A of the Schedule. The period in proviso to sub-clause (3) is extended from forty-five days to ninety days. Similarly, in sub-clause (5), the timeline is increased from fifteen days to ninety days. These modifications to the 2016 regulations became effective upon official gazette publication. The amendment follows previous changes made through regulations notified on January 31, 2024, exercising powers under sections 196, 204, and 205 read with section 240 of IBC, 2016.
IBBI amended the Model Bye-Laws and Governing Board of Insolvency Professional Agencies Regulations through notification dated January 28, 2025. The amendment modifies time periods in para VI, clause 12A of the Schedule. The period in proviso to sub-clause (3) is extended from forty-five days to ninety days. Similarly, in sub-clause (5), the timeline is increased from fifteen days to ninety days. These modifications to the 2016 regulations became effective upon official gazette publication. The amendment follows previous changes made through regulations notified on January 31, 2024, exercising powers under sections 196, 204, and 205 read with section 240 of IBC, 2016.
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