Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
IBBI amended regulations for corporate insolvency resolution process introducing key changes effective February 2025. New provisions mandate resolution professionals to transfer possession of real estate assets with 66% committee approval. For creditor classes exceeding 1000, up to five facilitators can be appointed at 20% of authorized representative fees. Resolution professionals must submit reports on real estate project development rights within 60 days. Monitoring committees established to oversee resolution plan implementation must provide quarterly updates to adjudicating authority. Relaxations introduced for MSME registration disclosure and performance security requirements for real estate projects where 10% or 100 creditors request modifications.
IBBI amended regulations for corporate insolvency resolution process introducing key changes effective February 2025. New provisions mandate resolution professionals to transfer possession of real estate assets with 66% committee approval. For creditor classes exceeding 1000, up to five facilitators can be appointed at 20% of authorized representative fees. Resolution professionals must submit reports on real estate project development rights within 60 days. Monitoring committees established to oversee resolution plan implementation must provide quarterly updates to adjudicating authority. Relaxations introduced for MSME registration disclosure and performance security requirements for real estate projects where 10% or 100 creditors request modifications.
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