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    IBBI organises training programme for Indian Corporate Law Service Trainee Officers
    CCI approves acquisition by Shrem InvIT of equity in ten road infrastructure projects from Dilip Buildcon Limited (DBL) and its associates
    Union Finance Minister Smt. Nirmala Sitharaman chairs meeting with heads of Public Sector Banks and Regional Rural Banks (RRBs)
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July 14, 2022
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Insolvency and Bankruptcy Code training enhances trainee officers' grasp of insolvency processes, regulator roles and institutional elements.
The training programme focused on the Insolvency and Bankruptcy Code, 2016, covering the regulator's role, grievance redressal and disciplinary mechanism, and practical case studies of insolvency processes including the Corporate Insolvency Resolution Process, liquidation, voluntary liquidation, fast track resolution, and individual insolvency, and introduced institutional components such as Adjudicating Authority, Insolvency Professionals, Insolvency Professional Agencies, Information Utilities, Creditors, Registered Valuers, and Financial Service Providers.
July 12, 2022
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Merger control approval: acquisition of road-project SPVs by an InvIT approved, units issued as consideration.
The CCI approved an acquisition by Shrem InvIT of 100% equity in ten Target SPVs holding road infrastructure projects under Section 31(1) of the Competition Act, 2002, with consideration to include issuance of units of Shrem InvIT to Dilip Buildcon Limited and its associates; Shrem InvIT is a registered InvIT and the Target SPVs were incorporated to develop specified road projects.
July 8, 2022
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Account aggregator system onboarding: public sector banks instructed to complete implementation by end of July to strengthen rural banking.
The Finance Minister directed public sector banks to onboard the account aggregator system by the end of July, urged sponsor banks and the IBA to prepare a time bound roadmap and lead technological advancements for RRBs, and ordered time bound disposal of pending Kisan Credit Card (KCC) applications alongside saturation camps and periodic performance reviews to extend KCC benefits to eligible animal husbandry, dairying and fisheries beneficiaries.

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Acts Income Tax