https://www.taxtmi.com/news?id=19339 The Amendment Act permits issuance of shares at a discount when debt is converted into equity under a statutory resolution plan, affecting implementations under the Insolvency and Bankruptcy Code. It requires prior consent of relevant creditors before shareholder approval for excess managerial remuneration where a company has defaulted to banks, public financial institutions, debenture holders, or other secured creditors. The Act also bars registered valuers from valuing assets if they had a direct or indirect interest during the three years before appointment or for three years after completing a valuation. en-us Mon, 08 Jan 2018 12:06:16 +0530 Mon, 08 Jan 2018 12:06:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19339 The Amendment Act permits issuance of shares at a discount when debt is converted into equity under a statutory resolution plan, affecting implementations under the Insolvency and Bankruptcy Code. It requires prior consent of relevant creditors before shareholder approval for excess managerial remuneration where a company has defaulted to banks, public financial institutions, debenture holders, or other secured creditors. The Act also bars registered valuers from valuing assets if they had a direct or indirect interest during the three years before appointment or for three years after completing a valuation. News - Mon, 08 Jan 2018 12:06:16 +0530 https://www.taxtmi.com/news?id=19339