https://www.taxtmi.com/acts?id=32490 The Act inserts a definition of corporate guarantor, deems amounts raised from an allottee under a real estate project to have the commercial effect of a borrowing (importing the Real Estate Act's meanings of "allottee" and "real estate project"), substitutes "payment" for "repayment", provides that the insolvency commencement date is the date an interim resolution professional is appointed when not named in the admission order, and expands the related party definition for individuals to enumerate relatives, partnerships, trustees, companies, bodies corporate, persons acting on the individual's directions, and companies controlled by the individual or with related parties. en-us Mon, 20 Aug 2018 11:41:36 +0530 Mon, 20 Aug 2018 11:41:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=32490 The Act inserts a definition of corporate guarantor, deems amounts raised from an allottee under a real estate project to have the commercial effect of a borrowing (importing the Real Estate Act's meanings of "allottee" and "real estate project"), substitutes "payment" for "repayment", provides that the insolvency commencement date is the date an interim resolution professional is appointed when not named in the admission order, and expands the related party definition for individuals to enumerate relatives, partnerships, trustees, companies, bodies corporate, persons acting on the individual's directions, and companies controlled by the individual or with related parties. Act-Rules F. Acts / Amendment Acts Mon, 20 Aug 2018 11:41:36 +0530 https://www.taxtmi.com/acts?id=32490