Tag: catchinteresting

Under the companies Act of 2013, a private company treated as a deemed public company can restore its status as a private company. However, the conversion needs an approval from the NCLT. The resolution for such have been passed by majority, however requires 75% in AGM and the voting pattern was not immediately known. Public … Read More “NCLT on an Oppression compliant against Tata & Sons for conversion from public ltd into Private ltd.” »

Facebook has 217 million users In India. It claims to have imparted training for more than 60,000 small businesses, including 12,000 women entrepreneurs, in India through initiatives such as Boost Your Business and SheMeansBusiness. Under the proposed startup services will be ; providing digital skills and training for those who are looking for work. advising … Read More “Digital Taining Hub- A Startup by FACEBOOK” »

six-member’s task force has been setup. Arbind Modi, CBDT member (legislation) will lead the task force as the convener and other members, including Girish Ahuja (chartered accountant), Rajiv Memani (chairman and regional managing partner of EY) and Mansi Kedia (consultant, Indian Council for Research on International Economic Relations). Chief Economic Adviser Arvind Subramanian will be … Read More “Gov to revise Direct tax laws” »

Paytm alerted its millions of customers regarding a circulation of a fake message claiming to get e-wallet users cashback upto Rs 1,00,000. message claims that customer can win cashback of anywhere between Rs 1,000 to Rs 1 lakh. Paytm’s founder Vijay Shekhar Sharma also asked the customers to not fall into the trap of such … Read More “Paytm boss alerted customers against fake message.” »

An important matter of concern is that the bankruptcy code does not currently specify the kind of buyers who can bid for assets of companies that are undergoing bankruptcy proceedings. As a result, promoters could reacquire their companies at a discount once the lenders decide to sacrifice a part of the money they are owed. … Read More “Upcoming Amendments in IBC with reasons : simplified” »