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Month: August 2019
Adjudicating Authority for Individuals & Partnership Firms
21 Aug, 19

Adjudicating Authority for Individuals & Partnership Firms

Adjudicating Authority for Individuals & Partnership Firms The banks and financial institutions had been facing numerous difficulties and hindrances in recovering their loans and thereafter getting the securities enforced as charged with them. As a result of which there was felt a dire need to draft an appropriate mechanism via which the banks and financial […]
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Types of Preference Shares
17 Aug, 19

Types of Preference Shares

Types of Preference Shares Preference shares is the term given to the shares of priority compared to the equity shares. These shares are bound with preferential right to get the dividends declared by the company on priority basis. While the dividend declaration, the preference shareholders are entitled to receive the dividend before the equity shareholders. […]
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Fresh Start Process
14 Aug, 19

Fresh Start Process

Fresh Start Process The Insolvency and Bankruptcy code is a landmark piece of legislation providing a facelift to the existing regime in the areas of restructuring and the insolvency and bankruptcy in India. The code provided the biggest missing piece in the existing jigsaw of laws by establishing a framework for time-bound resolution for defaulting […]
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Recovery of Debts by Financial Creditors
13 Aug, 19

Recovery of Debts by Financial Creditors

Recovery of Debts by Financial Creditors The Insolvency and the Bankruptcy Code was drafted and enacted to consolidate and amend the laws in relation to reorganization and insolvency resolution of Corporate Persons, Individuals, and Partnership Firms. It is evident to highlight that in the preliminarily phase only the provisions related to corporate persons were notified. […]
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Recovery of Debts by Operational Creditors
10 Aug, 19

Recovery of Debts by Operational Creditors

Recovery of Debts by Operational Creditors The Insolvency and the Bankruptcy Code was drafted and enacted to consolidate and amend the laws in relation to reorganization and insolvency resolution of Corporate Persons, Individuals, and Partnership Firms. It is evident to highlight that in the preliminary phase only the provisions related to corporate persons were notified. […]
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DIR-5_ “Exit Route for Surrendering DIN”
08 Aug, 19

DIR-5: “Exit Route for Surrendering DIN”

DIR-5: “Exit Route for Surrendering DIN” DIN is linked with the Permanent Account Number (PAN) or Passport of the applicant and so a person intending to become a director is allowed to obtain one DIN as per rules and regulations. By obtaining a single DIN, a person intending to become a director can become a […]
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Process for Issue of Preference Shares
06 Aug, 19

Process for Issue of Preference Shares

Process for Issue of Preference Shares Preference shares are the equity shares which hold a certain degree of priority benefits. In other words, these are equity shares with added benefits. The holder of this type of stock gets preferential treatment from the company in the form of release of dividend in first priority (receiving dividends […]
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Recovery of Debts by Individuals
02 Aug, 19

Recovery of Debts by Individuals

Recovery of Debts by Individuals Ever since the inception of business the recovery of the pending payments has been a haunting process. The business owners have to go through numerous sleepless nights in tension of the mounting debts that need to be recovered. The pilling debts become an obstacle in smooth running of the main […]
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