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NON DEFAULTING PROMOTERS
Asset which sits in the balance sheet for years without moving, then suddenly wipes out all profit in a single quarterThe most dangerous number on a balance sheet is not always the one that looks wrong. It is often the one that depends heavily on management...
Quote of the day from 'father' of stress research Hans Seyle: 'Stress is not something to be avoided. Complete freedom from stress is...'; lessons on how to manage stress and anxiety from famous Canadian scholarOver 90 years ago, Hans Selye challenged the notion that stress is inherently negative. He argued that stress is a natural part of life, es...
NRI credit cards: Rewards and lounge access aren’t everything, what more NRIs should know before getting an Indian credit cardFor Non-Resident Indians (NRIs), an Indian credit card offers significant benefits beyond convenience, including building a crucial CIBIL s...
Ministry of Information and Broadcasting releases draft rules to 'consolidate' broadcasting sectorThe Ministry of Information and Broadcasting has released draft rules to bring television, radio, DTH, HITS, and IPTV services under the Te...
GST@9: Building a more seamless, certainty-driven input tax credit frameworkA more balanced and predictable approach can help safeguard revenue, reduce disputes, enhance taxpayer confidence, and create a more effici...
The accounting trick used by companies to make a weak balance sheet look strongIn one recent case, a large investment sat comfortably under equity until the auditor read the shareholders' agreement, found a buyback cla...
12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...
Psychology says people who seem stoic don’t lack feelings: They just never learned it was safe to show themPeople often mistake emotional restraint for a lack of feelings. However, psychological studies reveal that individuals who appear detached...
Banks sanction Rs 35,000 cr loans under ECLGS to MSMEs to deal with West Asia crisisBanks have disbursed Rs 35,000 crore in loans under the Emergency Credit Line Guarantee Scheme. This initiative supports MSMEs and industri...
India’s tech workforce is at a turning point. Reskilling will define what comes nextThe Indian software engineer's career path is rapidly evolving due to generative AI and intelligent automation. A significant talent gap ex...
The billionaire shakedown: How India changed its 'default' settingsIndia's decade-old Insolvency and Bankruptcy Code has revolutionized corporate finance, ending a 'defaulter's paradise' and recovering tril...
France says ‘Bonjour’ to more Indian students but with a higher price tagAs visa hurdles rise in traditional study destinations, Indian students are increasingly turning to France. While easier visas and English-...
Profit on paper, loss in reality: How a routine accounting tool is used to deceive and take investors for a rideAmortisation is a number most investors skip, but it can shape reported profit. On the surface, it looks routine: A company spreads the cos...
Higher EPS Pension: EPFO can’t use the excuse of employer’s deficient system of recordkeeping as a ground to deny higher pension to employees, rules Bombay HCBombay High Court ruled in favour of six employees seeking higher pensions. The court stated the Employee Provident Fund Organisation (EPFO...
Allow promoters to bid under IBC if not wilful defaulters: CIIThe government has prohibited promoters of loan-defaulting companies from bidding under the insolvency process citing ethical reasons.
MBL Infra climbs 2% as NCLT finds promoter eligible to bid for companyShares rose after NCLT in an order ruled that the promoter is eligible to bid for his company.
MBL infrastructure promoter eligible to bid for company, says NCLTThe company had filed an application seeking the bench to clarify whether the promoter was still qualified to bid under the provisions of t...
NCLT Kolkata bench allows MBL Infra promoters to bid againThe order assumes significance as it clears confusion regarding the position of non-defaulting promoters who have been barred after the Nov...
Allow defaulters in resolution plans: Companies, industry associationsThe other proposal is to allow micro, small and medium enterprises to bid jointly with non-promoters, even if they have not cleared their d...
Why discriminate against clean promoters of NCLT cases: Sajjan JindalSajjan Jindal has pointed out to the difference in the treatment of clean promoters between NCLT and non-NCLT cases and has questioned the ...