PROCESSING TIMELINE
Sebi streamlines process for public issue of debt securities
Further, the minimum subscription period has been cut from 3 to 2 working days, and the listing timeline has been reduced from T+6 to T+3 working days, which will be initially optional for one year and mandatory thereafter, Sebi chief Madhabi Puri Buch said in a press conference.
Canada delays changes to citizenship rules
Changes to Canada's first-generation limit (FGL) concerning the inheritance of Canadian citizenship have been delayed until at least August, as reported by CIC News. The FGL rule dictates that children born outside Canada to Canadian citizens born abroad do not automatically receive Canadian citizenship. Ontario’s Supreme Court deemed this rule unconstitutional, setting a June 19, 2024 deadline for the federal government to address it.
How is the Budget prepared: Insights and expectations for this year
The Indian Union Budget preparation is a meticulous process overseen by the Ministry of Finance (MoF), involving NITI Aayog and other ministries. It begins around August-September, culminating in the February 1 presentation, in a non-General Election year. Defined by Article 112 of the Constitution, it forecasts revenues and expenditures, balancing fiscal prudence with developmental goals through circular issuance, revenue scrutiny, stakeholder consultations, allocation decisions, and the symbolic Halwa Ceremony.
IBBI proposes compliance procedures for IPs, seeks stakeholder feedback
The Insolvency Bankruptcy Board of India (IBBI) has proposed changes to the corporate insolvency resolution process (CIRP) forms and compliance framework to reduce compliance burden on insolvency professionals. The changes aim to reduce the amount of information and data required, enhance efficiency, and reduce redundancy.
Regulator plans to ease compliance burden on insolvency professionals
The bankruptcy regulator, IBBI, aims to reduce the compliance burden on insolvency professionals overseeing stressed asset resolution without compromising accuracy. It plans to streamline reporting, deadlines, and centralize information on a single website for easier access by stakeholders.
Improvement in tech, backend processes & team strength needed to achieve IRDA objective: Shweta Rajani
It is welcoming move what IRDA has done because it now means that one within three hours in a normal case the insurance company has to authorize the entire documentation and the claim approval has to go through, not only that they are also emphasising that there should be a 100% claim and any claim rejection by the insurance company would internally need internal explanations and approvals.
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View: Your first 100 days to-do list, Gov
The upcoming government will have its work cut out for it as it steps into power following the conclusion of the 18th Lok Sabha polls. While the current administration has made strides in improving the business environment in India, there are key reforms that the new government must prioritize to fully capitalize on the country's growth potential.
Viksit elections, Bharat? Onus on EC and next govt to make election process less harrowing
Election season really began in January. By the time the new government and ministers are in place, and pending key civil service appointments are made, it will be June-end. In essence, the country would have devoted six months to the election. While the people's mandate is and must always be unexceptionable, this long period invites some questions.
Social media poll explosion in the middle of street silence; No public gatherings 48 hours prior to the end of voting process
The digital campaign included posts featuring Prime Minister Narendra Modi, CM Arvind Kejriwal, and Rahul Gandhi, sharing their political stances and messages.
NCLAT upholds NCLT order on Jaypee Infra; asks Suraksha to pay additional Rs 1,300 crore
NCLAT affirmed Suraksha Realty's acquisition bid for Jaypee Infratech but mandated an extra Rs 1,300 crore as farmers' compensation. The decision aimed to expedite the resolution plan, addressing concerns of stakeholders, including homebuyers and YEIDA. Suraksha pledged timely payment, aiming to resolve the debt-ridden firm's fate.
Can you transfer EPF account from unexempted trust to EPFO, exempted trust?
EPF account transfer from unexempted trust: Many salaried individual have Employees' Provident Fund account either with EPFO or exempted trusts. However, what if you have an EPF account with unexempted trusts? Does EPF scheme rules allow an EPF member to transfer the unexempted trusts to EPFO or exempted trusts? Read on to know about it.
CBSE board class 12 results 2024: Rules for mark verification and answer sheet revaluation explained
CBSE board class 12 results 2024: Students desiring to challenge their assigned marks can participate in a re-evaluation procedure for their responses. However, only those who have obtained photocopies of their evaluated answer booklets are eligible.
CBSE board class 10 revaluation, reverification 2024 rules announced. Fees, last date and what if there is decrease in marks after recheck
CBSE declared Class 10 results with a 93.60% pass rate. Girls exceeded boys by 2.04%. Over 47,000 students scored above 95%. Support services include verification, obtaining photocopies, and re-evaluation for dissatisfied students.
Are you thinking about studying overseas? This is how to up your odds of getting a scholarship
Explore scholarships strategically with passion, persistence, and organizational discipline to enhance success for international students aspiring academic advancement in their study abroad journey.
IndusInd sets itself a new Rs 4.2 lakh crore target, eyes 2030 timeline
Under the new plan, IIHL is looking to set up a banking, financial services, and insurance portfolio worth $50 billion (Rs 4.2 lakh crore) by 2030. This is including its investment in IndusInd Bank, apart from the new businesses under Reliance Capital, which IIHL won in insolvency proceedings.
CISCE Board Class 12, 10 Results 2024 Out now: Here's how to download it from DigiLocker
The Council for the Indian School Certificate Examinations (CISCE) has announced the results of the Indian Certificate of Secondary Education (ICSE) for Class 10 and the Indian School Certificate (ISC) for Class 12 on May 6 at 11 AM. Students can access their results on the CISCE website, CAREERS portal, and DigiLocker. The exams were conducted from February to March, and the results include details like the student's name, unique candidate ID, date of birth, pass/fail status, and school name, along with subject-wise marks. Students dissatisfied with their scores can opt for rechecking.
Talks between India and China going on "well": Rajnath Singh on possible resolution of Eastern Ladakh row
Under the theaterisation model, the government seeks to integrate the capabilities of the Army, Air Force and Navy and optimally utilise their resources for wars and operations. "The theaterisation process has started. There has been progress on it. Consensus is emerging on it among the three services as it will ensure better utilisation of resources and enhance the military's overall capabilities," the defence minister said.
Want to fight a case in consumer court? Know the process and timeline of filing a case in district, state and national level
Filing of case in consumer court: The Consumer Protection Act, 2019 empowers individuals to file a case in various consumer commissions at district, state and national level at NCDRC. Compared to traditional civil courts, an consumer forum is equipped to hear cases where Consumer Protection Act may have been violated.
Dream11 gets relief from insolvency resolution process
NCLAT freed Sporta Technologies from CIRP after rejecting Reward Solutions' petition linked to a ₹7.61 crore default, aligned with Section 10A guidelines under the Insolvency and Bankruptcy Code, 2016. The tribunal overturned NCLT Mumbai's order regarding Dream11 insolvency.
Go First gets another 60 days to complete insolvency process
A two-member bench of the Delhi-based NCLT admitted the request by the resolution professional (RP) of Go First, seeking an extension of the timeline to complete the corporate insolvency resolution process (CIRP).
UGC explores JEE-like common counselling for undergraduate admissions based on CUET scores
The University Grants Commission (UGC) is considering conducting a common counselling for undergraduate admissions based on Common University Entrance Test-Undergraduate (CUET-UG) scores, similar to medical and engineering courses. A committee has been formed to assess the feasibility of this proposal, with five prestigious universities participating in a pilot run. If implemented, this system would centralize the admission process, allowing students to submit their preferences through a single portal. The timeline for this initiative's implementation depends on the committee's recommendations and subsequent stakeholder consultations.
Indian Oil's Mercator buyout delayed beyond NCLT timeline
IOC is awaiting the go-ahead from the Department of Investment and Public Asset Management (DIPAM), which is the administrative platform for controlling government assets. The deal marked a rare acquisition by a public sector company through the insolvency process.
Reddit’s long, rocky road to an initial public offering
This week, as Reddit began a roadshow to appeal to potential investors, the hurdles it faced were apparent. The company said it was aiming to raise up to $748 million in its offering, selling about 22 million shares at $31 to $34 each, according to a filing. That would put its valuation at around $6.4 billion, below the $10 billion valuation it fetched in 2021 during a private round of financing.
RBI streamlines process of filing supervisory returns by banks, NBFCs
The move will help reduce the burden of compliance on the regulated entities based on the recommendations of the Regulations Review Authority (RRA 2.0) and an Internal Working Group of RBI.
‘One Day’ Timeline unveiled: The unseen moments between Emma and Dexter
In the evolving romantic drama "One Day," the yearly on-screen reunions of Emma and Dexter provide insights into their intricate relationship. Meanwhile, the off-screen moments between each year unveil a captivating timeline marked by challenges, personal growth, and profound impacts.
"Process of arbitration must be efficient in terms of cost, timeline" CJI Chandrachud at Prayagraj
Chief Justice of India inaugurates Prayagraj arbitration centre in Allahabad High Court, emphasizing an efficient arbitration process. He discusses the role of technology, Dr Rajendra Prasad National Law University, and the significance of maintaining the rule of law for good governance.
Wait for unprocessed income tax refund to get longer; deadline extended by 3 months
Income tax refund: Individuals who have pending income tax refund due to the fact that their income tax return (ITR) was not processed by the income tax department would now get their income tax refund by April 30, 2024. However not all individuals would get tax refund, read here to know who gets and who does not.
Stretched timelines: What’s extending the duration of CEO & CXO searches?
Many seasoned pros are dropping off at the fag end of the notice period even after accepting an offer, said at least half a dozen leadership search companies. This is leaving companies, leadership consultants and even boards in a quandary as the time taken to fill a CEO/CXO vacancy - from the start of a search process till the person joins the new company - has extended more than ever before, said people linked to C-suite searches.
NCLT okays 90-day extension for Go First resolution process
The National Company Law Tribunal has allowed Go First's resolution professional to extend the resolution timeline by 90 days until February 4, 2024. The committee of creditors, including Central Bank of India, Bank of Baroda, and IDBI Bank, had passed a resolution to extend the process by 90 days. However, the resolution professional has not found a bidder for the airline, which applied for voluntary insolvency in May.
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