Amendments

Shifting of Registered Office after the approval of Resolution Plan under IBC – The Companies (Incorporation) Third Amendment Rules, 2023, G.S.R. 790(E) dated 20.10.2023

Th First proviso to Rule 30(9) of the Companies (Incorporation) Rules, 2014 provide that the shifting of registered office shall not be allowed if any inquiry, inspection or investigation has been initiated against the company or any prosecution is pending against the company under the Act.
On 20.10.2023, MCA inserts second proviso to Rule 30(9) that where the management of the company has been taken over by new management under a resolution plan approved under section 31 of the Insolvency Bankruptcy Code, 2016 and no appeal against the resolution plan is pending in any Court or Tribunal and no inquiry, inspection, investigation is pending or initiated after the approval of the said resolution plan, the shifting of the registered office may be allowed. The new proviso enforce w.e.f. 21.10.2023.

Shifting of Registered Office after the approval of Resolution Plan under IBC – The Companies (Incorporation) Third Amendment Rules, 2023, G.S.R. 790(E) dated 20.10.2023 Read Post »

Relaxation of IBBI Regulatory Fee in cases where the approved resolution plan in respect of a Real Estate Project is from an Association or Group of Allottees – IBBI (CIRP) (Amendment) Regulations, 2023, Notification No. IBBI/2023-24/GN/REG102 dated 20.07.2023

IBBI inserts an explanation to the CIRP Regulation 31A clarifying that the regulatory fee shall not be payable in cases where the approved resolution plan in respect of insolvency resolution of a real estate project is from an association or group of allottees in such real estate project.

Relaxation of IBBI Regulatory Fee in cases where the approved resolution plan in respect of a Real Estate Project is from an Association or Group of Allottees – IBBI (CIRP) (Amendment) Regulations, 2023, Notification No. IBBI/2023-24/GN/REG102 dated 20.07.2023 Read Post »

Change in the name of Centre under New Delhi International Arbitration Centre Act, 2019 from ‘New Delhi International Arbitration Centre’ to ‘India International Arbitration Centre’ – SO 644(E) dated 13.02.2023

MINISTRY OF LAW AND JUSTICE(Department of Legal Affairs)NOTIFICATIONNew Delhi, the 13th February, 2023 S.O. 644(E).— In exercise of the powers

Change in the name of Centre under New Delhi International Arbitration Centre Act, 2019 from ‘New Delhi International Arbitration Centre’ to ‘India International Arbitration Centre’ – SO 644(E) dated 13.02.2023 Read Post »

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