Chhattisgarh HC: Father Must Provide Maintenance and Marriage Expenses to Unmarried Adult Daughter  ||  Delhi HC Rules That ‘Hermès’ and the 3D Shape of its ‘Birkin’ Bag are Well-Known Trademarks in India  ||  Kerala HC: Arrest is Illegal if Accused isn’t Produced in 24 Hours and Rearrest From Prison is Barred  ||  Supreme Court: Treating Every Sour Relationship as Rape Undermines the Seriousness of the Offence  ||  Supreme Court: Section 7 IBC Application Cannot be Rejected for Curable Defects in Affidavit  ||  NCLT Kochi: Sec 7 Insolvency Cannot be Filed Against Guarantor Without First Enforcing the Guarantee  ||  Patna High Court: Mere Two-And-A-Half-Year Incarceration is Not Sufficient for Bail under UAPA  ||  Bombay HC: Insolvency Cannot be Used to Evade a Family Court’s Maintenance Order  ||  Kerala HC: Forklifts and Factory Cranes Are Motor Vehicles and Must be Registered under MV Act  ||  Guj HC: Edible Crude Palm Kernel Oil Qualifies for Duty Exemption; End-Use Condition not Applicable    

Ministry of Corporate Affairs Notifies Winding Up Rules - (29 Jan 2020)

COMPANY

Ministry of Corporate Affairs has notified rules for winding up of companies, making it easier for smaller firms to wind up businesses without taking approval. The Ministry has provided rules for summary procedures for liquidation of companies of asset size of Rs 1 Crore, which have not accepted deposits exceeding Rs 25 Lakhs, have a turnover less than Rs 50 Crores and total loan under Rs 25 Lakhs.

Tags : MINISTRY OF CORPORATE AFFAIRS   WINDING UP RULES  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved