Gauhati HC: DRT Has to Dispose of Application under Section 17 of SARFAESI Act as per RDB Act  ||  Kerala HC: Showing or Waving Black Flag to a Person Cannot Amount to Defamation  ||  Del. HC: Merit Based Review of Arb. Award Involving Reappraisal of Factual Findings is Impermissible  ||  Del. HC: It is the Product and Not the Technology Used that Determines HSN Classification  ||  P&H HC: Provis. of Punjab Recruitment of Ex-Servicemen (First Amendment) Rules are Unconstitutional  ||  Cal HC: High Time that Irretrievable Breakdown of Marriage be Read as Grounds of Desertion & Cruelty  ||  Supreme Court: Third Party Can File SLP Against Quashing Of Criminal Proceedings  ||  SC: Absolute Ownership in Property as Per HSA Can’t be Claimed by Woman with Limited Interest  ||  SC: Can’t Forego Fundamental Requirements of Election of Society in Absence of Specific Provisions  ||  SC: Special Efforts Should be Made to Identify Women Prisoners Eligible for Release u/s 479 of BNSS    

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 2024 - All Rights Reserved