Capital markets regulator Securities and Exchange Board of India (SEBI) has come out with guidelines that allow listed companies to serve the letter of offer, application form, and other offer material electronically. What changes for a share holder?
The FM also announced a Rs 30,000-crore special liquidity scheme, in which the government will fully guarantee investments in investment grade debt paper of non-banking financial institutions, housing finance companies and microfinance institutions.
The novel coronavirus, which has infected over 2,00,000 people and led to the death of over 8,000 people globally is expected to have a strong negative impact on GDP growth in the country especially the tourism, aviation, hospitality and trade.
Non-adherence to timelines under the Insolvency and Bankruptcy Code (IBC) is an issue that has been repeatedly raised by lenders and the government has repeatedly sought to address it through amendments to the IBC.
A government notification said that the special excise duty on petrol was hiked by Rs 2 per litre to Rs 10 per litre and to Rs 4 per litre for diesel. Road cess on both petrol and diesel has also been increased by Re 1 per litre to Rs 10 per litre, the notification added.
The Indian Express has learnt. The delay by the DoT comes even as the Committee of Creditors (CoC), led by State Bank of India (SBI), approved a Rs 23,000-crore plan for the resolution of RCom last week.
The report of the Insolvency Law Committee, which is set be submitted to Finance Minister Nirmala Sitharaman, has also recommended a lower threshold of Rs 5 lakh for initiation of insolvency against micro, small and medium enterprises (MSMEs).