Reverse Insolvency Under IBC laws, seems best solution for struck real estate projects and Reverse Insolvency concept is kind good for both homebuyer and builder
Category: Cross Border Advisory
Implications of cheque bounce under Insolvency Laws (IBC)
Cheque bouncing is also the default in making payment of debt, and petition under IBC laws may be admitted
Demand Notice significant for admission of application under section 9 of IBC
In the absence of specific evidence relating to invoices actually forwarded by the appellant and there being a doubt, the insolvency petition cannot be entertained under section 9 of IBC.
Can homebuyer approach NCLT before RERA?
RERA has been specifically setup to regulate the real estate sector therefore one must approach RERA before approaching NCLT.
Know: How NRI’s Can Start a Business in India
Numerous queries and ambiguities relating to foreign nationals that we often come across from our visitors and entrepreneurs who are desirous of incorporating a company in India or just wanting to start a business in India.
Are Other Investment Options Better Than PPF, Let’s Do The Comparison
The rate of Public Provident Fund (PPF) will now offer 7.9% but experts say it is still a good option for investors. Given that consumer inflation is down to 3.65%, the real rate of return of the PPF is a healthy 4.25%.
Know The Procedure to Set-Up Your Business in India
Registering a startup or a new business in India first and foremost one has to go by, there are some official procedures a startup or a company has to follow in order to register them in Indian official records.
Know: How to get Import and Export Code in India
Sellers selling goods outside the state/country they operate is called the export of goods, purchasing goods from other countries is called import of goods.
This right time to start your business ! Know how?
Are you thinking about to start your own business! check how?
Recent time has witnessed a high surge in the eco-system best suitable to feed and take care of start-ups. We can summarize some of them as under:-
Online Filing And Processing Of Application For Export Of SCOMET Items
Presently applications for export of SCOMET items are to be mandatory filed online using digital signature as per Para 2.73 (b) of the Handbook of Procedures of FTP 2015-20. The requisite documents in respect of these applications continue to be submitted manually at present.
Service Exports From India Scheme (‘SEIS’)
At best, the Service exporter can be asked to apply for a valid IEC and declare all the export earnings for the previous period. This, to my mind should serve the purpose of Commerce Ministry, i.e., gathering the data on export of services from India.
What Is Import Export Code (IEC) ?
For the purpose of expansion of business you need to take your goods or services to the international market to import in or export out of India for that purpose Import Export License is mandatory.