9911796707
TMI BlogSTRATEGIC TRANSFER OF OWNERSHIP OF AIR INDIA COMPLETEDX X X X Extracts X X X X X X X X Extracts X X X X ..... STRATEGIC TRANSFER OF OWNERSHIP OF AIR INDIA COMPLETED X X X X Extracts X X X X X X X X Extracts X X X X ..... ING ACCELERATED CORPORATE EXIT (C-PACE) TO BE ESTABLISHED TO QUICKEN WINDING-UP OF COMPANIES AMENDMENTS IN IBC TO ENHANCE EFFICACY OF THE RESOLUTION PROCESS "Towards implementation of the new Public Sector Enterprise policy, the strategic transfer of ownership of Air India has been completed", said the Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, while presenting th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Union Budget for 2022-23, in Parliament today. She further said that the strategic partner for NINL (Neelanchal Ispat Nigam Limited) had been selected. Also, the public issue of the LIC was expected shortly. Others too are in the process for 2022-23. Smt. Sitharaman further said that the National Bank for Financing Infrastructure and Development (NaBFID) and National Asset Reconstruction Comp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... any had commenced their activities. Accelerated Corporate Exit Smt. Sitharaman stated that several IT-based systems had been established for accelerated registration of new companies. She said that now the Centre for Processing Accelerated Corporate Exit (C-PACE) with process re-engineering, would be established to facilitate and speed up the voluntary winding-up of these companies from the cur ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rently required 2 years to less than 6 months.
Insolvency and Bankruptcy Code
The Finance Minister further stated that necessary amendments in the Insolvency and Bankruptcy Code would be carried out to enhance the efficacy of the resolution process and facilitate cross border insolvency resolution. X X X X Extracts X X X X X X X X Extracts X X X X
|
