We all know that the Union Finance Minister vide a press release dated 24.03.2020 had announced several relief measures relating to statutory and regulatory compliance matters pertaining to various matters including Income Tax, GST etc. in view of COVID-19 outbreak. Now, in order to give effect to the announcements made by the Union Finance Minister vide Press Release dated 24.03.2020, regarding … Continue reading Finance Ministry issues Taxation and other Laws (Relaxation of Certain Provisions) Ordinance, 2020

We are aware that the IBBI amended the CIRP Regulations, 2016 to provide that the period of lockdown imposed by the Central Government in the wake of COVID-19 outbreak shall not be counted for the purposes of the time-line for any activity that could not be completed due to the lockdown, in relation to a corporate … Continue reading Period of lockdown shall be excluded for the purpose of counting of the period for ‘Resolution Process under Section 12 of the Insolvency and Bankruptcy Code, 2016