Plus: the Insolvency Service and Kids Company, and the Charity Commission issues financial prompts and reminders Now the election is past, it will be important for charities to keep track of the various tax changes that will inevitably follow. VAT rises will usually be a straight additional cost for most charities. Corporation tax increases make…
If you feel smothered by your monthly bills, a call from someone who says they can reduce or eliminate your debts might sound like the answer to your problems. But in many cases, unscrupulous people are behind these calls. They dont have any intention of helping you, but are very interested in taking your money.…
By: ENS Economic Bureau | Mumbai | Published:June 20, 2017 2:07 am Related News IDBI Bank has started insolvency resolution process against Lanco Infratech Ltd on Monday following a directive from the Reserve Bank of India (RBI). While this is the first resolution process initiated by the lenders against 12 large borrowers identified by the…
Global rating agency Moodys has said the effectiveness of a resolution under the Insolvency and Bankruptcy Code (IBC) is expected to be limited as the existing management may continue to play a role even after transferring control to insolvency professionals. Once a resolution under IBC is initiated, control of the company shifts from…
As reported in our previous pieces, the Barrows presidency has been shrouded in secrecy, characterized by back channel deals, and documented evidence of an unabated constitutional assaults, the Freedom Newspaper can reveal. Much has been said and reported about this Senegalese Sarahule multimillionaire in the person of Kallilou Waggeh, who is today Barrows chief political…
Minister of Communications, Ursula Owusu-Ekuful says the Ghana Post Company Limited has begun a restructuring exercise to reposition itself as a viable entity. The companys transformation, which is also expected to create job opportunities, will include the automation of its systems, electronic service centres, staff training and partnerships to develop some of its existing properties.…
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June 19 Bharati Defence & Infrastructure Ltd * Intimation of initiation of corporate insolvency resolution process (CIRP), appointment of interim resolution professional (IRP) Source text: bit.ly/2rHMWGk Further company coverage: ‘); $(‘.second-article-divide’).append($(‘.slider.slider-module’)); $(‘.third-article-divide’).append(‘ Also In Bankruptcy News ‘); var median = (relatedItemsTotal / 2); var $relatedContentGroupOne = $(‘.related-content.group-one ul’); var $relatedContentGroupTwo = $(‘.related-content.group-two ul’); $.each($relatedItems, function(k,v)…
The stock plummeted 20 per cent to close at Rs 1.88 its lowest trading permissible limit for the day as also its 52-week low on BSE. At NSE, shares of the company tanked 19.14 per cent to end at Rs 1.90 its lower circuit limit. “Lanco Infratech Limited…
Mumbai: Insolvency proceeding against Lanco Infratech, one of the 12 loan defaulting banks identified by the Reserve Bank of India (RBI) has been started by IDBI. The proceeding comes on the heels of the RBI directing certain banks to take action against defaulting borrowers. According to the Economic Times, IDBI has initiated the proceeding under…