The Emirati Ministry of Finance May 25 posted online Ministerial Decision No. 133/2023, on business restructuring relief for corporate tax purposes, under Federal Decree-Law No. 47 of 2022. The decision explains: 1) the exclusion of gains or losses when determining taxable income, for qualifying share transfers with consideration received in addition to shares or other…
India’s largest gas firm GAIL has infused Rs 2,100 crore in insolvent private-sector chemical company JBF Petrochemicals Ltd that it had acquired in bankruptcy proceedings. The firm had in March won bankruptcy court approval for taking over JBF. In a stock exchange filing, GAIL (India) Ltd said it has “infused Rs 2,101 crore (equity –…
SINGAPORE – Scams are here to stay, with scammers devising new tactics and technologies to prey on victims. Deputy Public Prosecutor Gordon Oh Chun Wei reveals how the Attorney-Generals Chambers has prosecuted some scam cases and brought the culprits to justice. Case 1: Renovation scam victims cheated of $1.8 million All they wanted was a…
The legislative process exists for a reason, and this time, it worked out for the best for everyone in Colorado. Colorado SB-23-259, also known as the Extension Of Credit For Limited Gaming, passed through the state Senate and House before Gov. Jared Polis vetoed it. An awful idea, no matter how you look at it…
The Emirati Ministry of Finance May 25 posted online Ministerial Decision No. 133/2023, on business restructuring relief for corporate tax purposes, under Federal Decree-Law No. 47 of 2022. The decision explains: 1) the exclusion of gains or losses when determining taxable income, for qualifying share transfers with consideration received in addition to shares or other…
New Delhi: Future Lifestyle Fashions Ltd has received a total claim of Rs 2,155.53 crore from 12 financial creditors in the corporate insolvency resolution process (CIRP) initiated against this Future group company recently. The resolution professional of the company has provisionally admitted claims of Rs 2,117.03 crore and claims worth Rs 38.5 crore are “under…
A Buy Buy Baby store in the Brooklyn borough of New York, US, on Monday, Feb. 6, 2023. Stephanie Keith | Bloomberg | Getty Images Bed Bath & Beyond is expected to be dissolved after the failed retailer declared bankruptcy, but the company’s crown jewel Buy Buy Baby may live to see another day. The…
Both individuals and organizations may find dealing with debt to be stressful and difficult. Having a sound debt management plan in place is vital when dealing with growing financial commitments. The numerous debt management techniques will be covered in this article, along with how licensed money lenders can help people and organizations on their path…
India’s largest gas firm GAIL has infused Rs 2,100 crore in insolvent private-sector chemical company JBF Petrochemicals Ltd that it had acquired in bankruptcy proceedings. The firm had in March won bankruptcy court approval for taking over JBF. In a stock exchange filing, GAIL (India) Ltd said it has “infused Rs 2,101 crore (equity –…
Tarun KohliPublish Date: 02 Jun, 2023 The central government is getting ready to provide significant compensation to homebuyers who did not receive their properties’ ownership rights soon. In reality, the government is considering introducing a plan that would allow for the registration of completed residential complexes’ units whose builders have declared bankruptcy. The idea, as…