“The reforms are a critical part of our economic recovery plan and will help to boost business confidence and dynamism across the economy by allowing viable businesses to survive as our economy rebuilds,” Mr Frydenberg said. Loading The changes come as Mr Frydenberg resets fiscal policy to drop old assurances about a return to surplus…
Harlow-based Simon Moir (58) has been disqualified from acting as a director for 14 years, one year below the maximum term. From 22 September, the holiday parks boss will be banned from acting as a director or directly or indirectly becoming involved, without the permission of the court, in the promotion, formation or management of…
The Lok Sabha passed the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020 on Monday through a voice vote. Publish Date: Mon, 21 Sep 2020 08:51 PM IST New Delhi | Jagran Busines Desk:The Lok Sabha passed the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020 on Monday through a voice vote. Responding to the…
The owner of a Brisbane building company that collapsed owing more than $5.5m now faces legal action over his family home in an exclusive suburb. Mansfield-based Bulkbuild Pty Ltd into voluntary administration in June and later liquidators Hall Chadwick’s Ginette Muller and Marcus Watters were appointed. The liquidators have filed an application with the Supreme…
Ministers are in talks to extend a moratorium aimed at preventing a deluge of company insolvencies amid fears that renewed trading restrictions will tip thousands of businesses beyond the brink of collapse. Sky News has learnt that officials are discussing an extension of the ban on statutory demands being used as the basis for winding-up…
Date published: September 19 2020 The board of SA Super Rugby (Pty) Ltd which trades as the Southern Kings has placed the insolvent company into voluntary liquidation to secure the longer-term financial future of rugby in Eastern Province. The shareholders the Eastern Province Rugby Union (EPRU) and SA Rugby took the decision in the face…
Finance Minister Nirmala Sitharaman on Saturday said law provides for carrying out insolvency and bankruptcy proceedings against corporate debtors as well personal guarantors together. She was replying to a debate on the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020, in the Rajya Sabha which passed the proposed legislation to replace an ordinance in this…
A development company that once boasted a $3.5bn pipeline of apartment projects in southeast Queensland is exiting the state amid continuing uncertainty over the future of the construction sector. Urban Construct Qld and associated companies are being wound up voluntarily by its shareholders with a liquidator put in charge of the company’s affairs. The company…
The Australian Securities and Investments Commission (ASIC) announced this Friday that it has cancelled the Australian Financial Services (AFS) licence of Union Standard International Group Pty Ltd, which operates under the brand USGFX. The cancellation of USGFXs AFS licence follows on from the foreign exchange (forex) broker being ordered to enter into liquidation by the…
By Wayne Robinson | 18 September 2020 The company that was formerly Sunshine Coast based Express Print & Mail is in liquidation with debts listed at $4m, however the Express Print & Mail business, including the brand itself, was sold prior to liquidation, and is now trading from a new address in nearby Kunda Park.…