The union budget for 2023-2024 is declared with the vision of empowering an economy that is knowledge-based with strong public finances and a robust financial sector. The Union Budget has proposed certain amendments to the Banking Regulation Act, the Banking Companies Act, and the Reserve Bank of India Act to improve bank governance and enhance […]
To speed up proceedings to clear caseload, Ministry of Corporate Affairs in the January published dozens of proposed amendments to the insolvency code, giving the public until February 2007 to provide input. India’s bid to streamline bankruptcy proceedings includes provisions that could change the proportion of money creditors get from a firm’s liquidation. Provisions under […]