IBBI, Sebi inks MoU for effective implementation of IBC

By Accommodation Times Bureau MUMBAI: The  Insolvency and Bankruptcy Board of India (IBBI) signed a Memorandum of Understanding (MoU) on Tuesday with the Securities and Exchange Board of India (SEBI) for effective implementation of IBC Code, 2016. The MoU was signed by Anand Baiwar, Executive Director, SEBI, and Ritesh Kavdia, Executive Director, IBBI,

State Govt increases number of society members to hold election on their own

By Accommodation Times Bureau MUMBAI: The state government has increased the number of society members to conduct the election. In 2018, an ordinance was passed in which it stated that society can self-conduct elections of the committee if the society has less than or up to 200 Members and on March 9 Maharashtra

Kerala: Resource Exploitation Of Housing Will Be Soon Regulated

By Accommodation Times Bureau Revenue and Housing Minister E Chandrasekharan said that measures will be taken to restrict the resource exploitation in the housing sector in Kerala. Recently, he was speaking after inaugurating a one-day workshop organized on 'New Hour Literacy for New Kerala' in collaboration with the State Housing Department District

Immovable Property: No Stamp Duty on gift received from Husband

By Accommodation Times Bureau JAIPUR: Chief Minister Ashok Gehlot in a direction of women empowerment on Monday freed stamp duty from the real estate documents given to her by the husband. Gehlot was addressing the review meeting of various departments related to tax revenues in the Chief Minister's Office. In favour of father-mother, son-brother-in-law,

The Banning of Unregulated Deposit Scheme Ordinance, 2019

By Adv. K K Ramani & Adv. N. C. Jain The problem of mounting bad loans in the organized sector has been addressed by introducing and effectively implementing the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI) and the Insolvency and Bankruptcy Code, 2016 (IBC).

Approval to plan 98-C of Civic Body Ludhiana: Sidhu orders action against guilty officers

By Accommodation Times Bureau The Local Government Minister, Punjab, Navjot Singh Sidhu has ordered stringent action against the officers guilty of willful disobedience of the orders issued by him on July 7, 2018 regarding keeping the matter of according approval to Plan 98-C of the Municipal Corporation, Ludhiana in abeyance and

RBI reduces repo rate by 25 basis points to 6.25%

RBI

By Rohit Sharma NEW DELHI: The Reserve Bank of India’s Monetary Policy Committee (MPC) Thursday reduced the repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.5 per cent to 6.25 per cent. The MPC also decided to change the monetary policy stance from calibrated tightening to neutral. Repo

Jaipur Authority attaches 6 properties which failed to pay stamp duty

By Accommodation Times Bureau JAIPUR: Deputy Inspector General, Registration and Stamp, Jaipur-I, Kailash Chandra Yadav on Tuesday has taken action against six stamp duty defaulters who’s dues were outstanding. Yadav has attached defaulter’s property and will set for auction to recover the pending dues, according to the official release. Yadav said according to