Parliament Clears Changes To Insolvency Law
Aug 03 2021, 7:22 PM
August 03 2021, 4:41 PM
August 03 2021, 7:22 PM
The Rajya Sabha cleared the Insolvency and Bankruptcy Code (Amendment) Bill, 2021 today which gives legislative nod to the pre-packaged insolvency resolution process for micro, small, and medium scale enterprises. The lower house of the parliament had passed the Bill on July 28.The bill replaces the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021, promulgated on April 4 this year.The salient features of the pre-packaged in.
The Rajya Sabha cleared the Insolvency and Bankruptcy Code (Amendment) Bill, 2021 today which gives legislative nod to the pre-packaged insolvency resolution process for micro, small, and medium scale enterprises. The lower house of the parliament had passed the Bill on July 28.
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The current safeguard duty (SGD) of 14.5% on imports is set to expire on July 30. Due to World Trade Organisation (WTO) rules, an SGD cannot be applied for more than four years; India is currently in its third year.
Agencies
Domestic solar manufacturers are jittery as the import duty protections to prevent dumping of Chinese modules are expiring by the end of the week, with no replacements in sight yet.
The current safeguard duty (SGD) of 14.5% on imports is set to expire on July 30. Due to World Trade Organisation (WTO) rules, an SGD cannot be applied for more than four years; India is currently in its third year.
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