Homebuyers can claim money if builder goes bankrupt; govt clears ordinance to amend IBC
New Delhi, May 23, 2018
The Union Cabinet on Wednesday approved an ordinance for amendments in the Insolvency and Bankruptcy Code (IBC). The ordinance provides a relief to homebuyers who have invested in housing projects of real estate companies that have gone bankrupt.
Whistleblower writes to Sebi, US SEC, calls current Infosys board a 'disappointment'
Bengaluru, May 23, 2018
A whistleblower has written to the market regulators in India and the US to take action against the Infosys board and claimed the “current board led by Nandan Nilekani failed to uphold the highest traditions of corporate governance practised by the company” and is “a huge disappointment”.
After months of large scale non-compliance in filing of the summary return (GSTR-3B) by taxpayers under Goods and Services Tax (GST), the tax department has started sending reminder notices to such assessees.