New telecom bill may clarify on insolvency norms for stressed firms

With Indian Telecommunication Bill, 2022, a spectrum will be held by a telco till it continues to pay the dues and provide the services. Once the service stops, the spectrum will go to the government.

HEAVY ENGINEERING CORPORATION LIMITED inviting Registered Valuers for assessing “Valuation of specified premises including land parcels located in HEC Estate”.

As per section-247 of the Companies Act, where a valuation is required to be made in respect of any property or any other assets by a person having such qualification and experience and registered as a valuer, this open tender is issued. Las tdate to apply is 26th September 2022

FM Nirmala Sitharaman asks regulators to align with changes

India was at a cusp of change and regulators had to be aligned with that change. "You need regulators also to be aligned with that change, recognise that change, and be ready for it ... otherwise you will be late, and delay in regulation can hit the people, and also institutions and the economy," FM said.

Sebi asks PE, VC funds to share details on startup valuation practices

As per the Sebi directive dated September 6, the funds have to also share - the date of latest valuation, cost of cumulative investments made, latest valuation of investment portfolio, whether the valuation exercise is based on audited or unaudited data of the investee companies, whether the valuation is done by an independent or internal valuer, if additional valuation exercise was carried out during a financial year, details of valuation methodology and if there were any deviations from the said methodology, and whether the scheme has a valuation committee.

Insurance Regulatory and Development Authority of India (IRDAI) seeking Valuer For Determination Of Valuation Of Entity For The Purpose Of M & A Of Insurers And To Provide Necessary Consultancy Services