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Webinar on Tax, Accounting and Secretarial implications arising post acquisition under IBC (Virtual Mode)

February 2 @ 4:30 pm - 7:30 pm

Insolvency and Bankruptcy Code, 2016 has turned out to be a game-changer which has been instrumental in resolving various disputes. The law has evolved a lot since its original avatar. However, there is still a lot of uncertainty in so far as the direct tax, indirect tax, accounting and secretarial implications are concerned post acquisition under Insolvency proceedings. To understand the nitty-gritties, a detailed course is being organized by the Commercial and Allied Laws Committee of the Chamber of Tax Consultants.  
 
The structure of the said course is designed in a comprehensive manner covering 5 presentations papers. The Course so designed will give participants a 360-degree view of the subject on the important and frequently visited topics. The sessions would be addressed by eminent faculties having in-depth knowledge and expertise on the subject.
 

Sr. No. Date Topic Speakers

1.

 

 Friday
2.2.20244.30 pm to
6.00 pm

 
Broad overview of IBC Provisions including process and time-lines from the perspective of a resolution applicant (bidder) etc.
  • Drafting of plan
  • Flexibility in seeking reliefs in the resolution plan.
  • Key does and don’ts from tax and regulatory perspective
  • Key areas of concerns/litigation in the context of tax and regulatory laws
  • Grounds of which Form G can be challenged and who can challenge
  • Can RP be removed by NCLT and who can approach?
  • Grounds on which NCLT order approving plan can be challenged? Who can challenge? Implications on resolution applicant?
 CA Pulkit Gupta

2.

 

 Friday
2.2.2024 6.00 pm to
7.30 pm

 
Direct tax implications post acquisition.  
  • Carry forward and set off of loss, depreciation and MAT credit
  • Implication of assignment/extinguishment of liabilities – loan, creditors, etc
  • Impact of corporate restructuring merger, demerger, capital reduction, etc.
  • Pending Proceedings, demands, refunds and rectification for prior year’s. Initiation of new proceedings for prior year’s
  • Effect of appeal pending before NCLAT
 CA Gautam Doshi

3.

 

 Saturday
3.2.202410.00 am
to 11.30 am

 
Companies Act and Secretarial Compliances post acquisition including, issues in relation to past non-compliance, accessing the online portal, change of directors, change of auditor, giving effect to merger / demerger, change in shareholding pattern, capital, issuance of fresh shares reduction, timelines involved etc.
 CS Mamta Binani

4.

 

 Saturday
3.2.202411.30 am
to 1.00 pm

 
Accounting of acquisition
  • Treatment of recording of assets and liabilities
  • Treatment of reserves and surplus
  • impact of treatment being prescribed in the resolution plan,
  • accounting of business combination proposed in the resolution plan
  • Accounting for write off or extinguishment of liabilities, capital reduction, etc.
  • Effect of appeal pending before NCLAT
 CA Himanshu Kishnadwala, Partner, CNK & ASSOCIATES, LLP 

5.

 

 Saturday
3.2.20242.00 pm to
3.30 pm

 
Indirect tax implications post acquisition
  • Proceedings and demands for prior years
  • Registration issues
  • Issues relating to ITC Credit etc.
  • Issues in relation to non-filing for past period
  • Online issues – including enabling filing of return, new place of business
  • Issues in relation to past proceedings and tax liability
  • Ability to file returns for past period – interest, penalty, fee, etc.
  • Effect of appeal pending before NCLAT

Ad Harsh Shah, Partner, 

Economic Law Practice, Advocates & Solicitors,


LMS Platform – One month free viewing for all the registered participants after the sessions are over..

Zoom link will be shared nearing to the event.

Looking forward for your active participation.
Participation Fees:-CTC Members:- Rs. 1,500/- + Rs. 270/- (GST) = Rs. 1,770/-Non-Members:- Rs. 2,000/- + Rs. 360/- (GST) = Rs. 2,360/-Participation Fees to be paid online on the website: CLICK HERE to make payment

LMS Platform – One month free viewing for all the registered participants after the sessions are over..

Zoom link will be shared nearing to the event.

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Details

Date:
February 2
Time:
4:30 pm - 7:30 pm