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M J Antony: Scramble of creditors
It is not exactly like the Greek tragedy being played out in Europe, but the scramble of creditors when a company sinks could be messier still. There are queues of secured and unsecured creditors, taxmen from different revenue departments, claims from managers of provident fund, pension fund and other welfare schemes, and employees themselves demanding wages. Setting priority has been a contentious
It is not exactly like the Greek tragedy being played out in Europe, but the scramble of creditors when a company sinks could be messier still. There are queues of secured and unsecured creditors, taxmen from different revenue departments, claims from managers of provident fund, pension fund and other welfare schemes, and employees themselves demanding wages. Setting priority has been a contentious
BL Kashyap shares slump on reports of PF irregularities
Shares of BL Kashyap & Sons hit a 20 per cent lower circuit on Thursday following media reports that the company had been charged with provident fund (PF) evasion.
Shares of BL Kashyap & Sons hit a 20 per cent lower circuit on Thursday following media reports that the company had been charged with provident fund (PF) evasion.
EPFO proposes salary cap rise to Rs 10,000
Companies with 10 employees may also come under EPF Act. Most Read Business Quiz | GamesNew Children's Day Special: How much insurance do you need SBI deposit rates cut 25-50 bps
Companies with 10 employees may also come under EPF Act. Most Read Business Quiz | GamesNew Children's Day Special: How much insurance do you need SBI deposit rates cut 25-50 bps
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