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An ordinance was promulgated to amend the Insolvency and Bankruptcy Code (IBC) on April 4, according to a notification The government has amended the insolvency law to provide for a pre-packaged resolution process for micro, small and medium enterprises.
An ordinance was promulgated to amend the Insolvency and Bankruptcy Code (IBC) on April 4, according to a notification.
The latest move comes less than two weeks after the suspension of certain IBC provisions ended. The suspension wherein fresh insolvency proceedings were not allowed for a year starting from March 25, 2020 was implemented amid the coronavirus pandemic disrupting economic activities.
As per the ordinance, it is considered necessary to urgently address the specific requirements of Micro, Small and Medium Enterprises (MSMEs) relating to the resolution of their insolvency, due to the unique nature of their businesses and simpler corporate structures.
In the post-pandemic world, addressing inequality is key to sustaining growth and well-being
COVID-19 in the last one year has once again reminded us of the growing inequalities in India. A recent Pew Research Report shows that India’s middle class may have shrunk by a third due to the novel coronavirus pandemic while the number of poor people earning less than ₹150 per day more than doubled. The Pew report also warned that the situation may actually be worse than estimated because of worsening inequalities. International organisations like the World Bank, the International Monetary Fund and the International Labour Organization have also warned about rising inequalities in several countries including India due to the pandemic.
Helbiz Completes Acquisition of MiMoto to Add E-Mopeds to Its Innovative Fleet of Micro-Mobility Vehicles
All three devices will be available on a single platform in major Italian cities Helbiz, a leader in micro-mobility and the business combination target of GreenVision Acquisition Corp. (Nasdaq: GRNV), today announced the completion of its acquisition of MiMoto Smart Mobility S.r.l. (
MiMoto ), the first moped sharing platform in Italy. Through this acquisition, Helbiz will expand its fleet of sharing vehicles by integrating MiMoto s electric moped service onto its platform. Users will now be able to access e-scooters, e-bicycles and e-mopeds on one seamless app. The electric moped service is currently available in four Italian cities including Milan, Turin, Genoa and Florence and will expand into other cities in the coming months.
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Provides business update
Ottawa, Ontario (Newsfile Corp. - April 1, 2021) - KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) ( KWESST or the Company ) announces the results of its 2021 Annual and Special Meeting of shareholders held on Wednesday, March 31, 2021 in virtual format.
Shareholders approved all the resolutions detailed in the management information circular of the Company dated February 11, 2021, namely:
Electing all the nominees to the Board of Directors of the Company;
Appointing KPMG LLP as auditor of the Company for the ensuing year and authorizing the directors to determine the auditor s compensation; and,
Approving the Company s long term incentive plan.
The Company also provided the following general business update to investors.
Micro Systemation (MSAB): Changed date for MSAB s (publ.) Annual General Meeting 2021
MSAB (publ.) has previously announced that the 2021 Annual General Meeting would be held on Thursday, May 13, 2021. As the following day is a public holiday in Sweden, the Board of Directors has decided to move the meeting to Tuesday, May 11, 2021 to increase the possibility for shareholders to participate in the meeting.
A separate invitation to the Annual General Meeting will be sent out in the usual way.
The information was submitted for publication on March 17, 2021 at 08:00 CEST.
Questions should be addressed to:
Chief Executive Officer Joel Bollö Tel. +46 8 739 0270
Email: joel.bollo@msab.com