When is a company declared as a sick unit by BIFR and under revival declared as REVIVED?
What are the parameters to confirm the same?
Menu
Revived unit
Replies (1)
Provisions relating to corporate sickness have been completely changed very recently. BIFR has since been dissolved and now Insolvency & Bankruptcy Board of India has become operational under The Insolvency & Bankruptcy Code 2016. Under the code any creditor for Rs.1 lac or more may send notice to the defaulting company and in case of default National Company Law Tribunal can initiate process for its winding up. For details you may refer the following link:
https://ibbi.gov.in/index.H T M L
Recent Topics :
- Free CA Foundation Study Material - PYQs with Sugg
- INCOME TAX
- Moving from old to new tax regime after notice
- Need urgent help on notice
- ITR-3 - F&O Loss adjusted against business inc
- Error - Blank Rows in Schedule SI (ITR-2)
- Dividend from co-operative society
- SECTION 139(10) OF THE COMPANIES ACT, 2013 CASE
- TDS u/s.194C returns filed in ITR-1
- TDS on Property - Form 26QB Related
Related Topics :
CAclubindia
