The IBBI has notified the Insolvency and Bankruptcy Code (Second Amendment) Act, 2018 which replaces the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018, which among other things provided relief to home buyers and promoters of MSMEs. The new law allows promoters of MSMEs to bid for their companies during the insolvency process. Through the new law, the Government has revised various provisions.
Recent Posts
- Extension in the due dates for conducting Board Meetings through Video Conference/OAVM for restricted items
- Clarification on passing of ordinary and special resolution(s)
- Applicability of CARO deferred
- Amendment in Companies (Compromises, Arrangements and Amalgamations) Second Amendment Rules, 2020
- Amendment in Companies (Appointment and Qualification of Directors) Fifth Amendment Rules, 2020
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