Question
Identify the correct statement about Insolvency and
Bankruptcy Code. 1.   It became operational in 2015 2.   It was constituted to provide better governance in banking sector 3.   It is being implemented by Finance MinistrySolution
A Bankruptcy Law Reforms Committee was set up in 2014 for providing an entrepreneur friendly legal bankruptcy framework for meeting global standards for improving the ease of doing business with necessary judicial capacity. Accordingly, the Insolvency and Bankruptcy Code (IBC), 2016, became operational in 2016. The Code aims to promote entrepreneurship, availability of credit, and balance the interests of all the stakeholders by consolidating and amending the laws relating to reorganisation and insolvency resolution of corporate persons, partnership firms and individuals. It is being implemented by ministry of corporate affairs.
Who is responsible for auditing the accounts of the Central Authority under the Consumer Protection Act?
A private person can also arrest any person who is:
What is the period of Limitation for suit filed to collect arrears of rent?
Indescent and scandalous questions are discussed under which section of the Indian Evidence Act, 1872?
Who are not competent to Contract as per the Contract Act?
What action can the Board take if it finds that a person has violated or is likely to violate any provisions of the SEBI Act, or any rules or regulation...
Under the Protection of Women from Domestic Violence Act, 2005, who can file a complaint of domestic violence?
In order to apply the doctrine of Res-Judicata, which of the following is “former suit”?
The application made for the initiation of the CIRP to the Adjudicating Authority should be accepted or rejected by the Authority within__________________
Under the Indian Trusts Act, 1882, a “trust” is primarily created for which of the following purposes?Â
