Question
Which of the following statements best describes the
relationship between the Micro, Small, and Medium Enterprises Development (MSMED) Act, 2006 , and the Insolvency and Bankruptcy Code (IBC), 2016 in relation to MSMEs?Solution
The MSMED Act, 2006 focuses on the promotion and development of MSMEs in India by providing a legal framework for their growth, facilitating access to finance, and ensuring easier registration. In contrast, the Insolvency and Bankruptcy Code (IBC), 2016 provides a detailed insolvency resolution process for firms, including MSMEs. Section 240A of the IBC specifically offers MSMEs a special protection in the insolvency process, providing them with a different resolution approach as compared to other companies. The MSMED Act facilitates growth, while the IBC addresses insolvency concerns with provisions specially designed for MSMEs, balancing protection and debt resolution.
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Only Riot are Racism.
Some Riot are Culture.
All Culture are Tradition.
Conclusion:
I. All Riot are Tradi...
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A few gifts are surprises.
Every surprise is cake.
None of the cakes are balloons.
Conclusions:
I. A few ...
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No teacher is a subject.
No subject is a book.
All scales are books.
Conclusions:
I. No teacher is...
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Only a few year is month
Mostly month is day
Conclusions :
I. All year can be month
II. Few day is year
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All medals are trophies.
No trophy is a shield.
Some shield are prizes.
Conclusion:
I. ...
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Read all the conclusions and then decide which of the given conclusions logically follows from the given statements disregarding commonly known facts.�...
