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Application for initiating pre-packaged insolvency resolution process may be made against the corporate debtor, who commits a default as laid down u/s 4 relating to default amount, classified as a micro, small or medium enterprise under section 7(1) of the Micro, Small and Medium Enterprises Development Act, 2006 • Conditions for initiating pre-packaged insolvency resolution process are: • it has not undergone pre-packaged insolvency resolution process or completed corporate insolvency resolution process, as the case may be, during the period of 3 years preceding the initiation date; • it is not undergoing a corporate insolvency resolution process; • no order requiring it to be liquidated is passed under section 33; • it is eligible to submit a resolution plan under section 29A • financial creditors of the corporate debtor, not being its related parties, representing not less than 66% in value of the financial debt due to such creditors, should proposed the name of the insolvency professional to be appointed as resolution professional for conducting the pre-packaged insolvency resolution process have approved such proposal in such form as may be specified
Company XYZ has purchased a new machinery to expand its production capacity. This purchase of Fixed Asset will _________
From the below Ind AS 2 is not applicable in which of the following cases?
If a government grant is received but later becomes refundable, how should it be accounted?
When the total of debit and credit are equal, it represents
As per AS 10 (Revised) ‘Property, Plant and Equipment’, an enterprise holding investment properties should value Investment property:
This kind of audit is conducted generally between two annual audit ______.
ICDS II deals with which of the following aspect?
An interface that communicates with other tiers in a three-tier architecture structure is known as ________.
When a customer deposits a check into their bank account, what type of transaction is taking place?
What was a key issue related to regulatory challenges in the Indian telecom industry?