Question
Under Section 19(22A), a recovery certificate issued by
the Presiding Officer is deemed to be a decree or order of a court for which of the following purposes?Solution
Section 19(22A), inserted by the 2016 Amendment, provides that any recovery certificate issued by the Presiding Officer under Section 19(22) shall be deemed to be a decree or order of the Court for purposes of: (i) initiation of winding up proceedings against a company registered under the Companies Act, 2013; (ii) winding up of a Limited Liability Partnership registered under the LLP Act, 2008; or (iii) insolvency proceedings against any individual or partnership firm under any law in force. This provision significantly strengthens the enforcement machinery - a DRT recovery certificate can directly trigger insolvency/winding-up proceedings without a fresh court suit.
Quarantine measures to prevent the spread of insect pests typically involve which actions?
In which vegetable is malic acid commonly present, contributing to its sour taste?
Inner and outer membrane of chloroplast together are called ____
To prevent decay and extend shelf life, sweet potatoes are usually cured for 10 days under which specific temperature and humidity conditions?
Uttarakhand CM recently launched the A-HELP' (Accredited Agent for Health and Expansion of Livestock Production) program in the state.Which am...
What will be the cropping intensity of maize + urdbean - wheat rotation on 2 ha area?
Law of Demand shows a relationship between the quantity demanded of a commodity to its unit
The genetic purity of the seed is tested by:
ICAR – Central Institute of Agriculture Engineering is located at
Which of the following statements is/are true?
Statement A: Sand and silt materials transported by wind are called as loess and aeolian
