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Corporate & Other Laws

What is the answer and why? ð?¤?

saumya A

CA Final

★ 30

23-Sep-21 21:13

558

Answers (2)

Answer : (b) Reason: IBC doesn't apply to corporates in the financial sector. Sec 3(7) defines "corporate person" on which the IBC applies. It excludes Financial Service providers (Eg: Banks, Insurance Companies, financial institutes, etc

CA YOGITA HARJANI

Faculty

24-Sep-21 11:33

CA YOGITA HARJANI Faculty

Thanks.

Thread Starter

saumya A

CA Final

★ 30

24-Sep-21 11:36

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