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Incorporation of company

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Explain whether the fund will be transferred to insolvency and bankruptcy fund of government or it will be transferred to insolvency and bankruptcy fund of registered company under this section

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GOKULA LAKSHMI

GOKULA LAKSHMI

CFA L1

20K+

25-Mar-21 11:44

335

Answers (1)

It's the fund formed by Government under Section 224 of the Code. Central Government will appoint an administrator to administer this fund.


Sahibdeep Singh

Sahibdeep Singh

CA Inter

14K+

25-Mar-21 11:57

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