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Incorporation of company

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

CA Inter

1K+

25-Mar-21 11:44

33

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

Moderator

25-Mar-21 11:57

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