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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
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
Moderator
25-Mar-21 11:57
