CURRENT AFFAIRS

2020

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Who amended Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016?

A	IBBI
B	IDBI
C	RBI
D	SEBI

Explanation:

Detailed explanation-1: -IBBI amends Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 and Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017.

Detailed explanation-2: -The Board consists of the following members who are appointed by the Central Government: A Chairperson. Three members from among the officers of the Central Government equivalent or not below the rank of a Joint Secretary.

Detailed explanation-3: -VL regulations have been amended vide Notification dated 16th September, 2022 to allow only 90 days for completion of voluntary liquidation of companies where there are no creditors.

There is 1 question to complete.