Bankruptcy resolutions expected to soar after Budget spells relief for RPs
Advertisement

Bankruptcy resolutions expected to soar after Budget spells relief for RPs

By Beena Parmar

  • 03 Feb 2023
Premium
Bankruptcy resolutions expected to soar after Budget spells relief for RPs
Credit: Thinkstock

Liquidators in India, who are entrusted with winding up bankrupt companies, will no longer be prosecuted for failing to comply with income tax (IT) regulations. They will only have to meet provisions under the insolvency law, since the government has decriminalized liquidators from meeting select provisions under the IT Act. The ......

This is a Premium article. Please subscribe or log in to read the full story!

Here's a selection of our recent premium content.

Already a member? Click here to log in.
Advertisement
Advertisement
Google News Icon

Google News

Follow VCCircle on Google News for the latest updates on Business and Startup News