The Ministry of Corporate Affairs vide notification dated 2nd August, 2023 has issued the Companies (Incorporation) Second Amendment Rules, 2023. The Rules has revised Form No.RD-1 to be used by companies for filing application to Central Government (Regional Director) for approval of Compromises, Arrangements, Amalgamations and conversions.
Winding up bankrupt companies: new process
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This regulation mandates that, after securing approval from the Committee of Creditors (CoC) with at least 66% of the votes, the Resolution Professional (RP) must
