TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Penalties for Corporate Debtor Officers Making False Representations Under Section 73 of Insolvency and Bankruptcy Code 2016</h1> Section 73 of the Insolvency and Bankruptcy Code, 2016, outlines penalties for officers of a corporate debtor who make false representations or commit fraud to obtain creditor consent during insolvency or liquidation processes. If such actions occur on or after the insolvency commencement date, or prior to it, the officer faces imprisonment from three to five years, a fine ranging from one lakh to one crore rupees, or both. This provision has been effective since December 1, 2016.
TaxTMI 
TaxTMI 
