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of <h1>2020 Amendment Act updates Section 29A of the Insolvency and Bankruptcy Code, expanding transactions considered in insolvency.</h1> Section 29A of the Insolvency and Bankruptcy Code has been amended by the 2020 Amendment Act. In clause (c) and clause (j), within the second proviso of Explanation I, the phrase 'or completion of such transactions as may be prescribed' is added after 'convertible into equity shares.' This amendment allows for additional transactions, as prescribed, to be considered alongside equity share conversions within the context of insolvency proceedings.
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