https://www.taxtmi.com/news?id=23858 324 companies filed for bankruptcy over three years while IBC application volumes each year were substantially higher, revealing a gap between applications and company level bankruptcy counts. Under the Companies Act, companies must hold AGMs within six months and file financial statements and board reports containing CSR disclosures to the MCA registry within 30 days of the AGM; CSR mandated companies had not completed those filings for the current financial year. en-us Tue, 16 Mar 2021 17:39:32 +0530 Tue, 16 Mar 2021 17:39:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23858 324 companies filed for bankruptcy over three years while IBC application volumes each year were substantially higher, revealing a gap between applications and company level bankruptcy counts. Under the Companies Act, companies must hold AGMs within six months and file financial statements and board reports containing CSR disclosures to the MCA registry within 30 days of the AGM; CSR mandated companies had not completed those filings for the current financial year. News - Tue, 16 Mar 2021 17:39:32 +0530 https://www.taxtmi.com/news?id=23858