Insertion of new section 240A-Application of this Code to micro, small and medium enterprises

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Full Text of the Document

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....mely:- Application of this Code to micro, small and medium enterprises '240A. (1) Notwithstanding anything to the contrary contained in this Code, the provisions of clauses (c) and (h) of section 29A shall not apply to the resolution applicant in respect of corporate insolvency resolution process of any micro, small and medium enterprises. (2) Subject to sub-section (1), the Central G....