Amendment to Schedule –V of the CA 2013

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....f 2013), the Central Government hereby makes the following amendments to amend Schedule V of the said Act, namely:- 2. In Schedule V of the Companies Act, 2013,- (1) in PART l, under title "APPOINTMENTS", (a) in para (a) after the item (xvi), the following items shall be inserted namely:- "(xvii) the Insolvency and Bankruptcy Code, 2016 (31 of 2016) (xviii) the Goods and....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ause (ii), the following shall be substituted, namely:- "(ii) the company has not committed any default in payment of dues to any bank or public financial institution or non-convertible debenture holders or any other secured creditor, and in case of default, the prior approval of the bank or public financial institution concerned or the non-convertible debenture holders or other secured c....