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REVIVAL & REHABILITATION, AND WINDING UP - Proposed Amendments in the Companies Act, 2013

News and Press Release - Dated:- 2-2-2016 - 29.1 As part of its mandate, the CLC also considered the recommendations made in the Interim Report of the Bankruptcy Law Reforms Committee (BLRC) that had suggested amendments to Chapters XIX (Revival and .....

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, recommending a Bankruptcy Code for India. Based on the recommendations of the BLRC, the Government has recently introduced a Bill in the Lok Sabha, titled as the Insolvency and Bankruptcy Code, 2015. The Code proposes to repeal all provisions of Ch .....

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er the Code. Consequently, the CLC does not recommend any other changes in the Act for this purpose. 29.2 The Committee noted that the provisions relating to winding of a company on grounds other than insolvency have been retained in the Companies Ac .....

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