TMI BlogAmendment of section 79X X X X Extracts X X X X X X X X Extracts X X X X ..... any where a change in the shareholding takes place in a previous year pursuant to a resolution plan approved under the Insolvency and Bankruptcy Code, 2016 (31 of 2016), after affording a reasonable opportunity of being heard to the jurisdictional Principal Commissioner or Commissioner. . - Clause 22 of the Bill seeks to amend section 79 [as substitued by section 32 of the Finance Act, 2017] ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... osed to amend the aforesaid section to provide that nothing contained in the said section shall apply to a company where a change in the shareholding takes place in a previous year pursuant to approved resolution plan under the Insolvency and Bankruptcy Code, 2016, after affording a reasonable opportunity of being heard to the jurisdictional Principal Commissioner or Commissioner. This amendmen ..... X X X X Extracts X X X X X X X X Extracts X X X X
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