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What are the amendments notified in Companies (Amendment) Act, 2017?
  • a)
    It will ease the implementation of the Insolvency and Bankruptcy Code 2016
  • b)
    It will allow companies to issue shares at a discount to its creditors
  • c)
    It also has the modified provision relating to registered values from undertaking valuation of any assets in which he has a direct or indirect interest.
  • d)
    All the above
  • e)
    1 & 3
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
What are the amendments notified in Companies (Amendment) Act, 2017?a)...
Central Government notified the Companies (Amendment) Act, 2017. Certain provisions of this amendment act will ease the implementation of the Insolvency and Bankruptcy Code 2016.As per Section 53 of the Companies Act, 2013 companies were prohibited to issue shares at a discount. Amendment Act has now allowed companies to issue shares at a discount to its creditors in instances wherein its debt is converted into shares as part of any statutory resolution plan/debt restructuring under Insolvency and Bankruptcy Code. For defaulting companies, payment of managerial remuneration in excess of 11 percent of the net profits will now require approval of all stakeholders involved viz. banks, public financial institutions and other creditors. The amendment has also modified provision relating to registered valuer from undertaking valuation of any assets in which he has a direct or indirect interest.
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What are the amendments notified in Companies (Amendment) Act, 2017?a)It will ease the implementation of the Insolvency and Bankruptcy Code 2016b)It will allow companies to issue shares at a discount to its creditorsc)It also has the modified provision relating to registered values from undertaking valuation of any assets in which he has a direct or indirect interest.d)All the abovee)1 & 3Correct answer is option 'D'. Can you explain this answer?
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What are the amendments notified in Companies (Amendment) Act, 2017?a)It will ease the implementation of the Insolvency and Bankruptcy Code 2016b)It will allow companies to issue shares at a discount to its creditorsc)It also has the modified provision relating to registered values from undertaking valuation of any assets in which he has a direct or indirect interest.d)All the abovee)1 & 3Correct answer is option 'D'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about What are the amendments notified in Companies (Amendment) Act, 2017?a)It will ease the implementation of the Insolvency and Bankruptcy Code 2016b)It will allow companies to issue shares at a discount to its creditorsc)It also has the modified provision relating to registered values from undertaking valuation of any assets in which he has a direct or indirect interest.d)All the abovee)1 & 3Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What are the amendments notified in Companies (Amendment) Act, 2017?a)It will ease the implementation of the Insolvency and Bankruptcy Code 2016b)It will allow companies to issue shares at a discount to its creditorsc)It also has the modified provision relating to registered values from undertaking valuation of any assets in which he has a direct or indirect interest.d)All the abovee)1 & 3Correct answer is option 'D'. Can you explain this answer?.
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