Tuesday, December 10, 2019

Govt to protect buyers of cos facing insolvency

The 10-odd amendments set to be moved by finance and corporate affairs minister Nirmala Sitharaman in Parliament will provide that promoters of companies where insolvency action is initiated will have unlimited liability in case of any criminal action, while the corporate entity will be ring-fenced from the action.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2YDFYPD

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