Taxcharcha
Company LawLatest

Increasing threshold of default under section 4 of IBC, 2016

by Team Taxcharcha0993
MCA

The Central Government has specified the limit of Rs. 1 Crore as the minimum amount of default for the purpose of Section 4 of IBC, 2016.

To download the notification, click here Notification 28032020

section 4 of IBC 2016
section 4 of IBC 2016

Related posts

The exemption of Rs. 50 lakh in s. 194-IA(2) is applicable w.r.t. the amount related to each transferee and not with reference to the amount as per sale deed. Each transferee is a separate income tax entity and the law has to be applied with reference to each transferee as an individual transferee / person – ITAT Delhi

Team Taxcharcha

Cost Inflation Index for FY 2022-23

Team Taxcharcha

CBIC notifies AADHAR authentication for various purposes, insertion of Sub Rule (1A) to Rule 89

Team Taxcharcha