In last post, we discussed sick companies. Now, we will discuss revival and rehabilitation.
SCHEME OF REVIVAL AND REHABILITATION (SECTION 261):
The company administrator shall prepare or cause to be prepared a scheme of revival and rehabilitation of the sick company after considering the draft scheme filed along with the application under Section 254.
Posted in Chapter XIX -CA2013, Companies Act 2013
Tagged committee of creditors, Companies Act 2013, Companies Bill 2012, Company Administrator, CorpGov, CorpLaw, Corporate Governance, Corporate Law, India, Interim Administrator, Legal Reforms, Ministry of corporate affairs, Reforms, Revival and Rehabilitation, Scheme of Revival and Rehabilitation, Sick company, The Rehabilitation and Insolvency Fund, Winding Up
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