When was the Insolvency and Bankruptcy Board of India set up?

April 1, 2016

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July 1, 2016

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October 1, 2016

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June 1, 2016

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None of these

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Solution

The correct option is C
October 1, 2016

The Insolvency and Bankruptcy Board of India was established on October 1, 2016, in accordance with the provisions of the Insolvency and Bankruptcy Code, 2016.

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Similar questions

Q. Q. Which of the following is correct regarding Insolvency and bankruptcy code, 2016?

Q. धनशोधन और दिवालियापन संहिता 2016 (इंस्लोवेन्सी एंड बैंकरप्सी कोड, 2016) के संबंध में निम्नलिखित में से कौन सा सही है?

Ram and Shyam are partners with a capital of Rs 1,00,000 and Rs 1,60,000 on January 1, 2016 respectively. Ram introduced additional capital of Rs 30,000 on July 1, 2016 and another Rs 20,000 on October 31, 2016. Calculate interest on capital for Ram for Financial Year ending December 2016. The rate of interest is 9% p.a.

Q10. Consider the following statements regarding the Insolvency and Bankruptcy Code, 2016.

i. The Code outlines separate insolvency resolution processes for individuals, companies and partnership firms.

ii. The process has to be initiated by the debtor only.

iii. Insolvency and Bankruptcy Board of India was established to oversee the insolvency proceedings in the country and regulate the entities registered under it.

Which of the following is false?

$i . {(1)}^{2016} > {(1)}^{2014}$

$i i . {(1)}^{2016} > {(0)}^{2016}$

$i i i . {(1)}^{2016} > {(- 1)}^{2016}$

$i v . {(- 1)}^{2014} > {(- 1)}^{2015}$

Which of the following are false?

$i . {(1)}^{2016} > {(1)}^{2014}$

$i i . {(1)}^{2016} > {(0)}^{2016}$

$i i i . {(1)}^{2016} > {(- 1)}^{2016}$

$i v . {(- 1)}^{2014} > {(- 1)}^{2015}$

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When was the Insolvency and Bankruptcy Board of India set up?

The correct option is C October 1, 2016 The Insolvency and Bankruptcy Board of India was established on October 1, 2016, in accordance with the provisions of the Insolvency and Bankruptcy Code, 2016.

The correct option is C
October 1, 2016

The Insolvency and Bankruptcy Board of India was established on October 1, 2016, in accordance with the provisions of the Insolvency and Bankruptcy Code, 2016.