Section 59 of IBC Explained | Voluntary Liquidation of Corporate Person скачать в хорошем качестве

Section 59 of IBC Explained | Voluntary Liquidation of Corporate Person

In this video, Amit Tekriwal (A. Tekriwal & Co., Chartered Accountants) explains Section 59 of the Insolvency and Bankruptcy Code, 2016 (IBC), which deals with the Voluntary Liquidation of Corporate Persons. This session discusses the legal framework that allows a solvent company to voluntarily liquidate its affairs when it has no outstanding debts or is able to pay its liabilities in full. Key points covered: • Meaning and scope of Voluntary Liquidation under Section 59 • Conditions required before initiating voluntary liquidation • Declaration of solvency by directors • Approval by shareholders and creditors • Appointment and role of the Liquidator • Filing requirements with Insolvency and Bankruptcy Board of India (IBBI) • Final report and application to the Adjudicating Authority (NCLT) for dissolution This discussion is useful for: • Chartered Accountants • Insolvency Professionals • Company Secretaries • CMA / Law students • Professionals dealing with corporate restructuring and liquidation matters About the Channel A. Tekriwal & Co. – Chartered Accountants This channel shares professional knowledge sessions and discussions on GST, Income Tax, Corporate Law, Audit, FEMA, and Insolvency & Bankruptcy Code. Connect With Us LinkedIn:   / atekriwalandco   Facebook:   / atekriwalandco   #IBC #Section59 #VoluntaryLiquidation #InsolvencyLaw #CorporateLaw #ATekriwalAndCo #ProfessionalLearning #InsolvencyProfessional