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Dear Students, Please take a note of the below mentioned Points which are to be
rectified in this book. Before you start reading/studying from this book, it is
advisable to 1st take a note of all these points.
1. IBC, 2016
Page No. 1.7 In point (a) – Application by Financial Creditor,
AA shall communicate in either ways to FC within 14 days of receipt of application
Above limits specified under items (A) and (B) of this section shall apply, if-
(i) Remuneration has been approved Board’s resolution or by Nomination and
Remuneration Committee (if any);
(ii) the company has not committed any default in repayment of any of its debts & in
case of a default, the company obtains prior approval from secured creditors;
(iii) an OR or SR has been passed etc.
Page No. 5.15 In Summary Table,
In Part II, Section I, II, III, IV is mentioned.
Pls add Section V also (Remuneration payable to a managerial person in 2 companies)