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India Today
|June 01, 2020
The government has eased the regulatory burden to allow corporate India to focus on business revival
Rs 1 LAKH -The old default limit for initiating insolvency proceedings
Rs 1 CRORE - The new default limit for initiating insolvency proceedings
AS PART OF THE STIMULUS, finance minister Nirmala Sitharaman announced a number of reforms aimed at easing the business environment. These include changes in the trigger for insolvency proceedings and decriminalising provisions of the Companies Act.
THE REFORMS
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