Current Affairs - Economy - Discussion

Discussion Forum : Economy - Latest Current Affairs (Q.No. 1221)
1221.
SEBI amended its 'Takeover Code' under which law?
Prevention of Money Laundering Act
Foreign Exchange Management Act
Negotiable Instruments Act
Insolvency and Bankruptcy Code
Answer: Option
Explanation:
SEBI amended its 'Takeover Code' to remove capital infusion hurdles in companies with approved resolution plans under the Insolvency and Bankruptcy Code (IBC). The SEBI move is expected to smoothen the implementation of successful resolution plans. The 'Takeover Code' barred acquirers of shares in a company from entering into any transaction.
Discussion:
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