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Reopening and Recasting of Books of Accounts – IL&FS Case Study

November 23, 2019[2019] 111 taxmann.com 398 (Article)
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IL&FS burst, the Central Government have swiftly moved against IL&FS and its subsidiary and filed application to Hon’ble Tribunal under section 241-242, initiated action under section 211-212 through SFIO and The Registrar of Companies, RBI, SEBI were also seen in action in order to unearth the irregularities.
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