alleryStart learning →A Tribunal sanctions an arrangement only after the auditor certifies the
ADividend history of years
BNumber of equity holders
CClosing cash balance held
DAccounting treatment proposed
Answer & Solution
Correct answer: D. Accounting treatment proposed
The proviso to Section 230(7) bars sanction without an auditor's certificate on the proposed accounting treatment.
Keep practising Internal Reconstruction Sections
Browse all Internal Reconstruction Sections questions for CA Inter, or explore more Accounting topics.
Related questions
In accounting, share capital equals the nominal value ofIn debt restructuring, obligations are typically spread overMalaysia's scheme of arrangement provision is in which section of its 2016 Act?UK schemes of arrangement are found in which Part of the Companies Act 2006?Canada's plan of arrangement: section 192 of which Act?Australian schemes of arrangement are located in which Act?A court-approved agreement between a company and its shareholders or creditors is aProvision for dissenting members under a merger order is made by the