Can a COC be formed with less than 10 FC, if not then what if a company has less than 10 FC, how would a COC be formed in such a case.
Yes, COC can be formed with less than 10 FCs. As per provisions under IBC, the committee of creditors shall comprise all financial creditors of the corporate debtor. So, if company have less than 10 FC, COC can be formed with less than 10 FC.
by Shubhamm Sir
at 15-Dec-2022 12:59 AM