Manag., July-2016-Q43
- Option : C
- Explanation : Board of Industrial and Financial Reconstruction (BIFR) was set up in January 1987 under the Sick Industrial Companies (Special Provision Act 1985) in order to revive potentially viable companies. The decision of BIFR is final as it has it's binding an all concerned, from 15th May 1987 the Board became operational. In December 1991 public sector enterprises were brought within the purview of BIFR through an amendment of the SICA.
