Section – 253, Insolvency and Bankruptcy Code, 2016 ( Notified by S.O. 3453(E) Dated 15.11.2016 ) Amendments of Act 51 of 2007. 253. The Payment and Settlement Systems Act, 2007 shall be amended in the manner specified in the Ninth Schedule.
Section – 251, Insolvency and Bankruptcy Code, 2016 ( Notified by S.O. 3453(E) Dated 15.11.2016 ) Amendments of Act 54 of 2002. 251. The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 shall be amended in the manner specified in the Seventh Schedule.
Eleventh Schedule, Insolvency and Bankruptcy Code, 2016 THE ELEVENTH SCHEDULE (See section 255) AMENDMENTS TO THE COMPANIES ACT, 2013 (18 OF 2013) 1. In section 2,— (a) for clause (23), the following clause shall be substituted, namely: — “(23) “Company Liquidator” means a person appointed by the Tribunal as the Company Liquidator in accordance with… Read More »
Tenth Schedule, Insolvency and Bankruptcy Code, 2016 THE TENTH SCHEDULE (See section 254) AMENDMENT TO THE LIMITED LIABILITY PARTNERSHIP ACT, 2008 (6 OF 2009) In section 64, clause (c) shall be omitted.
Ninth Schedule, Insolvency and Bankruptcy Code, 2016 THE NINTH SCHEDULE (See section 253) AMENDMENT TO PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007 (51 OF 2007) 1. In section 23, in sub-sections (4), (5) and (6), after the words and figures “the Banking Regulation Act, 1949” “the Companies Act, 2013”, the words and figures “or the Insolvency… Read More »
Seventh Schedule, Insolvency and Bankruptcy Code, 2016 THE SEVENTH SCHEDULE (See section 251) AMENDMENT TO THE SECURITIZATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 (54 OF 2002) In section 13, in sub-section (9), for the words “In the case of”, the words and figures “Subject to the provisions of the… Read More »
Section 220 of Insolvency and Bankruptcy Code 2016 (Notified S.O. 3453(E) Dated 15.11.2016) Appointment of disciplinary committee. 220. (1) The Board shall constitute a disciplinary committee to consider the reports of the investigating Authority submitted under sub-section (6) of section 218: Provided that the members of the disciplinary committee shall consist of whole-time members of the… Read More »
Section 219 of Insolvency and Bankruptcy Code 2016 (Notified S.O. 3453(E) Dated 15.11.2016) Show cause notice to insolvency professional agency or its member or information utility. 219. The Board may, upon completion of an inspection or investigation under section 218, issue a show cause notice to such insolvency professional agency or insolvency professional or information… Read More »
Section 218 of Insolvency and Bankruptcy Code 2016 (Notified S.O. 3453(E) Dated 15.11.2016) Investigation of insolvency professional agency or its member or information utility. 218. (1) Where the Board, on receipt of a complaint under section 217 or has reasonable grounds to believe that any insolvency professional agency or insolvency professional or an information utility… Read More »
Section 217 of Insolvency and Bankruptcy Code 2016 (Notified S.O. 3453(E) Dated 15.11.2016) CHAPTER VI INSPECTION AND INVESTIGATION Complaints against insolvency professional agency or its member or information utility. 217. Any person aggrieved by the functioning of an insolvency professional agency or insolvency professional or an information utility may file a complaint to the Board… Read More »