SECTION 1 OF THE INSOLVENCY AND BANKRUPTCY CODE, 2016 – ACT – ENFORCEMENT OF – NOTIFIED DATE ON WHICH PROVISIONS OF SPECIFIED SECTIONS OF SAID CODE SHALL COME INTO FORCE
NOTIFICATION NO. SO 2746(E) [F.NO.30/8/2016-INSOLVENCY SECTION], DATED 19-8-2016
In exercise of the powers conferred by sub-section (3) of section 1 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Central Government hereby appoints the 19th August, 2016 as the date on which the provisions of following sections of the said Code shall come into force:—
| (1) | section 3 — |
| (i) | clause (1); | |
| (ii) | clause (5); | |
| (iii) | clause (22); | |
| (iv) | clause (26); | |
| (v) | clause (28); | |
| (vi) | clause (37); |
| (2) | section 221; | |
| (3) | section 222; | |
| (4) | section 225; | |
| (5) | section 226; | |
| (6) | section 230; | |
| (7) | section 232; | |
| (8) | section 233; | |
| (9) | sub-section (1) and clause (zd) of sub-section (2) of section 239; | |
| (10) | sub-section (1) and clause (zt) of sub-section (2) of section 240; | |
| (11) | section 241; and | |
| (12) | section 242. |