Insolvency and Bankruptcy Code 2016 certain provisions w.e.f 01.11.2016

By | November 3, 2016
(Last Updated On: November 3, 2016)

MINISTRY OF CORPORATE AFFAIRS

NOTIFICATION

New Delhi, the 1st November, 2016

S.O. 3355(E).—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 1st November, 2016 as the date on which the provisions of the following sections of the said Code shall come into force:–

(1) section 3

(i) clause (2) to clause (4);

(ii) clause (6) to clause (21);

(iii) clause (23) to clause (25);

(iv) clause (27);

(v) clause (29) to clause (36);

(2) section 196;

(3) section 197;

(4) section 223;

(5) sub-section (2) of section 239-

(i) clause (ze) to (zh);

(ii) clause (zl) to (zm);

(6) sub-section (2) of section 240-

(i) clause (a) to (zm);

(ii) clause (zu) to (zzzc);

(7) section 244;

(8) section 246 to section 248 [both inclusive];                              ( section 247)

(9) section 250; and

(10) section 252.

[ F. No. 30/7/2016-Insolvency Section ]

AMARDEEP SINGH BHATIA, Jt. Secy.

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