Certain provisions of ‘Insolvency and Bankruptcy Code’ from April 1, 2017

By | May 19, 2017
(Last Updated On: May 19, 2017)

SECTION 1 OF THE INSOLVENCY AND BANKRUPTCY CODE, 2016 – ACT – ENFORCEMENT OF – NOTIFIED DATE ON WHICH PROVISIONS OF CLAUSE (a) TO (d) OF SECTION 2 OF SAID CODE SHALL COME INTO FORCE

NOTIFICATION NO. SO 1570(E) [F.NO.30/7/2016-INSOLVENCY SECTION], DATED 15-5-2017

In exercise of the powers conferred by sub-section (3) of section 1 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016) (hereinafter referred to as the ‘Code’), the Central Government hereby appoints the 1st April, 2017 as the date on which the provisions of clause (a) to clause (d) of section 2 of the Code relating to voluntary liquidation or bankruptcy shall come into force*.

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