Insolvency and Bankruptcy code 2016 : certain provision to come into force w.e.f 19.08.2016

By | August 31, 2016

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.

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