Sections 188 to 194 of Insolvency and Bankruptcy Code 2016 Comes into force w.e.f 5.08.2016.

By | August 8, 2016

Insolvency and Bankruptcy Code 2016



New Delhi, the 5th August, 2016

S.O.2618(E).—In exercise of the powers conferred by the proviso to sub-section (3) of section 1 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Central Government hereby appoints the 5th of August, 2016 as the date on which the provisions of sections 188 to 194 (both inclusive) of the said Code shall come into force.

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


Editorial Note : Relevant Sections of Insolvency and Bankruptcy Code 2016

Section 188 Establishment and incorporation of Board.

Section 189 Constitution of Board.

Section 190 Removal of member from office.

Section 191 Powers of Chairperson.

Section 192 Meetings of Board.

Section 193 Member not to participate in meetings in certain cases.

Section 194 Vacancies, etc., not to invalidate proceedings of Board, Officers and employees of Board

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