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MCA Notifies Sections of Insolvency & Bankruptcy Code, 2016 w.e.f. 1st Nov 2016

MINISTRY OF CORPORATE AFFAIRS | Notification| dated 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];

(9) section 250; and

(10) section 252.

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