Section 240A
Application of this Code to micro, small and medium enterprises.
240A. Application of this Code to micro, small and medium enterprises.
Rules and regulations to be laid before Parliament.
Power to remove difficulties.
Repeal of certain enactments and savings.
Transitional provisions.
Amendments of Act 9 of 1932.
Amendments of Act 1 of 1944.
Amendments of Act 43 of 1961.
Amendments of Act 52 of 1962.
PART V
MISCELLANEOUS
SECTIONS
Amendments of Act 51 of 1993.
Amendments of Act 32 of 1994.
Amendments of Act 54 of 2002.
Amendments of Act 1 of 2004.
Amendments of Act 51 of 2007.
Amendments of Act 6 of 2009.
Amendments of Act 18 of 2013.
THE FIRST SCHEDULE.
THE SECOND SCHEDULE.
THE THIRD SCHEDULE.
THE FOURTH SCHEDULE.
THE FIFTH SCHEDULE.
THE SIXTH SCHEDULE.
THE SEVENTH SCHEDULE.
THE EIGHTH SCHEDULE.
THE NINTH SCHEDULE.
THE TENTH SCHEDULE.
THE ELEVENTH SCHEDULE.
THE INSOLVENCY AND BANKRUPTCY CODE, 2016
ACT NO. 31 OF 2016
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[28th May, 2016.]
An Act to consolidate and amend the laws relating to reorganisation and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for maximisation of value of assets of such persons, to promote entrepreneurship, availability of credit and balance the interests of all the stakeholders including alteration in the order of priority of payment of Government dues and to establish an Insolvency and Bankruptcy Board of India, and for matters connected therewith or incidental thereto.
BE it enacted by Parliament in the Sixty-seventh Year of the Republic of India as follows:—
PART I
PRELIMINARY
Short title, extent and commencement.—(1) This Code may be called the Insolvency and Bankruptcy Code, 2016.
(2) It extends to the whole of India:
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It shall come into force on such date 2 as the Central Government may, by notification in the Official Gazette, appoint:
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