Section 195:
Power to designate financial sector regulator.
Until the Board is established, the Central
Government may by notification, designate any financial sector regulator to exercise the powers and
functions of the Board under this Code.
31/2016 - The Insolvency and Bankruptcy Code, 2016. ▶
Act Number: 31
Act Name: The Insolvency and Bankruptcy Code, 2016.
Year: 2016
Enactment Date: 2016-05-28
Long Title: 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.
Ministry: Ministry of Corporate Affairs
Department: