Section List

Act Number: 30

Act Name: The Bilateral Netting of Qualified Financial Contracts Act, 2020

Year: 2020

Enactment Date: 2020-09-28

Long Title: An Act to ensure financial stability and promote competitiveness in Indian financial markets by providing enforceability of bilateral netting of qualified financial contracts and for matters connected therewith or incidental thereto.

Ministry: Ministry of Finance

Department: Department of Economic Affairs

Section NumberTitleActions
1Short title and commencement.
2Definitions.
3Applicability of Act.
4Powers of authority.
5Enforceability of netting.
6Invocation of close-out netting.
7Net amount.
8Limitations on powers of administration practitioner.
9Power to amend Schedules.
10Provisions of this Act to override other laws.
11Power to remove difficulties.
Scroll to Top