The Insolvency and Bankruptcy Code, 2016

Agreement void where both parties are under mistake as to matter of fact Where both the parties to an agreement are under a mistake as to a matter of fact essential to the agreement, the agreementis void.Explanation.—An erroneous opinion as to the value of the thing which forms the subject-matter ofthe agreement, is not to […]

Acts for The Purposes of Clause (d) of section 29A (1) The Foreign Trade (Development and Regulation) Act, 1922 (22 of 1922); (2) The Reserve Bank of India Act, 1934 (2 of 1934); (3) The Central Excise Act, 1944 (1 of 1944); (4) The Prevention of Food Adulteration Act, 1954 (37 of 1954); (5) The

Amendment to The Companies Act, 2013 1. In section 2, – (a) for clause (23), the following clause shall be substituted, namely: – “(23) “Company Liquidator”, means a person appointed by the Tribunal as the Company Liquidator in accordance with the provisions of section 275 for the winding up of a company under this Act”; (b)

Amendment to The Limited Liability Partnership Act, 2008 In section 64, Clause (c) shall be omitted. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company Annual

Amendment to Payment and Settlement Systems Act, 2007 1. In section 23, in sub-section (4), (5) and (6), after the words and figures “the Banking Regulation Act, 1949 (10 of 1949)” “the Companies Act, 2013 (18 of 2013)”, the words and figures “or the Insolvency and Bankruptcy Code, 2016” shall be inserted. 2. In section 23A, in sub-section (3), after the words and figures “the Companies Act,

Amendment to Sick Industrial Companies (Special Provisions) Repeal Act, 2003 In section 4, for sub-clause (b), the following sub-clause shall be substituted, namely— “ (b) On such date as may be notified by the Central Government in this behalf, any appeal preferred to the Appellate Authority or any reference made or inquiry pending to or before the Board or any

Amendment to The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 In section 13, in sub-section (9), for the words “In the case of’, the words and figures “Subject to the provisions of the Insolvency and Bankruptcy Code, 2016, in the case of’ shall be substituted.

Amendment to The Finance Act, 1994 (32 of 1994) In section 88, for the words and figures “and the Securitisation and Reconstruction of Financial Assets and the Enforcement of Security Interest Act, 2002 (54 of 2002)”, the words and figures “the Securitisation and Reconstruction of Financial Assets and the Enforcement of Security Interest Act, 2002 and the Insolvency and

Amendment to Recovery of Debts Due to Banks and Financial Institutions Act, 1993 1. In the long title, after the words “financial institutions”, the words “, insolvency resolution and bankruptcy of individuals and partnership firms” shall be inserted, namely: -. 2. In section 1, – (a) in sub-section (1), for the words “Due to Banks and Financial Institutions” the words “and Bankruptcy” shall be substituted; (b) in

Amendment to The Customs Act, 1962 (52 of 1962) 1. In section 142A, for the words and figures “and the Securitisation and Reconstruction of Financial Assets and the Enforcement of Security Interest Act, 2002 (54 of 2002)”, the words and figures “the Securitisation and Reconstruction of Financial Assets and the Enforcement of Security Interest Act, 2002 and the Insolvency