Notification under section 55 of the IBC
Notification under section 55(2) of the Insolvency & Bankruptcy Code (IBC), 2016.
S.O. 4142(E).—In exercise of the powers conferred by sub-section (2) of section 55 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Central Government hereby makes the following amendment in the notification of the Government of India, in the Ministry of Corporate Affairs, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), vide S.O. 1911(E), dated the 14th June, 2017, namely:-
In the said notification, for clause (b), the following clause shall be substituted, namely:-
“(b) a Startup (other than the partnership firm) as defined in the notification of the Government of India in the Ministry of Commerce and Industry number G.S.R. 127(E), dated the 19th February, 2019, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), dated the 19th February, 2019 and as amended from time to time; or”.
Note : The Principal Notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), vide S.O. 1911(E), dated the 14th June, 2017.
Also Read:
- MCA Updated E-form DIR-3-KYC and web-form DIR-3-KYC-WEB
- These rules may be called Companies (Acceptance of Deposits) Amendment Rules, 2022
