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MCA Notification No. GSR.852(E) Dated 15/11/19 – Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019.

MCA Vide Notification No. GSR.852(E) on 15/11/19 issued Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019:-

Rule 1- Short title and commencement

Rule 2- Application

Rule 3- Definitions

Rule 4- General modifications

Rule 5- Corporate Insolvency Resolution Process of financial service providers

  • Initiation of Corporate Insolvency Resolution Process
  • Moratorium
  • Advisory Committee
  • Resolution Plan

Rule 6- Filing of application and application fee

Rule 7- Liquidation Process

Rule 8- Voluntary Liquidation Process

Rule 9- Insolvency Professional

Rule 10- Assets of third parties, etc

The said Notification can be accessed through the following link:MCANotif_GSR.852(E)_15112019_Insolvency Bankruptcy for Financial Service Providers

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