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MCA Notification No.SO.4139(E) Dated 18/11/19 – Notification of the Financial Service Providers under the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019.

MCA Vide Notification No.SO.4139(E) on 18/11/19 notified the financial service providers or categories of financial service providers for the purpose of their insolvency and liquidation proceedings under the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019.

Sr No.

Category of Financial Service Provider

(Rule 2 of the Rules)

Appropriate Regulator

[clause (a) of sub-rule (1) of Rule 3 of the Rules]

Dealing with third-party assets

(Rule 10 of the Rules)

1.

Non-banking finance companies (which include housing finance companies) with asset size of Rs.500 crore or more, as per last audited balance sheet.

Reserve Bank of India

To be notified separately

The said Notification can be accessed through the following link:MCANotif_SO.4139(E)_18112019_Notification of Financial Service Providers

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