^ 'The Bankruptcy Code for India – A step to ease 'Doing Business'?'.^ 'Insolvency and Bankruptcy Code' (PDF).^ 'Lok Sabha passes bill to fast track debt recovery', The Economic Times, 2 August 2016.
The Insolvency and Bankruptcy Code, 2016Īn Act to consolidate and amend the laws relating to reorganisation and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for maximisation of value of assets of such persons, to promote entrepreneurship, availability of credit and balance the interests of all the stakeholders including alteration in the order of priority of payment of Government dues and to establish an Insolvency and Bankruptcy Board of India, and for matters connected therewith or incidental thereto. Ofwono & Anor v African Cable Networks Ltd (HCT-00-CV-CI-0025-2015) 2016 UGHCCD 21 (25 April 2016) ULII is a member of the global Free Access to Law Movement and of the African LII community. Hence, effectively, all companies will now have to operate under the Companies Act 2016 framework. The entire Companies Act 2016 will come into operation except for the sections on: (1) the company secretary’s registration with the Registrar of Companies and (2) the corporate rescue mechanisms.
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