REGD. NO. D. L.-33004/99

THE GAZETTE OF INDIA

EXTRAORDINARY

PART II—Section 3—Sub-section (ii)

PUBLISHED BY AUTHORITY

NEW DELHI, FRIDAY, MAY 5, 2017/VAISAKHA 15, 1939

MINISTRY OF FINANCE

(Department of Financial Services)

ORDER

New Delhi, the 5th May, 2017

S.O. 1435(E).-In exercise of the powers conferred by Section 35AA of the Banking Regulation Act, 1949 (10 of 1949), the Central Government hereby authorises the Reserve Bank of India to issue such directions to any banking company or banking companies which may be considered necessary to initiate insolvency resolution process in respect of a default, under the provisions of the Insolvency and Bankruptcy Code, 2016.

[F. No. 7/32/2017 –BOA (pt.)]

MOHAMMAD MUSTAFA, Jt. Secy.

More Under Fema / RBI

Leave a Comment

Your email address will not be published. Required fields are marked *

Search Posts by Date

June 2021
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
282930