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Govt. notifies provisions relating to Annual report, power of Govt. to notify financial service providers under IBC

May 4, 2018
The Government has appointed May 01, 2018 as the date on which provisions of section 227 to 229 of the Insolvency and Bankrupcty Code, 2016 shall come into force. The provisions include power of Government to notify financial service providers, Duty of IBBI to prepare its Budget, Obligation on IBBI to prepare Annual report giving full account of activities during the previous year and submit the copy to Central Government revised.
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