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of <h1>Rules under Insolvency and Bankruptcy Code 2016 require parliamentary approval within 30 days; amendments affect future actions only.</h1> Every rule and regulation made under the Insolvency and Bankruptcy Code, 2016, must be presented before both Houses of Parliament within thirty days while in session. This period can be within one session or across multiple sessions. If both Houses agree to modify or annul a rule or regulation before the end of the session following its presentation, the rule or regulation will only be effective in its modified form or cease to have effect. Any changes or annulments will not affect the validity of actions previously taken under the original rule or regulation.
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