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        F. Acts / Amendment Acts

        Section 160 - Amendment of Act 51 of 1993.

        Finance Act, 2021
        Part IX
        AMENDMENT TO THE RECOVERY OF DEBTS DUE TO BANKS AND FINANCIAL INSTITUTIONS ACT, 1993

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        Inclusion of pooled investment vehicles expands coverage under debt recovery law to such entities under the Recovery of Debts Act. The Recovery of Debts Due to Banks and Financial Institutions Act, 1993 is amended to insert the words 'or a pooled investment vehicle as defined in clause (da) of section 2 of the Securities Contracts (Regulation) Act, 1956' into section 2, clause (g), thereby including pooled investment vehicles within the scope of that clause, with effect from the first day of April, 2021.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Inclusion of pooled investment vehicles expands coverage under debt recovery law to such entities under the Recovery of Debts Act.

                                The Recovery of Debts Due to Banks and Financial Institutions Act, 1993 is amended to insert the words "or a pooled investment vehicle as defined in clause (da) of section 2 of the Securities Contracts (Regulation) Act, 1956" into section 2, clause (g), thereby including pooled investment vehicles within the scope of that clause, with effect from the first day of April, 2021.


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