Rule-making power under insolvency law expands to cover additional conditions and requirements for resolution processes. The amendment expands the rule-making power under section 240 of the principal Act by inserting additional delegated subjects into sub-section (2). It authorises rules on other conditions under clause (h) of sub-section (2) of section 25 and other requirements under sub-section (4) of section 30, thereby bringing those matters within the regulatory framework.
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Rule-making power under insolvency law expands to cover additional conditions and requirements for resolution processes.
The amendment expands the rule-making power under section 240 of the principal Act by inserting additional delegated subjects into sub-section (2). It authorises rules on other conditions under clause (h) of sub-section (2) of section 25 and other requirements under sub-section (4) of section 30, thereby bringing those matters within the regulatory framework.
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