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    Central Government appoints the 15th of December, 2016 as the date on which the provisions of section 33 to 54 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), shall come into force
    Show AI Summary
    Commencement of insolvency provisions: government appoints an effective date for specified sections of the Insolvency and Bankruptcy Code.
    The Central Government, under sub section (3) of section 1 of the Insolvency and Bankruptcy Code, appoints a calendar date as the day on which sections 33 to 54 of the Code shall come into force, constituting a statutory commencement notification to activate that block of the Code.
    Central Government appoints the 01st of December, 2016 as the date on which the provisions of Various sections of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), shall come into force
    Show AI Summary
    Commencement of Insolvency Code provisions appointed, specified sections brought into force enabling the insolvency framework to operate.
    A ministerial notification under section 1(3) appoints 1 December 2016 as the commencement date for specified provisions of the Insolvency and Bankruptcy Code, 2016. The notification brings clause (a)-(d) of section 2 (except as to voluntary liquidation or bankruptcy), sections 4-32, sections 60-77, section 198, section 231, sections 236-238, and clause (a)-(f) of sub section (2) of section 239 into force on that date.
    Central Government appoints the 15th of November, 2016 as the date on which the provisions of Various sections of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), shall come into force
    Show AI Summary
    Commencement of Insolvency and Bankruptcy Code provisions: specified sections brought into force on 15 November 2016.
    Central Government appoints 15th November 2016 as the commencement date for specified provisions of the Insolvency and Bankruptcy Code, 2016 by notification under section 1(3), listing consecutive blocks of sections, certain clauses and subsections, and several individually enumerated sections to be brought into force on that date, thereby effecting initial implementation of the Code through a ministerial commencement instrument.
    Central Government appoints the 01st of November, 2016 as the date on which the provisions of Various sections of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), shall come into force
    Show AI Summary
    Commencement of Insolvency and Bankruptcy Code provisions: specified sections declared in force, enabling statutory framework for insolvency processes.
    Central Government appoints 1 November 2016 as the commencement date under the Code's empowering provision, bringing into force specified parts of the Insolvency and Bankruptcy Code, 2016 by ministry notification; the instrument lists selected definitional clauses, designated substantive sections, and enumerated sub clauses as operative and records the Ministry of Corporate Affairs file reference and issuing officer.
    Central Government appoints Sh. Madhu Sudan Sahoo, as Chairperson of the Insolvency and Bankruptcy Board of India with effect from 1st October, 2016
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    Appointment of IBBI Chairperson under statutory authority establishes a fixed tenure subject to age limit and administrative terms.
    Central Government appoints Sh. Madhu Sudan Sahoo as Chairperson of the Insolvency and Bankruptcy Board of India under powers conferred by the Insolvency and Bankruptcy Code, effective upon assumption of charge, for a term of five years or until the prescribed age limit of sixty-five years or until further orders, whichever is earlier, communicated by the Ministry of Corporate Affairs notification.
    Central Government appoints 01st October, 2016 as the date of establishment of Insolvency and Bankruptcy Board of India
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    Establishment of Insolvency and Bankruptcy Board under section 188 of the Code appointed effective 1 October 2016.
    The Central Government, exercising powers under sub section (1) and sub section (3) of section 188 of the Insolvency and Bankruptcy Code, appoints 1 October 2016 as the date of establishment of the Insolvency and Bankruptcy Board of India and specifies the Board's head office at New Delhi by official notification.
    Central Government, appoints the ex-officio members of the Insolvency and Bankruptcy Board of India
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    Ex officio appointments to the Insolvency and Bankruptcy Board name four government nominees, effective until further orders.
    Appointments of four ex officio members to the Insolvency and Bankruptcy Board of India: nominees from the Department of Economic Affairs (finance ministry), Ministry of Corporate Affairs, Department of Legal Affairs (law ministry), and the legal department of the central banking institution; each nominated under the statutory nomination clauses and appointed effective until further orders.
    Insolvency and Bankruptcy Board of India (Salary, Allowances and other Terms and Conditions of Service of Chairperson and members) Rules, 2016
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    Remuneration framework for insolvency board members establishes pay options, allowances, leave, travel and post service restrictions.
    Rules set terms for the Chairperson and whole time members of the Insolvency and Bankruptcy Board: eligibility without prejudicial interests, tenure including casual vacancies and a one year post service employment restriction; remuneration by option between parity with senior Central Government pay or a consolidated salary with pension offset where applicable; allowances, leave entitlements and encashment limits; travel, accommodation, contributory pension subscription, no bonus or sitting fees, medical coverage, and referral of residuary matters to the Central Government. Part time members have specified terms, meeting fees and travel allowances, and the Central Government may relax provisions.
    Central Government appoints the 19th August, 2016 as the date on which the provisions of various sections of the Insolvency and Bankruptcy Code, 2016 (31 of 2016) shall come into force
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    Commencement of Insolvency Code provisions: specified sections and clauses brought into force, initiating statutory application under the Code.
    The Central Government appointed 19th August 2016 as the commencement date for specified provisions of the Insolvency and Bankruptcy Code, 2016, bringing particular clauses of section 3 and a set of later sections and subsections (including specified clauses under sections 239 and 240) into force by formal ministerial notification under section 1(3).
    Central Government appoints the 5th of August, 2016 as the date on which the provisions of sections 188 to 194 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), shall come into force
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    Commencement of sections 188 to 194 of the Insolvency and Bankruptcy Code brings those provisions into force on notified date.
    The Central Government, under the proviso to sub section (3) of section 1 of the Insolvency and Bankruptcy Code, 2016, notifies a date as the day on which sections 188 to 194 of the Code shall come into force, thereby commencing those provisions by statutory notification.

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