CMA Final · Corporate and Economic Laws · Insolvency and Bankruptcy Code, 2016
Per the notes to Section 1 of the Code, which of the following correctly describes when Sections 55 to 58 (both inclusive) were brought into force?
Sections 55 to 58 of the Code came into force on 14th June 2017 under notification S.O. 1910(E). Other dates such as 1 April 2017 apply to different provisions like Section 59 and Sections 209 to 215.
- A14th June 2017Correct
- B15th November 2016
- C1st April 2017
- D1st May 2018
Explanation
The commencement notification lists Ss. 55 to 58 as brought into force on 14th June 2017 by notification S.O. 1910(E). The 1 April 2017 date relates to S. 59 and Ss. 209 to 215, and 1 May 2018 relates to Ss. 227 to 229, so those are wrong.
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