CMA Final · Corporate and Economic Laws · Insolvency and Bankruptcy Code, 2016
Sections 33 to 54 of the Code (both inclusive), covering liquidation provisions, were notified to come into force from which date?
Sections 33 to 54 came into force on 15th December 2016, under notification S.O. 3687(E) dated 9th December 2016. The 1 December 2016 date applies to a different group, Sections 60 to 70, so it is not the correct choice.
- A15th December 2016Correct
- B1st December 2016
- C1st November 2016
- D1st April 2017
Explanation
The commencement notes state that Ss. 33 to 54 came into force on 15th December 2016 vide notification S.O. 3687(E) dated 9th December 2016. The 1 December 2016 date relates to Ss. 60 to 70, so it is a mistake based on the wrong block of sections.
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