Skip to content

CS Professional · Insolvency and Bankruptcy - Law and Practice · Introduction to Insolvency and Bankruptcy Code

The Board wishes to prescribe model bye-laws for agencies. Which of the following is a matter on which the model bye-laws may provide, and which of the stated features must apply to enrolment requirements?

The model bye-laws may cover requirements for enrolment, and these must be non-discriminatory, meaning no discrimination on grounds of religion, caste, gender, place of birth and other specified grounds. Section 196(2)(c) says so. Civil court powers belong to the Board, not the agency.

  1. AThe enrolment requirements, which must be non-discriminatory, meaning lack of discrimination on grounds such as religion, caste, gender or place of birthCorrect
  2. BThe enrolment requirements, which must give preference to residents of the State where the agency is located
  3. CThe registration of information utilities, which must be done through the agency's governing board
  4. DThe power to summon witnesses on oath, which the agency exercises like a civil court

Explanation

Section 196(2)(c) allows model bye-laws on enrolment requirements, which must be non-discriminatory, defined as lack of discrimination on religion, caste, gender, place of birth and other specified grounds. Residence preference would be discriminatory. Civil court powers are given to the Board under section 196(3), and information utility registration is a Board function.

Did you get it right without looking?

One question tells you little. A timed set on Introduction to Insolvency and Bankruptcy Code shows your real accuracy, how long you take and where you lose marks.

Practise Introduction to Insolvency and Bankruptcy CodeFree diagnostic mock

More Introduction to Insolvency and Bankruptcy Code questions