TMI BlogShort title and commencement.X X X X Extracts X X X X X X X X Extracts X X X X ..... F 2021 Promulgated by the President in the Seventy-second Year of the Republic of India. An Ordinance further to amend the Insolvency and Bankruptcy Code, 2016. WHEREAS COVID-19 pandemic has impacted businesses, financial markets and economies all over the world, including India, and has impacted the business operations of micro, small and medium enterprises and exposed many of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... my as they contribute significantly to its gross domestic product and provide employment to a sizeable population; AND WHEREAS it is considered necessary to urgently address the specific requirements of micro, small and medium enterprises relating to the resolution of their insolvency, due to the unique nature of their businesses and simpler corporate structures; AND WHEREAS it is considered ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ers conferred by clause (1) of article 123 of the Constitution, the President is pleased to promulgate the following Ordinance: - Short title and commencement. 1 . (1) This Ordinance may be called the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021. (2) It shall come into force at once. - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulatio ..... X X X X Extracts X X X X X X X X Extracts X X X X
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