TMI BlogInsertion of new section 240A-Application of this Code to micro, small and medium enterprisesX X X X Extracts X X X X X X X X Extracts X X X X ..... ed, namely:- Application of this Code to micro, small and medium enterprises '240A. (1) Notwithstanding anything to the contrary contained in this Code, the provisions of clauses (c) and (h) of section 29A shall not apply to the resolution applicant in respect of corporate insolvency resolution process of any micro, small and medium enterprises. (2) Subject to sub-section (1), the C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pon by both the Houses, as the case may be. (5) The period of thirty days referred to in sub-section (3) shall not include any period during which the House referred to in sub-section (4) is prorogued or adjourned for more than four consecutive days. (6) Every notification issued under this section shall be laid, as soon as may be after it is issued, before each House of Parliament. Expl ..... X X X X Extracts X X X X X X X X Extracts X X X X
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