Extent and commencement of the CODE [ Section 1 ]

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..... ement on 28th May 2016. However the Central Government appointment different date different provisions of this Code and any reference in any such provisions to the commencement of this code shall be construed as a reference to the commencement of that provisions. [ section 1(3) ] The Central Government Vide it Notification No. S.O. 21618(E) dated 5th August 2016 the Central Government hereby appoi .....

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..... ct behind the enactment of the code The object behind the enactment of the Code lie in its preamble, which provides that it is an Act- To consolidated and Amend the laws relating to Reorganisation and Insolvency Resolution of Corporate persons, Partnership firms and Individuals In a time bound manner for maximization of assets of such persons to Promote entrepreneurship Availability of credit card .....

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