Home India Ministry of Finance In exercise of the powers conferred by sub section 2 of sect...
Date: 2016-11-04 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by sub section 2 of section 1 of the Enforcement of Security Interest and Recovery of Debts Laws

Issued by Ministry of Finance · Department of Financial Services

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Executive Summary & Key Takeaways

**Policy Summary:** This notification, S.O. 3395(E), issued by the Ministry of Finance, Department of Financial Services, Government of India, formally announces the commencement date for specific provisions within the Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions Amendment Act, 2016 (Act 44 of 2016). Effective November 4, 2016, the following sections of the aforementioned Act came into force: Section 4 (xiii), Section 7, and Section 32. This notification is authorized under subsection 2 of section 1 of the Act. The issuing authority is Anandrao V. Patil, Joint Secretary. The F. No. reference for this notification is 352016-DRT.

Key Entities Referenced

Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions Amendment Act, 2016: A law amended by the Central Government Ministry of Finance: The ministry issuing the notification. Department of Financial Services: The department within the Ministry of Finance issuing the notification. New Delhi: Location of the notification issuance, New Delhi, Delhi Central Government: The governing body appointing the date for the Act's provisions to come into force. Anandrao V. Patil: Joint Secretary, signatory of the notification. Section 1: Section of Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions Amendment Act, 2016 Section 4: Section of Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions Amendment Act, 2016
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jftLVªh laö Mhö ,yö&33004@99 REGD. NO. D. L.-33004/99 vlk/kj.k EXTRAORDINARY Hkkx II—[k.M 3—mi&[k.M (ii) PART II—Section 3—Sub-section (ii) izkf/dkj ls izdkf'kr PUBLISHED BY AUTHORITY la- 2640] ubZ fnYyh] 'kqØokj] uoEcj 4] 2016@dk£rd 13] 1938 No. 2640] NEW DELHI, FRIDAY, NOVEMBER 4, 2016/KARTIKA 13, 1938 िव(cid:7275) मं(cid:7074)ालय (िव(cid:7275)ीय सवे ाए ंिवभाग) अिधसूचना नई (cid:7408)द(cid:7016) ली, 4 नव(cid:7013)ब र, 2016 का.आ. 3395(अ).—क(cid:7286)(cid:7076)ीय सरकार, (cid:7079)ितभूित िहत का (cid:7079)वत(cid:6981)न तथा ऋण वसूली िविध और (cid:7079)क(cid:7409)ण(cid:6981) उपबंध (संशोधन) अिधिनयम, 2016 (2016 का 44) क(cid:7409) धारा 1 क(cid:7409) उप धारा (2) (cid:7367)ारा (cid:7079)द(cid:7004) त शि(cid:7334)य(cid:7298) का (cid:7079)योग करते (cid:7263)ए, 04 नव(cid:7013)ब र, 2016 को वह तारीख िनयत करती ह,ै िजस तारीख को उ(cid:6989) त अिधिनयम के िन(cid:7013)न िलिखत उपबंध (cid:7079)व(cid:7004)ृ त ह(cid:7298)गे, अथा(cid:6981)त् :— (cid:7059). सं. धाराए ं 1 धारा 4(xiii); 2 धारा 7; और 3 धारा 32. [फा. सं. 3/5/2016-डीआरटी] आनंदराव िव. पाटील, संयु(cid:6989)त सिचव MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 4th November, 2016 S.O. 3395(E).—In exercise of the powers conferred by sub-section (2) of section 1 of the Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act, 2016 (44 of 2016), the Central Government hereby appoints the 4th day of November, 2016 as the date on which the following provisions of the said Act shall come into force, namely:— Sl. No Sections 1 Section 4 (xiii); 2 Section 7; and 3 Section 32. [F. No. 3/5/2016 - DRT] ANANDRAO V. PATIL, Jt. Secy. 5169 GI/2016 Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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