Bilateral Netting of Qualified Financial Contracts Act, 2020
Bare Act · 2020
An Act to ensure financial stability and promote competitiveness in Indian financial markets by providing enforceability of bilateral netting of qualified financial contracts and for matters connected therewith or incidental thereto.
- Act number
- 30 of 2020
- Enacted
- 28 September 2020
- Contents
- 11 sections · 4 chapters
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Contents
Chapter I — Preliminary
Chapter II — Application Of Act
- Section 3 – Applicability of Act
- Section 4 – Powers of authority
- Section 5 – Enforceability of netting
Chapter III — Invocation Of Close-Out Netting
- Section 6 – Invocation of close-out netting (preview)
- Section 7 – Net amount (preview)
- Section 8 – Limitations on powers of administration practitioner (preview)