Bye-law 23, Insolvency and Bankruptcy Board of India (Manner of Application of The conduct of insolvency resolution) Bye-laws, 2023 [SAY-Q3R]
As at 7 September 2026. In force from 5 March 2023.
Refusal of registration.—Where the Registrar of Companies is not satisfied that an application made in Form ADT-1 is complete or that the fee of five hundred rupees has been paid, it shall record its reasons in writing, shall communicate the order of refusal to the applicant in Form PAS-3 within forty-five days of the order together with a statement of the grounds on which it is made, and shall return with the order every document furnished with the application; and the applicant may make a fresh application at any time after one hundred and twenty days from the communication.
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