Bye-law 29, Insolvency and Bankruptcy Board of India (Appeals of The carrying on of business by a company) Bye-laws, 2024 [SFN-MD0]
As at 7 September 2026. In force from 12 October 2024.
Refusal of registration.—Where the Central Government is not satisfied that an application made in Form INC-1 is complete or that the fee of ten thousand rupees has been paid, it shall record its reasons in writing, shall communicate the order of refusal to the applicant in Form DIR-12 within seven 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 ninety days from the communication.
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