Bilateral Netting Qualified Financial Contracts Act, 2020

Sections (35)

Chapter I. PRELIMINARY

Chapter II. RESERVE BANK

Chapter III. OFFENCES AND PENALTIES

Chapter IV. MISCELLANEOUS

Section 1. Short title, extent and commencement [S29-V3G]

Section 2. Definitions [S29-V4Y]

Section 3. Appointment of Reserve Bank [S29-V5W]

Section 4. Registration of financials institution [S29-V6T]

Section 5. Prohibition of the enforcement of security interest without licence [S29-V7R]

Section 6. Grant of licence [S29-V86]

Section 7. Maintenance of records and furnishing of returns [S29-V94]

Section 8. Powers of authorised officer [S29-VA2]

Section 9. Power to issue directions [S29-VB0]

Section 10. Power to exempt [S29-VCE]

Section 11. Registration of bankings company [S29-VDC]

Section 12. Prohibition of the borrowing of money without licence [S29-VEA]

Section 13. Grant of licence [S29-VF8]

Section 14. Maintenance of records and furnishing of returns [S29-VGK]

Section 15. Powers of authorised officer [S29-VHH]

Section 16. Power to issue directions [S29-VJQ]

Section 17. Power to exempt [S29-VKN]

Section 18. Registration of depositors [S29-VMV]

Section 19. Prohibition of the business of a financial institution without licence [S29-VNS]

Section 20. Grant of licence [S29-VPZ]

Section 21. Maintenance of records and furnishing of returns [S29-VQX]

Section 22. Powers of authorised officer [S29-VR3]

Section 23. Power to issue directions [S29-VS1]

Section 24. Power to exempt [S29-VT7]

Section 25. Registration of secureds creditor [S29-VV5]

Section 26. Prohibition of the business of banking without licence [S29-VWB]

Section 27. Grant of licence [S29-VX9]

Section 28. Maintenance of records and furnishing of returns [S29-VYF]

Section 29. Penalty for contravention [S29-VZD]

Section 30. Offences by companies [S29-W0A]

Section 31. Appeal [S29-W18]

Section 32. Cognizance of offences [S29-W2E]

Section 33. Protection of action taken in good faith [S29-W3C]

Section 34. Power to make rules [S29-W42]

Section 35. Power to remove difficulties [S29-W50]

Made under

No recital of a power is printed.

Acted on by (4)

Exempts: Notification S.O. 1860(E), dated 20th March, 2023, 20 March 2023. "section 4 of the said Act". Synthetic demonstration target.

Exempts: Notification S.O. 1380(E), dated 6th April, 2022, 6 April 2022. "section 4 of the said Act". Synthetic demonstration target.

Exempts: Notification S.O. 466(E), dated 27th January, 2025, 27 January 2025. "section 4 of the said Act". Synthetic demonstration target.

Corresponds to: Bilateral Netting Qualified Financial Contracts (Amendment) Bill, 2024, 8 March 2024. Synthetic demonstration target.

Not held (1)

"section 3 of the Reserve Bank of India Act, 1934"