Bare Act Search Results

The Bilateral Netting of Qualified Financial Contracts Act, 2020 Section 5

Title: Enforceability of netting

State: Central

Year: 2020

(1) Netting of the qualified financial contract shall be enforceable--- (a) where such contract is entered into with a netting...

The Bilateral Netting of Qualified Financial Contracts Act, 2020 Section 6

Title: Invocation of close-out netting

State: Central

Year: 2020

(1) Close-out netting may be commenced by a notice given by one party to the other party of a qualified...

The Bilateral Netting of Qualified Financial Contracts Act, 2020 Section 7

Title: Net amount

State: Central

Year: 2020

(1) Where parties to the qualified financial contract enter into a netting agreement, the net amount payable under the close-out...

The Bilateral Netting of Qualified Financial Contracts Act, 2020 Section 2

Title: Definitions

State: Central

Year: 2020

(1) In this Act, unless the context otherwise requires,-- (a) "administration" means proceedings of the nature of placing under administration...

The Bilateral Netting of Qualified Financial Contracts Act, 2020 Complete Act

State: Central

Year: 2020

Section1 - Short title and commencement Section2 - Definitions Section3 - Applicability of Act Section4 - Powers of authority Section5...

The Bilateral Netting of Qualified Financial Contracts Act, 2020 Section 8

Title: Limitations on powers of administration practitioner

State: Central

Year: 2020

The administration practitioner shall not render or seek to render ineffective,-- (a) any transfer, substitution or exchange of cash, collateral...

The Bilateral Netting of Qualified Financial Contracts Act, 2020 Section 1

Title: Short title and commencement

State: Central

Year: 2020

(1) This Act may be called the Bilateral Netting of Qualified Financial Contracts Act, 2020. (2) It shall come into...

The Bilateral Netting of Qualified Financial Contracts Act, 2020 Section 3

Title: Applicability of Act

State: Central

Year: 2020

The provisions of this Act shall apply to a qualified financial contract entered into on a bilateral basis between qualified...

The Bilateral Netting of Qualified Financial Contracts Act, 2020 Section 4

Title: Powers of authority

State: Central

Year: 2020

The relevant authority may, by notification,-- (a) designate any bilateral agreement or contract or transaction, or type of contract regulated...

The Bilateral Netting of Qualified Financial Contracts Act, 2020 Section 9

Title: Power to amend Schedules

State: Central

Year: 2020

(1) If the Central Government is satisfied that it is necessary or expedient so to do, it may, by notification,...