Bare Act Search Results

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

Title: Enforceability of netting

State: Central

Year: 2020

Matched in: Title Enforceability of netting

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 netting shall be determined in accordance with the terms of

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

Title: Invocation of close-out netting

State: Central

Year: 2020

Matched in: Title Invocation of close-out netting

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

Title: Definitions

State: Central

Year: 2020

(2 of 1934); and (ii) any other bank as the Reserve Bank of India may specify; (e) "close-out netting" means a process involving termination of obligations under a qualified financial contract with a party in default and

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

State: Central

Year: 2020

commencement Section2 - Definitions Section3 - Applicability of Act Section4 - Powers of authority Section5 - Enforceability of netting Section6 - Invocation of close-out netting Section7 - Net amount Section8 - Limitations on powers of administration practitioner

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

Title: Limitations on powers of administration practitioner

State: Central

Year: 2020

any transfer, substitution or exchange of cash, collateral or any other interests under or in connection with a netting agreement between the insolvent party and the non-insolvent party to a qualified financial contract; or (b) any payment

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 force on such date1 as the Central

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

Title: Applicability of Act

State: Central

Year: 2020

a qualified financial contract entered into on a bilateral basis between qualified financial market participants, either under a netting agreement or otherwise, where at least one of such participants shall be an entity regulated by an authority

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 by it, as qualified financial contract: Provided that the contract, so designated under this clause, shall...

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, add to or otherwise amend the First Schedule or the Second Schedule and thereupon, the First...