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The Bilateral Netting of Qualified Financial Contracts Act, 2020 Section 2
Title: Definitions
State: Central
Year: 2020
any law for the time being in force, against a qualified financial market participant; (b) "administration practitioner" means the liquidator, receiver,
View Complete Act List Judgments citing this sectionThe Bilateral Netting of Qualified Financial Contracts Act, 2020 Section 6
Title: Invocation of close-out netting
State: Central
Year: 2020
given by one party to the other party of a qualified financial contract upon the occurrence of an event of default
View Complete Act List Judgments citing this sectionThe 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
View Complete Act List Judgments citing this sectionBrief the judgments behind these acts
The Bilateral Netting of Qualified Financial Contracts Act, 2020 Section 4
Title: Powers of authority
State: Central
Year: 2020
or transaction, or type of contract regulated by it, as qualified financial contract: Provided that the contract, so designated under this
View Complete Act List Judgments citing this sectionThe 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
View Complete Act List Judgments citing this sectionThe 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
View Complete Act List Judgments citing this sectionThe 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
View Complete Act List Judgments citing this sectionThe Bilateral Netting of Qualified Financial Contracts Act, 2020 Section 8
Title: Limitations on powers of administration practitioner
State: Central
Year: 2020
between the insolvent party and the non-insolvent party to a qualified financial contract; or (b) any payment or delivery obligation incurred
View Complete Act List Judgments citing this sectionThe 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,...
View Complete Act List Judgments citing this sectionThe Bilateral Netting of Qualified Financial Contracts Act, 2020 Section 10
Title: Provisions of this Act to override other laws
State: Central
Year: 2020
The provisions of this Act shall have effect, notwithstanding anything inconsistent therewith contained in any other law for the time...
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