Central · Act 31 of 2016

Section 2 — Application.

The Insolvency and Bankruptcy Code, 2016.

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STATUTORY TEXT
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The provisions of this Code shall apply to--

(a) any company incorporated under the Companies Act, 2013 (18 of 2013) or under any previous company law;

(b) any other company governed by any special Act for the time being in force, except in so far as the said provisions are inconsistent with the provisions of such special Act;

(c) any Limited Liability Partnership incorporated under the Limited Liability Partnership Act, 2008 (6 of 2009);

(d) such other body incorporated under any law for the time being in force, as the Central Government may, by notification, specify in this behalf; 1***

2[(e) personal guarantors to corporate debtors;

(f) partnership firms and proprietorship firms; and

(g) individuals, other than persons referred to in clause (e),]

Source footnotes

1. The word "and" omitted by Act 8 of 2018, s. 2 (w.e.f. 23-11-2017).

2. Subs. by s. 2, ibid., for clause (e) (w.e.f. 23-11-2017).

Source and version

India Code, Government of India. Text fetched 09 Oct 2026. Source metadata reports last modification: 2024-07-25. Check the linked official text and subsequent notifications when applying a provision.

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