The Bilateral Netting of Qualified Financial Contracts Act, 2020

CourtMinistry of Finance
Coming into Force28 Sep 2020
Enactment Date28 Sep 2020
Record Number202030
Act Number30
1
THE BILATERAL NETTING OF QUALIFIED FINANCIAL
CONTRACTS ACT, 2020
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ARRANGEMENT OF SECTIONS
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CHAPTER I
PRELIMINARY
SECTIONS
1. Short title and commencement.
2. Definitions. CHAPTER II
APPLICATION OF ACT
3. Applicability of Act.
4. Powers of authority.
5. Enforceability of netting. CHAPTER III
INVOCATION OF CLOSE-OUT NETTING
6. Invocation of close-out netting.
7. Net amount. CHAPTER IV
LIMITATIONS ON POWERS OF ADMINISTRATION PRACTITIONER
8. Limitations on powers of administration practitioner.
CHAPTER V
MISCELLANEOUS
9. Power to amend Schedules.
10. Provisions of this Act to override other laws.
11. Power to remove difficulties.
THE FIRST SCHEDULE.
THE SECOND SCHEDULE.

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