New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which of the following enactments has not been amended

    as part of the Insolvency  and Bankruptcy Code, 2016?
    A The Limitation Act, 1963 Correct Answer Incorrect Answer
    B The Customs Act, 1962 Correct Answer Incorrect Answer
    C The Indian Partnership Act, 1932 Correct Answer Incorrect Answer
    D The Recovery of Debts due to Banks and Financial Institutions Act, 1993 Correct Answer Incorrect Answer

    Solution

    Acts repealed by the IBC are: - Presidency Towns Insolvency Act, 1909 Provincial Insolvency Act, 1920 IBC led to the amendment of 11 Legislations: - The Indian Partnership Act, 1932 The Central Excise Act, 1944  The Income-tax Act, 1961 The Finance Act, 1994 The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 The Sick Industrial Companies (Special Provisions) Repeal Act, 2003 The Payment and Settlement Systems Act, 2007 The Limited Liability Partnership Act, 2008 The Companies Act, 2013

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