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The Bilateral Netting of Qualified Financial Contracts Act, 2020

11 sections · 5 chapters · 2 schedules

- Section 1 Short title and commencement.
- Section 2 Definitions.
- Section 6 Invocation of close-out netting.
- Section 7 Net amount.
- Section 8 Limitations on powers of administration practitioner.
Schedule 1 THE FIRST SCHEDULE
Schedule 2 THE SECOND SCHEDULE

The Bilateral Netting of Qualified Financial Contracts Act, 2020

General2020Central Act

The Bilateral Netting of Qualified Financial Contracts Act, 2020

An Act to ensure financial stability and promote competitiveness in Indian financial markets by providing enforceability of bilateral netting of qualified financial contracts and for matters connected therewith or incidental thereto.

Administered by Department of Economic Affairs· Ministry of Finance

5

Chapters

0

Parts

2

Schedules

11

Sections

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Chapter I— PRELIMINARY

Section 1
Section 2

Chapter II— APPLICATION OF ACT

Section 3
Section 4
Section 5

Chapter III— INVOCATION OF CLOSE-OUT NETTING

Section 6
Section 7

Chapter IV— LIMITATIONS ON POWERS OF ADMINISTRATION PRACTITIONER

Section 8

Chapter V— MISCELLANEOUS

Section 9
Section 10
Section 11