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The Tax Publishers Notification Notification S.O. 464 (E) [F.No. 30/01/2020-INSOLVENCY], dt.30-01-2020 Manner of Dealing with Third Party Assets in Custody or Possession of Notified Financial Service Providers by Administrator In exercise of the powers conferred by section 227 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016) and in pursuance of rule 10 of the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019, the Central Government, in consultation with the Reserve Bank of India, hereby notifies the manner of dealing with the third party assets in custody or possession of such financial service providers, as referred to in the notification vide No. S.O. 4139(E), dt. 18-11-2019, by the Administrator appointed under clause (a) of rule 5 of the said rules, as under: SUBSCRIBE FOR FULL CONTENT

The Tax Publishers

Notification

Notification S.O. 464 (E) [F.No. 30/01/2020-INSOLVENCY], dt.30-01-2020

Manner of Dealing with Third Party Assets in Custody or Possession of Notified Financial Service Providers by Administrator

In exercise of the powers conferred by section 227 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016) and in pursuance of rule 10 of the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019, the Central Government, in consultation with the Reserve Bank of India, hereby notifies the manner of dealing with the third party assets in custody or possession of such financial service providers, as referred to in the notification vide No. S.O. 4139(E), dt. 18-11-2019, by the Administrator appointed under clause (a) of rule 5 of the said rules, as under: