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The Bilateral Netting of Qualified Financial Contracts Act, 2020

[Act No. 30 of 2020]

[28th September, 2020.]

Contents
Title The Bilateral Netting of Qualified Financial Contracts Act, 2020
Sections Particulars
Chapter I Preliminary
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 Schedules
Schedule I [See Sections 2(1) (C), (P) and 9(1)]
Schedule II [See Sections 6(4) and 9(1)]


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