Section 11 of Bilateral Netting of Qualified Financial Contracts Act, 2020: Power to remove difficulties

The Bilateral Netting of Qualified Financial Contracts Act, 2020

Chapter-V Miscellaneous

Section 11: Power to remove difficulties.

11. (1) If any difficulty arises in giving effect to the provisions of this Act, the Central Government may, by order, published in the Official Gazette, make such provisions not inconsistent with the provisions of this Act as may appear to it to be necessary or expedient for removing the difficulty:

Provided that no order shall be made after the expiry of a period of three years from the date of commencement of this Act.

(2) Every order made under this section shall be laid, as soon as may be after it is made, before each House of Parliament.


 


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