46 Sections of NBFID Act 2021 with effect from 19th day of April,2021

Last updated: 19 April 2021

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The Ministry of Finance has announced that 46 sections of the National Bank for Financing Infrastructure and Development Act, 2021, will come into force from April 19, 2021. This notification specifies the exact sections that are now active, enabling the implementation of the Act's provisions. These sections cover various aspects of the National Bank for Financing Infrastructure and Development.

MINISTRY OF FINANCE
(Department of Financial Services)
NOTIFICATION
New Delhi, the 16th April, 2021

S.O. 1657(E). - In exercise of the powers conferred by sub-section (3) of section 1 of the National Bank for Financing Infrastructure and Development Act, 2021 (17 of 2021), the Central Government hereby appoints the 19th day of April, 2021, as the date on which the following provisions of the said Act shall come into force:–

(1) section 2;
(2) sub-sections (1), (2) and (4) of section 3;
(3) section 4;
(4) section 5;
(5) section 6;
(6) section 7;
(7) section 8;
(8) section 9;
(9) section 10;
(10) section 11;
(11) section 12;
(12) section 13;
(13) section 14;
(14) sub-section (3) of section 15;
(15) section 16;
(16) section 17;
(17) section 18;
(18) section 19;
(19) section 20;
(20) section 21;
(21) section 22;
(22) section 23;
(23) section 25;
(24) section 26;
(25) section 27;
(26) section 28;
(27) section 29;
(28) section 30;
(29) section 31;
(30) section 32;
(31) section 33;
(32) section 34;
(33) section 35;
(34) section 36;
(35) section 37;
(36) section 38;
(37) section 39;
(38) section 40;
(39) section 41;
(40) section 42;
(41) section 43;
(42) section 44;
(43) section 45;
(44) section 46;
(45) section 47;
(46) section 48.

[F. No.15/10/2021-IF-I]
LALIT KUMAR, Economic Adviser

FAQ :

The specified sections of the NBFID Act 2021 came into effect on the 19th day of April, 2021.

The Ministry of Finance (Department of Financial Services) issued this notification.

A total of 46 sections of the NBFID Act 2021 are effective from April 19, 2021.

The reference number for this notification is F. No.15/10/2021-IF-I.

These sections were brought into force by exercising the powers conferred by sub-section (3) of section 1 of the National Bank for Financing Infrastructure and Development Act, 2021.

Notification No : F. No.15/10/2021-IF-I
Source : http://egazette.nic.in/WriteReadData/2021/226679.pdf

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