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Rule 12AA: Prescribed person for the purposes of clause (c) and clause (cd) of section 140

The Income-tax Rules, 1962Central Act · 1962

[Prescribed person for the purposes of clause (c) and clause (cd) of section 140.

For the purpose of clause (c) or clause (cd), as the case may be, of section 140, any other person shall be the person, appointed by the Adjudicating Authority for discharging the duties and functions of an interim resolution professional, a resolution professional, or a liquidator, as the case may be, under the Insolvency and Bankruptcy Code, 2016 (31 of 2016) and the rules and regulations made thereunder.

Explanation.—For the purposes of this rule, "Adjudicating Authority" shall have the same meaning as assigned to it in clause (1) of section 5 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016).]

Where this provision sits

ActThe Income-tax Rules, 1962
Rule12AA
Marginal notePrescribed person for the purposes of clause (c) and clause (cd) of section 140
JurisdictionCentral
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • inserted. Inserted by the IT (Twenty-fourth Amdt.) Rules, 2021, w.e.f. 18-8-2021.

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