239. (1) The Central Government may, by notification, make rules for
carrying out the provisions of this Code.
(2) Without prejudice to the generality of the provisions of sub-section
(1), the Central Government may make rules for any of the following matters,
namely:-
(a) any other instrument which shall be a financial product under clause
(15) of section 3;
(b) other accounting standards which shall be a financial debt under clause
(d) of sub-section (8) of section 5;
(c) the form, the manner and the fee for making application before the
Adjudicating Authority for initiating corporate insolvency resolution
process by financial creditor under sub-section (2) of section 7;
(d) the form and manner in which demand notice may be made and the manner of
delivery thereof to the corporate debtor under sub-section (1) of section 8;
(e) the form, the manner and the fee for making application before the
Adjudicating Authority for initiating corporate insolvency resolution
process by operational creditor under sub-section (2) of section 9;
(f) the form, the manner and the fee for making application before the
Adjudicating Authority for initiating corporate insolvency resolution
process by corporate applicant under sub-section (2) of section 10;
(g) the persons who shall be relative under clause (ii) of the Explanation
to sub-section (1) of section 79;
(h) the value of unencumbered single dwelling unit owned by the debtor under
clause (e) of sub-section (13) of section 79;
(i) the value under clause (c), and any other debt under clause (f), of
sub-section (14) of section 79;
(j) the form, the manner and the fee for making application for fresh start
order under sub-section (3) of section 81;
(k) the particulars of the debtor's personal details under clause (e) of
sub-section (3) of section 81;
(l) the information and documents to support application under sub-section
(3) of section 86;
(m) the form, the manner and the fee for making application for initiating
the insolvency resolution process by the debtor under sub-section (6) of
section 94;
(n) the form, the manner and the fee for making application for initiating
the insolvency resolution process by the creditor under sub-section (6) of
section 95;
(o) the particulars to be provided by the creditor to the resolution
professional under sub-section (2) of section 103;
(p) the form and the manner for making application for bankruptcy by the
debtor under clause (b) of sub-section (1) of section 122;
(q) the form and the manner of the statement of affairs of the debtor under
sub-section (3) of section 122;
(r) the other information under clause (d) of sub-section (1) of section
123;
(s) the form, the manner and the fee for making application for bankruptcy
under sub-section (6) of section 123;
(t) the form and the manner in which statement of financial position shall
be submitted under sub-section (2) of section 129;
(u) the matters and the details which shall be included in the public notice
under sub-section (2) of section 130;
(v) the matters and the details which shall be included in the notice to the
creditors under sub-section (3) of section 130;
(w) the manner of sending details of the claims to the bankruptcy trustee
and other information under sub-sections (1) and (2) of section 131;
(x) the value of financial or commercial transaction under clause (d) of
sub-section (1) of section 141;
(y) the other things to be done by a bankrupt to assist bankruptcy trustee
in carrying out his functions under clause (d) of sub-section (1) of section
150;
(z) the manner of dealing with the surplus under sub-section (4) of section
170;
(za) the form and the manner of proof of debt under clause (c) of
sub-section (2) of section 171;
(zb) the manner of receiving dividends under sub-section (7) of section 171;
(zc) the particulars which the notice shall contain under sub-section (2) of
section 176;
(zd) the salaries and allowances payable to, and other terms and conditions
of service of, the Chairperson and members of the Board under sub-section
(5) of section 189;
(ze) the other functions of the Board under clause (u) of sub-section (1) of
section 196;
(zf) the other funds under clause (c) of sub-section (1) of section 222;
(zg) the other purposes for which the fund shall be applied under clause (d)
of sub-section (2) of section 222;
(zh) the form in which annual statement of accounts shall be prepared under
sub-section (1) of section 223;
(zi) the purpose for which application for withdrawal of funds may be made
under sub-section (3) of section 224;
(zj) the manner of administering the fund under sub-section (4) of section
224;
(zk) the manner of conducting insolvency and liquidation proceedings under
section 227;
(zl) the form and the time for preparing budget by the Board under section
228;
(zm) the form and the time for preparing annual report under sub-section (1)
of section 229;
(zn) the time up to which a person appointed to any office shall continue to
hold such office under clause (vi) of sub-section (2) of section 243.