IBC1 min read
Section 29A
Provision under IBC that disqualifies certain persons from submitting resolution plans, including wilful defaulters, undischarged insolvents, persons convicted of offences punishable with two years or more, and related parties of such persons.
Last updated: 17 May 2026
Frequently Asked Questions (FAQs)🔗
Q1. What is Section 29A in Indian corporate law?▼
Provision under IBC that disqualifies certain persons from submitting resolution plans, including wilful defaulters, undischarged insolvents, persons convicted of offences punishable with two years or more, and related parties of such persons.
Q2. Why is Section 29A important for compliance?▼
Section 29A is governed by the Insolvency and Bankruptcy Code, 2016 and regulated by IBBI. Understanding this concept is essential for ensuring regulatory compliance, avoiding penalties, and making informed corporate decisions in India.
Q3. Who should know about Section 29A?▼
Section 29A is relevant for company secretaries, compliance officers, chartered accountants, corporate lawyers, board members, and all professionals dealing with IBC regulatory matters in India.
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