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.
Contextual Analysis & Regulatory Updates🔗
Read our latest analysis and critical updates on corporate circulars related to IBC:
IBBI Discussion Paper 2026: Guidance for Insolvency Professionals on Due Diligence to Detect Fraudulent or Malicious Initiation of CIRP
Published: 14 August 2026
MCA Invites Stakeholder Suggestions on Integrated Platform for Insolvency Ecosystem (iPIE) 2026
Published: 28 July 2026
IBBI Extends PGIRP Form Filing Deadline for Personal Guarantor Insolvency Cases to 30th September 2026
Published: 9 July 2026