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Section247
The Insolvency and Bankruptcy Code, 2016

Amendments of Act 43 of 1961

In force Act 31 of 2016 As on 20 Oct 2026

Act 31 of 2016 Ministry Corporate Affairs Enacted 28 May 2016 Instruments 6

Section 247 of the Insolvency and Bankruptcy Code, 2016 deals with amendments of Act 43 of 1961. The Income- tax Act, 1961 shall be amended in the manner specified in the Third Schedule. The Act was enacted on 28 May 2016.

The Income- tax Act, 1961 shall be amended in the manner specified in the Third Schedule.

Section 247, The Insolvency and Bankruptcy Code, 2016 (Act 31 of 2016).

Made under this section, and citing it

6 instruments state that it was made under this provision — the power to make it comes from here, so a change to any of them changes what this section requires in practice. Newest first.

All subordinate legislation

Questions about Section 247

What does Section 247 of the Insolvency and Bankruptcy Code deal with?

Section 247 of the Insolvency and Bankruptcy Code is headed "Amendments of Act 43 of 1961". The Income- tax Act, 1961 shall be amended in the manner specified in the Third Schedule.

How do I find court cases under Section 247 of the Insolvency and Bankruptcy Code?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Insolvency and Bankruptcy Code 247, section 247 Insolvency and Bankruptcy Code, section 247 of the Insolvency and Bankruptcy Code. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 247 of the Insolvency and Bankruptcy Code, and has it changed?

The rules and notifications made under it are where it actually bites, and there are 6: most recently The Companies (Registered Valuers and Valuation) Amendment Rules, 2018 (2018), then The Companies (Registered Valuers and Valuation) Fourth Amendment Rules, 2018 (2018), and 4 more.

When was Section 247 of the Insolvency and Bankruptcy Code enacted?

Section 247 of the Insolvency and Bankruptcy Code, cited as Insolvency and Bankruptcy Code 247, was enacted on 28 May 2016 as Act 31 of 2016. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 20 Oct 2026. This page is not a substitute for legal advice.