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The Goa, Daman and Diu (Extension of the Provincial Insolvency Act) Act, 1968

The Goa, Daman and Diu (Extension of the Provincial Insolvency Act) Act, 1968

Corporate19675 sections

This law extends the Provincial Insolvency Act of 1920 to the Union territory of Goa, Daman, and Diu. It amends the old law to include new rules for handling debt, specifically by introducing a formal "insolvency notice" that debtors must receive before facing legal consequences. The changes also update court names to reflect the local administration and ensure that debtors have a clear process to follow if they cannot pay what they owe. This provides a legal framework for managing bankruptcy and debt recovery in the region.

Start reading →Read full ActSections
  1. 1. Short title and commencement
  2. 2. Extension and amendment of Provincial Insolvency Act, 1920
  3. 3. Amendment of Central Act 5 of 1920
  4. 4. Repeal and savings
  5. 5. Rules of construction

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