In force · As amended up to 2026-08
79. Power to make rules. —[1] [(1) The High Court may, with the previous sanction of the State Government, make rules for carrying into effect the provisions of this Act.]
(2) In particular and without prejudice to the generality of the foregoing power, such rules may provide-
2 [(a) the form of the insolvency noice under clause (a), and the manner in which such notice may be served under clause (b), of sub-section (3) of section 6;]
3 [(aa)] for the appointment and remuneration of receivers (other than Official Receivers), the audit of the account of all receivers and the costs of such audit,[4]
(b) for meetings of creditors,
(c) for the procedure to be followed where the debtor is a firm,[5] *
(d) for the procedure to be followed in the case of estates to be administered in a summary manner,[6] [and (e) for any matter which is to be or may be prescribed.]
(3) All rules made under this section shall be published[7] * in the Official Gazette,[8] * and shall, on such publication, have effect as if enacted in this Act.
Source: India Code