Section 244 in The Insolvency and Bankruptcy Code, 2016

Title: Transitional provisions.

Description: (1) Until the Board is constituted or a financial sector regulator is designated under section 195, as the case may be, the powers and functions of the Board or such designated financial sector regulator, including its power to make regulations, shall be exercised by the Central Government. (2) Without prejudice to the generality of the power under sub-section (1), the Central Government may by regulations provide for the following matters: (a) recognition of persons, categories of professionals and persons having such qualifications and experience in the field of finance, law, management or insolvency as it deems necessary, as insolvency professionals and insolvency professional agencies under this Code; (b) recognition of persons with technological, statistical, and data protection capability as it deems necessary, as information utilities under this Code; and (c) conduct of the corporate insolvency resolution process, insolvency resolution process, liquidation process, fresh start process and bankruptcy process under this Code.

Title: Amendments of Act 9 of 1932.

Description: The Indian Partnership Act, 1932 shall be amended in the manner specified in the First Schedule

Title:  Amendments of Act 1 of 1944.

Description: The Central Excise Act, 1944 shall be amended in the manner specified in the Second Schedule.

Title: Amendments of Act 43 of 1961.

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

Title: Amendments of Act 52 of 1962.

Description: The Customs Act, 1962 shall be amended in the manner specified in the Fourth Schedule.

PART 5 MISCELLANEOUS