The Sick Industrial Companies (Special Provisions) Act, 1985 with Rules

The Sick Industrial Companies (Special Provisions) Act, 1985 with Rules

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Author : Commercial Law Publishers
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This edition of The Sick Industrial Companies (Special Provisions) Act, 1985 (Act 1 of 1986, dated 8-1-1986), updated for 2026, serves as a comprehensive and authoritative legal reference for students, corporate professionals, financial institutions, and legal practitioners dealing with industrial sickness and corporate restructuring. The book presents the bare text of the law along with short comments, offering clarity and practical understanding while preserving the statutory framework as enacted.

In addition to the principal Act, this volume includes:
• The Sick Industrial Companies (Special Provisions) Repeal Act, 2003
• Board for Industrial and Financial Reconstruction Regulations, 1987
• Board for Industrial and Financial Reconstruction (Conditions of Service of Secretary and other Officers and Employees) Rules, 1987
• Board for Industrial and Financial Reconstruction (Financial and Administrative Powers) Rules, 1987
• Board for Industrial and Financial Reconstruction (Salaries & Allowances and Conditions of Service of Chairman and other Members) Rules, 1987
• Board for Industrial and Financial Reconstruction (Secretary’s Powers and Duties) Rules, 1987
• Appellate Authority for Industrial and Financial Reconstruction (Conditions of Service of the Secretary and other Officers and Employees) Rules, 1989
• Appellate Authority for Industrial and Financial Reconstruction (Financial and Administrative Powers) Rules, 1987
• Appellate Authority for Industrial and Financial Reconstruction (Secretary’s Powers and Duties) Rules, 1988

The text incorporates all relevant legislative updates as applicable in 2026, ensuring alignment with the legal framework governing the detection, revival, and rehabilitation of sick industrial companies.

The content comprehensively covers:
• Definitions and Determination of Sick Industrial Companies
• Constitution and Powers of the Board for Industrial and Financial Reconstruction (BIFR)
• Inquiry and Revival Proceedings
• Preparation and Sanction of Rehabilitation Schemes
• Powers relating to Amalgamation, Reconstruction, and Financial Restructuring
• Suspension of Legal Proceedings and Relief Measures
• Role and Jurisdiction of the Appellate Authority
• Administrative, Financial, and Service Regulations of the Authorities
• Repeal and Transitional Provisions

This edition is particularly suitable for:
• Law students and judicial service aspirants
• Corporate lawyers and insolvency professionals
• Chartered accountants and financial consultants
• Banking and financial institution officers
• Academicians and researchers in corporate and industrial law

Whether used for academic study, professional reference, or regulatory compliance, this 2026 edition provides a reliable and updated compilation of the Sick Industrial Companies (Special Provisions) Act, 1985, along with allied rules and regulations, delivering clarity, precision, and practical utility.

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Shipping & Returns

Shipping
Orders are shipped within 3–5 working days (exceptions may occur). Deliveries within Delhi usually take 3–5 working days post-shipment, while deliveries outside Delhi may take 4–5 working days. International shipping is not available at present. Once your package has been dispatched, you will receive a confirmation email with a tracking number to monitor your order.

Returns
We do not accept returns or exchanges for books once sold. A return or replacement is only possible if the book delivered is damaged or if the wrong book has been sent. In such cases, customers are requested to contact us within 7 days of delivery with order details and proof (such as a photo of the book). Refunds will be processed once the returned books are received and inspected, and the amount will be credited in the original form of payment within 7 working days. Shipping charges will not be refunded unless the return is due to our error.

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About the author

Commercial Law Publishers

Commercial Law Publishers

Commercial has been bold enough to bring out Books, Commentaries and Referencers on hitherto untouched subjects like Legal Metrology. It has a record number of publications on excise and customs; several titles on direct taxes as well as Sales Tax.

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