The Insolvency and Bankruptcy Board of India (IBBI), in exercise of its powers conferred under section 240 of the Insolvency and Bankruptcy Code, 2016, has notified the following two regulations yesterday:
The Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016, and
The Insolvency and Bankruptcy Board of India (Insolvency Professional Agencies) Regulations, 2016.
These two regulations inter alia provide for the eligibility norms to be a Professional Member of an Insolvency Professional Agency and also for eligibility norms to be registered with the IBBI as an Insolvenc…
Read the full article at: http://www.business-standard.com/article/news-cm/insolvency-and-bankruptcy-board-ibbi-of-india-notifies-two-regulations-116112300325_1.html