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Home Acts & Rules Insolvency and Bankruptcy Act Insolvency and Bankruptcy Code, 2016 Chapters List Chapter II (of Part IV) POWERS AND FUNCTIONS OF THE BOARD This
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Section 196 - Powers and functions of Board. - Insolvency and Bankruptcy Code, 2016

Extract

..... on utilities; (c) levy fee or other charges 2[for carrying out the purposes of this Code, including fee for registration and renewal] of insolvency professional agencies, insolvency professionals and information utilities; (d) specify by regulations standards for the functioning of insolvency professional agencies, insolvency professionals and information utilities; (e) lay down by regulations the minimum curriculum for the examination of the insolvency professionals for their enrolment as members of the insolvency professional agencies; (f) carry out inspections and investigations on insolvency professional agencies, insolvency professionals and information utilities and pass such orders as may be required for compliance of the provisions .....

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Section 196 - Powers and functions of Board. - Insolvency and Bankruptcy Code, 2016

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..... ainst the aforesaid for compliance of the provisions of this Code and the regulations issued hereunder; (r) conduct periodic study, research and audit the functioning and performance of to the insolvency professional agencies, insolvency professionals and information utilities at such intervals as may be specified by the Board; (s) specify mechanisms for issuing regulations, including the conduct of public consultation processes before notification of any regulations; (t) make regulations and guidelines on matters relating to insolvency and bankruptcy as may be required under this Code, including mechanism for time bound disposal of the assets of the corporate debtor or debtor; and (u) perform such other functions as may be prescribed. (2) .....

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Section 196 - Powers and functions of Board. - Insolvency and Bankruptcy Code, 2016

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..... (k) the quantum of fee and the manner of collecting fee for inducting persons as its members; (l) the procedure for enrolment of persons as members of insolvency professional agency; (m) the manner of conducting examination for enrolment of insolvency professionals; (n) the manner of monitoring and reviewing the working of insolvency professional who are members; (o) the duties and other activities to be performed by members; (p) the manner of conducting disciplinary proceedings against its members and imposing penalties; (q) the manner of utilising the amount received as penalty imposed against any insolvency professional. (3) Notwithstanding anything contained in any other law for the time being in force, while exercising the powers unde .....

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Section 196 - Powers and functions of Board. - Insolvency and Bankruptcy Code, 2016

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  1. Notification No. IBBI/2021-22/GN/REG074 - Dated: 27-4-2021 - Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Second Amendment) Regulations, 2021
  2. Notification No. IBBI/2021-22/GN/REG073 - Dated: 27-4-2021 - Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Amendment) Regulations, 2021
  3. Notification No. IBBI/2021-22/GN/REG072 - Dated: 13-4-2021 - Insolvency and Bankruptcy Board of India (Information Utilities) (Amendment) Regulations, 2021
  4. Notification No. IBBI/2021-22/GN/REG071 - Dated: 9-4-2021 - Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021
  5. Notification No. IBBI/2020-21/GN/REG070 - Dated: 15-3-2021 - Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2021
  6. Notification No. F. No. IBBI/2020-21/GN/REG069 - Dated: 4-3-2021 - Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2021
  7. Notification No. IBBI/2020-2021/GN/REG068 - Dated: 14-1-2021 - Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2021
  8. Notification No. IBBI/2020-21/GN/REG065 - Dated: 13-11-2020 - Insolvency and Bankruptcy Board of India (Information Utilities) (Amendment) Regulations, 2020
  9. Notification No. IBBI/2020-21/GN/REG 066 - Dated: 13-11-2020 - Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fifth Amendment) Regulations, 2020
  10. Notification No. IBBI/2020-21/GN/REG067 - Dated: 13-11-2020 - Insolvency and Bankruptcy Board of India (Liquidation Process) (Fourth Amendment) Regulations, 2020
  11. Notification No. IBBI/2020-21/GN/REG064 - Dated: 7-8-2020 - Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2020.
  12. Notification No. IBBI/2020-21/GN/REG062 - Dated: 5-8-2020 - Insolvency and Bankruptcy Board of India (Liquidation Process) (Third Amendment) Regulations, 2020
  13. Notification No. IBBI/2020-21/GN/REG.063 - Dated: 5-8-2020 - Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) (Second Amendment) Regulations, 2020
  14. Notification No. IBBI/2020-21/GN/REG061 - Dated: 30-6-2020 - Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Second Amendment) Regulations, 2020.
  15. Notification No. IBBI/2020-21/GN/REG060 - Dated: 20-4-2020 - Insolvency and Bankruptcy Board of India (Liquidation Process) (Second Amendment) Regulations, 2020
  16. Notification No. IBBI/2020-21/GN/REG059 - Dated: 20-4-2020 - Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2020.
  17. Notification No. IBBI/2020-21/GN/REG058 - Dated: 20-4-2020 - Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2020
  18. Notification No. IBBI/2020-21/GN/REG057 - Dated: 20-4-2020 - Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Amendment) Regulations, 2020.
  19. Notification No. IBBI/2020-21/GN/REG056 - Dated: 20-4-2020 - Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2020.
  20. Notification No. IBBI/2019-20/GN/REG055 - Dated: 12-2-2020 - Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2020
  21. Notification No. IBBI/2019-20/GN/REG054 - Dated: 15-1-2020 - Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) (Amendment) Regulations, 2020
  22. Notification No. IBBI/2019-20/GN/REG053 - Dated: 6-1-2020 - Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2020.
  23. Notification No. IBBI/2019-20/GN/REG052 - Dated: 27-11-2019 - Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2019.
  24. Notification No. IBBI/2019-20/GN/REG051 - Dated: 20-11-2019 - Insolvency and Bankruptcy Board of India (Bankruptcy Process for Personal Guarantors to Corporate Debtors) Regulations, 2019
  25. Notification No. IBBI/2019-20/GN/REG050 - Dated: 20-11-2019 - Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Regulations, 2019
  26. Notification No. IBBI/2019-20/GN/REG049 - Dated: 25-10-2019 - Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Second Amendment) Regulations, 2019
  27. Notification No. IBBI/2019-20/GN/REG047 - Dated: 25-7-2019 - Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2019
  28. Notification No. IBBI/2019-20/GN/REG046 - Dated: 25-7-2019 - The Insolvency and Bankruptcy Board of India (Information Utilities) (Amendment) Regulations, 2019
  29. Notification No. IBBI/2019-20/GN/REG048 - Dated: 25-7-2019 - Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2019
  30. Notification No. IBBI/2019-20/GN/REG045 - Dated: 23-7-2019 - Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Amendment) Regulations, 2019
  31. Notification No. IBBI/2019-20/GN/REG044 - Dated: 23-7-2019 - Insolvency and Bankruptcy Board of India (Insolvency Professional Agencies) (Amendment) Regulations, 2019
  32. Notification No. IBBI/2019-20/GN/REG043 - Dated: 23-7-2019 - Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2019
  33. Notification No. IBBI/2019-20/GN/REG040 - Dated: 24-1-2019 - Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2019
  34. Notification No. IBBI/2019-20 /GN/REG039 - Dated: 15-1-2019 - INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (VOLUNTARY LIQUIDATION PROCESS) (AMENDMENT) REGULATIONS, 2019
  35. Notification No. IBBI/2018-19/GN/REG038 - Dated: 22-10-2018 - Insolvency and Bankruptcy Board of India (Mechanism for Issuing Regulations) Regulations, 2018
  36. Notification No. IBBI/2018-19/GN/REG037 - Dated: 22-10-2018 - Insolvency and Bankruptcy Board of India (Liquidation Process) (Second Amendment) Regulations, 2018
  37. Notification No. IBBI/2018-19/GN/REG36 - Dated: 11-10-2018 - Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Second Amendment) Regulations, 2018
  38. Notification No. IBBI/2018-19/GN/REG33 - Dated: 11-10-2018 - INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (INSOLVENCY PROFESSIONAL AGENCIES) (AMENDMENT) REGULATIONS, 2018
  39. Notification No. IBBI/2018-19/GN/REG34 - Dated: 11-10-2018 - INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (INFORMATION UTILITIES) (SECOND AMENDMENT) REGULATIONS, 2018
  40. Notification No. IBBI/2018-19/GN/REG35 - Dated: 11-10-2018 - INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (MODEL BYE-LAWS AND GOVERNING BOARD OF INSOLVENCY PROFESSIONAL AGENCIES) (AMENDMENT) REGULATIONS, 2018
  41. Notification No. IBBI/2018-19/GN/REG032 - Dated: 5-10-2018 - INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (INSOLVENCY RESOLUTION PROCESS FOR CORPORATE PERSONS) (FOURTH AMENDMENT) REGULATIONS, 2018
  42. Notification No. IBBI/2018-19/GN/REG031 - Dated: 3-7-2018 - Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2018
  43. Notification No. No. IBBI/2017-18/GN/REG030 - Dated: 27-3-2018 - Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2018
  44. Notification No. No. IBBI/2017-18/GN/REG028 - Dated: 27-3-2018 - Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2018
  45. Notification No. IBBI/2017-18/GN/REG 029 - Dated: 27-3-2018 - INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (INFORMATION UTILITIES (AMENDMENT) REGULATIONS, 2018
  46. Notification No. IBBI/2017-18/GN/REG027 - Dated: 27-3-2018 - Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Amendment) Regulations, 2018
  47. Notification No. No. IBBI/2017-18/GN/REG/025 - Dated: 7-2-2018 - Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2018
  48. Notification No. No. IBBI/2017-18/GN/REG024 - Dated: 6-2-2018 - Insolvency And Bankruptcy Board Of India (Insolvency Resolution Process For Corporate Persons) (Amendment) Regulations, 2018
  49. Notification No. IBBI/2017-18/GN/REG014 - Dated: 16-8-2017 - Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2017
  50. Notification No. IBBI/2017-18/GN/REG013 - Dated: 16-8-2017 - Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2017
  51. Notification No. IBBI/2017-18/GN/REG016 - Dated: 29-9-2017 - Insolvency and Bankruptcy Board of India (Information Utilities) (Amendment) Regulations, 2017
  52. Notification No. IBBI/2017-18/GN/REG017 - Dated: 5-10-2017 - Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process For Corporate Persons) (Second Amendment) Regulations, 2017
  53. Notification No. IBBI/2017-18/GN/REG018 - Dated: 5-10-2017 - Insolvency and Bankruptcy Board of India (Insolvency Resolution Process For Corporate Persons) (Second Amendment) Regulations, 2017
  54. Notification No. IBBI/2017-18/GN/REG020 - Dated: 7-11-2017 - Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2017
  55. Notification No. IBBI/2017-18/GN/REG019 - Dated: 7-11-2017 - Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2017
  56. Notification No. IBBI/2017-18/GN/REG/21 - Dated: 6-12-2017 - Insolvency and Bankruptcy Board of India (Grievance and Complaint Handling Procedure) Regulations, 2017
  57. Notification No. IBBI/2017-18/GN/REG23 - Dated: 31-12-2017 - Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2017
  58. Notification No. IBBI/2017-18/GN/REG22 - Dated: 31-12-2017 - Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2017
  59. Notification No. F. No. 30/7/2016-Insolvency Section - S.O. 3355(E) - Dated: 1-11-2016 - Central Government appoints the 01st of November, 2016 as the date on which the provisions of Various sections of the Insolvency and Bankruptcy Code,...

 

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