Regulation 5 - Notice - Insolvency and Bankruptcy Board of India (Procedure For Governing Boards Meetings) Regulations, 2017

Notice 5. 1 [ (1) Not less than ten days notice shall ordinarily be given for each meeting of the Governing Board and such notice along with agenda shall be sent to every Member at his usual address in India or by e-mail, as furnished by him to the Board: Provided that if an urgent meeting of the Governing Board is required to be convened, ten days notice may be dispensed with by the Chairperson. ] (2) No business other than that for which the meeting has been convened shall be transacted at a meeting of the Governing Board, except with the permission of the Chairperson. *********** Notes 1. Substituted vide NOTIFICATION No. IBBI/2019-20/GN/REG042 dated 23-07-2019 before it was read as (1) Not less than seven days' notice shall ordinarily be given of each meeting of the Governing Board and such notice along with agenda papers shall be sent to every Member ordinarily seven working days in advance at his usual address in India or by e-mail, as furnished by him to the Board: Provided that if an urgent meeting of the Governing Board is required to be convened, seven days' notice may be dispensed with by the Chairperson subject to the condition that Members get sufficient notice to enable them to attend the meeting.