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Insolvency and Bankruptcy Board of India (Mechanism for Issuing Regulations) Regulations, 2018 - IBBI/2018-19/GN/REG038 - Insolvency and Bankruptcy

Extract

..... of India (Mechanism for Issuing Regulations) Regulations, 2018. (2) Save as otherwise provided, these regulations shall come into force on the date of their publication in the Official Gazette. (3) These regulations shall not apply to regulations made by the Board in respect of organizational matters. 2. Definitions. (1) In these regulations, unless the context otherwise requires,- (a) “Advisory Committee” means an advisory committee constituted by the Board under section 197 of the .....

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Insolvency and Bankruptcy Board of India (Mechanism for Issuing Regulations) Regulations, 2018 - IBBI/2018-19/GN/REG038 - Insolvency and Bankruptcy

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..... ation 5; (e) a statement carrying norms advocated by international standard setting agencies and the international best practices, if any, relevant to the proposed regulation; (f) the manner of implementation of the proposed regulations; and (g) the manner, process and timelines for receiving comments from the public. (2) The Board shall allow at least twenty one days for public to submit their comments. (3) The Board shall consider the public comments received and upload the same on its website .....

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Insolvency and Bankruptcy Board of India (Mechanism for Issuing Regulations) Regulations, 2018 - IBBI/2018-19/GN/REG038 - Insolvency and Bankruptcy

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..... irectly and indirectly on account of the proposed regulation; and (b) how the proposed regulations further strengthen the objectives of the Code. CHAPTER III AMENDMENT AND REVIEW OF REGULATIONS 6. Amendment of Regulations. An amendment to any regulations shall be made in compliance with the provisions of regulations 4 and 5. 7. Review of Regulations. The Board shall review each regulation every three years unless a review is warranted earlier and amend or repeal any regulation, keeping in view- .....

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Insolvency and Bankruptcy Board of India (Mechanism for Issuing Regulations) Regulations, 2018 - IBBI/2018-19/GN/REG038 - Insolvency and Bankruptcy

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