TMI BlogInsolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2017X X X X Extracts X X X X X X X X Extracts X X X X ..... BANKRUPTCY BOARD OF INDIA (INSOLVENCY RESOLUTION PROCESS FOR CORPORATE PERSONS) (THIRD AMENDMENT) REGULATIONS, 2017 No. IBBI/2017-18/GN/REG019 .-In exercise of the powers conferred by clause (t) of sub-section (1) of Section 196 read with section 240 of the Insolvency and Bankruptcy, Code, 2016 (31 of 2016) , the Insolvency and Bankruptcy Board of India hereby makes the following regulat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ns to enable the committee to assess the credibility of such applicant and other connected persons to take a prudent decision while considering the resolution plan for its approval. Explanation : For the purposes of this sub-regulation,- (i) details shall include the following in respect of the resolution applicant and other connected person, namely:- (a) identity; (b) conviction ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... agement or control of the business the corporate debtor during the implementation of the resolution plan; (c) holding company, subsidiary company, associate company and related party of the persons referred to in items (a) and (b) . . 3. In the principal regulations, in regulation 39 , for sub-regulation (2) ,the following sub-regulation shall be substituted, namely:- (2) The resolution ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y vide notification No. IBBI/2016-17/GN/REG004 on 30th November, 2016 and was subsequently by- (1) the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2017 vide notification No. IBBI/2017-18/GN/REG013, dated the 16th August, 2017 ; (2) The Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corp ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
