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TMI BlogRe-Constitution of Insolvency Law Committee as Standinq Committee for review of implementation of Insolvency & Bankruptcy Code, 2016X X X X Extracts X X X X X X X X Extracts X X X X ..... Law Committee as Standing Committee for review of implementation of Insolvency & Bankruptcy Code, 2016 The provisions relating to insolvency resolution for corporate persons (Part II of the Insolvency and Bankruptcy Code, 2016), regulation of insolvency professionals, agencies, information utilities and establishment of the Insolvency and Bankruptcy Board of India (the Board) (Part IV of the Cod ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ncy, individual insolvency, group insolvency, avoidance action, Boards investigation powers & regulatory functions etc, it was considered prudent to have an advisory body for guidance & stakeholders consultations on the issues of implementation of code on continuous basis. 3.. Accordingly, in supersession of the Order No 35/14/2017 dated 16.11.2017, the Government hereby re-constitutes the Insolv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ember 11. President, Institute of Chartered Accountants of India (Vice-President in his/her absence) Member 12. President, Institute of Cost Accountants of India Vice-President in his/her absence Member 13. President, Institute of Company Secretaries of India Vice-President in his/her absence Member 14. Joint Secretary (Insolvency), Ministry of Corporate Affairs Member Secretary 3. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Committee may also consult other stakeholders as part of its deliberations. 5. The non-official members of the Committee shall be eligible for travelling, conveyance and other allowances as per extant government instructions, to be decided by Chairperson of the Committee. Secretarial/technical support to the Committee will be arranged by Ministry of Corporate Affairs or Insolvency and Bankruptcy ..... X X X X Extracts X X X X X X X X Extracts X X X X
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