Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) (Second Amendment) Regulations, 2020

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..... ia (Voluntary Liquidation Process) (Second Amendment) Regulations, 2020 No. IBBI/2020-21/GN/REG.063. -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 regulations further to amend the Insolvency and Ba .....

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..... r clause (c) of sub-section (3) of section 59 or clause (c) of sub-regulation (1) of regulation 3, as the case may be: Provided that such resolution shall contain the terms and conditions of appointment of the liquidator, including the remuneration payable to him. (2) The insolvency professional shall, within three days of his appointment as liquidator, intimate the Board about such appoint .....

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