TMI BlogInsolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2021X X X X Extracts X X X X X X X X Extracts X X X X ..... Insolvency and Bankruptcy Board of India (Model Bye- Laws and Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2021 No. IBBI/2020-2021/GN/REG068. -In exercise of the powers conferred by sections 196 , 203 and 205 read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Insolvency and Bankruptcy Board of India hereby makes the fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... reholder director shall be an individual, who satisfies the eligibility norms, including experience and qualification, as decided by the Governing Board. ; (ii) in sub-regulation (6), for clause (b), the following clause shall be substituted, namely:- (b) who has expertise in the field of finance, law, economics, accountancy, valuation, management or insolvency; ; (iii) after sub-regulat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ure of the year, in the manner decided by it. (2) The insolvency professional agency shall publish a report on self-evaluation referred to in sub-regulation (1) on its website. 7. Compliance Officer. (1) An insolvency professional agency shall designate or appoint a compliance officer who shall be responsible for ensuring compliance with the provisions of the Code and regulations, circu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ard of India (Model Bye- laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016 were published vide notification No. IBBI/2016-17/GN/REG001 dated 21st November, 2016 in the Gazette of India, Extraordinary, Part III, Section 4, No. 421 on 22 nd November, 2016 and were subsequently amended by- (1) The Insolvency and Bankruptcy Board of India (Model Bye- laws and Governi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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