Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Amendment) Regulations, 2024

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..... 24 No. IBBI/2023-24/GN/REG110.--In exercise of the powers conferred by clauses (aa) and (t) of sub-section (1) of section 196, section 208 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 Bankruptcy Board of India (Insolvency Professionals) Regulat .....

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..... pproval of the Adjudicating Authority. Explanation.- The insolvency professional shall continue to discharge his duties, functions and responsibilities till the approval of resignation by the Adjudicating Authority." (ii) in clause 23B, the following Explanation shall be inserted, namely: - "Explanation.- For the purposes of this clause, the insolvency professional which is an insolvency pro .....

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..... kruptcy Board of India (Insolvency Professionals) Regulations, 2016 were published vide notification No. IBBI/2016-17/GN/REG003 dated 23rd November, 2016 in the Gazette of India, Extraordinary, Part III, Section 4, No. 424 on 23rd November, 2016 and were last amended by the Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Second Amendment) Regulations, 2023 published vide notif .....

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