Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016 Chapter III GOVERNING BOARD
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Self-evaluation requirement: governing board must conduct annual performance review and publish the evaluation report publicly. Regulation 6 requires the Governing Board to evaluate its performance for each financial year within three months of year-end in the manner it decides, ... Summary
Self-evaluation requirement: governing board must conduct annual performance review and publish the evaluation report publicly.
Regulation 6 requires the Governing Board to evaluate its performance for each financial year within three months of year-end in the manner it decides, and obliges the insolvency professional agency to publish the self-evaluation report on its website, creating both an internal review duty and a public disclosure requirement.
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