Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016 Chapter II BYE LAWS
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Bye law amendment procedure requires a supermajority, prompt filing and Board approval before amendments take effect. Amendment of bye-laws requires a resolution with votes in favour not less than three times those against; the resolution must be filed with the Board ... Summary
Bye law amendment procedure requires a supermajority, prompt filing and Board approval before amendments take effect.
Amendment of bye-laws requires a resolution with votes in favour not less than three times those against; the resolution must be filed with the Board within seven days for approval; and amendments take effect on the seventh day after receipt of the Board's approval unless the Board specifies otherwise.
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