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        IBC

        Section 194 - Vacancies, etc., not to invalidate proceedings of Board, Officers and employees of Board.

        Insolvency and Bankruptcy Code, 2016
        Chapter I (of Part IV)
        THE INSOLVENCY AND BANKRUPTCY BOARD OF INDIA

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        Validity of board proceedings unaffected by vacancies or defects; board may appoint staff with terms fixed by regulations. No act or proceeding of the Board shall be invalid merely for vacancy, defect in constitution, defect in appointment of a member, or procedural irregularity not affecting the merits. The Board may appoint officers and employees as necessary, and their salaries, allowances and other terms and conditions of service shall be specified by regulations.
                    Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                      Provisions expressly mentioned in the judgment/order text.

                          Validity of board proceedings unaffected by vacancies or defects; board may appoint staff with terms fixed by regulations.

                          No act or proceeding of the Board shall be invalid merely for vacancy, defect in constitution, defect in appointment of a member, or procedural irregularity not affecting the merits. The Board may appoint officers and employees as necessary, and their salaries, allowances and other terms and conditions of service shall be specified by regulations.


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