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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Section 222: Establishment of Insolvency and Bankruptcy Board Fund for Grants, Fees, Salaries, and Operational Expenses.</h1> Section 222 of the Insolvency and Bankruptcy Code, 2016 establishes the Fund of the Insolvency and Bankruptcy Board. This Fund will include all grants, fees, and charges received by the Board, sums from other sources as determined by the Central Government, and additional funds specified by the Board or prescribed by the government. The Fund is used to cover salaries, allowances, and remuneration for Board members and employees, expenses related to the Board's functions under section 196, and other authorized purposes under the Code. It came into effect on August 19, 2016.
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