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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Insolvency Board employees must report property transactions, seek approval for certain dealings per Regulation 48.</h1> Regulation 48 of the Insolvency and Bankruptcy Board of India (Employees' Service) Regulations, 2017 mandates employees to adhere to directions from the Central Government under the Lokpal and Lokayuktas Act, 2013. Employees must notify the Board before acquiring or disposing of immovable property and report transactions involving movable property exceeding two months' basic pay within 30 days. Prior approval is required for transactions with individuals having official dealings. The Board can demand a detailed statement of property held by the employee or family members, including acquisition sources, at any time.
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