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        IBC

        Regulation 16 - Amendment to bye-laws

        Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017
        Chapter IV
        TECHNICAL STANDARDS AND BYE-LAWS

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        Amendment to bye-laws: supermajority board vote triggers Board approval and prescribed filing and effectiveness timelines. Bye-law amendments require a Governing Board resolution adopted by votes in favour of at least three times those against, to be filed with the Board within seven days for approval; amendments become effective on the seventh day after the Board's approval unless directed otherwise, and a printed copy of the effective amended bye-laws must be filed within fifteen days. The Board may also direct an information utility to amend any bye-law provision.
                          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.

                                Amendment to bye-laws: supermajority board vote triggers Board approval and prescribed filing and effectiveness timelines.

                                Bye-law amendments require a Governing Board resolution adopted by votes in favour of at least three times those against, to be filed with the Board within seven days for approval; amendments become effective on the seventh day after the Board's approval unless directed otherwise, and a printed copy of the effective amended bye-laws must be filed within fifteen days. The Board may also direct an information utility to amend any bye-law provision.


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