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        IBC

        Regulation 13 - Manner and form in which contracts may be executed

        Insolvency and Bankruptcy Board of India (Procedure For Governing Boards Meetings) Regulations, 2017
        Chapter V
        Contracts

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        Contract execution requires written signature by authorised board members or officers to bind the Board. Regulation 13 requires contracts on behalf of the Board to be in writing and signed by a Member, an Officer, or a person acting under the Board's express or implied authority; related documents may be signed and verified by an Officer authorised by the Chairperson, and contracts executed under these provisions are valid and binding on the Board.
                          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.

                                Contract execution requires written signature by authorised board members or officers to bind the Board.

                                Regulation 13 requires contracts on behalf of the Board to be in writing and signed by a Member, an Officer, or a person acting under the Board's express or implied authority; related documents may be signed and verified by an Officer authorised by the Chairperson, and contracts executed under these provisions are valid and binding on the Board.


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