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of <h1>Insolvency and Bankruptcy Board of India sets regulations for advisory committees under sections 197 and 240 of the Code.</h1> The Insolvency and Bankruptcy Board of India (Advisory Committee) Regulations, 2017, are established under the authority granted by section 197 and section 240 of the Insolvency and Bankruptcy Code, 2016. These regulations are officially titled as such and became effective upon their publication in the Official Gazette on January 30, 2017. The regulations pertain to the governance framework for advisory committees under the Insolvency and Bankruptcy Board of India.
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