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of <h1>New Rules Define Key Terms for Insolvency and Bankruptcy Board Governance, Referencing Insolvency and Bankruptcy Code, 2016.</h1> The Insolvency and Bankruptcy Board of India (Salary, Allowances and other Terms and Conditions of Service of Chairperson and members) Rules, 2016, outlines definitions relevant to the governance of the Board. It defines the 'Code' as the Insolvency and Bankruptcy Code, 2016, the 'Board' as the Insolvency and Bankruptcy Board of India, the 'Chairperson' as the appointed leader of the Board, and 'whole-time member' as a board member appointed under specific provisions of the Code. Terms not defined in these rules will have the meanings assigned in the Code.
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