Advisory committee rules establish composition, term limits, meeting quorum, fee entitlement and conduct obligations under the insolvency framework. The regulations create subject-specific Advisory Committees to advise the Board, require committees to include Professional and General Members in an approximate 2:1 ratio, limit membership to one committee at a time and terms to three years with reappointment permitted, and designate a General Member as Chairperson and a senior officer as Secretary (who may speak but not vote). Meetings require fifty percent of existing strength for quorum, the Secretary convenes and records meetings, the Chairperson sets the agenda, members receive a sitting fee and travel reimbursement, must maintain confidentiality, and must disclose and abstain from matters where they have an interest.
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.
Advisory committee rules establish composition, term limits, meeting quorum, fee entitlement and conduct obligations under the insolvency framework.
The regulations create subject-specific Advisory Committees to advise the Board, require committees to include Professional and General Members in an approximate 2:1 ratio, limit membership to one committee at a time and terms to three years with reappointment permitted, and designate a General Member as Chairperson and a senior officer as Secretary (who may speak but not vote). Meetings require fifty percent of existing strength for quorum, the Secretary convenes and records meetings, the Chairperson sets the agenda, members receive a sitting fee and travel reimbursement, must maintain confidentiality, and must disclose and abstain from matters where they have an interest.
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