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of <h1>India's Insolvency Board Forms Advisory Committees for Expert Guidance; Members Serve 3-Year Terms with Reappointment Option.</h1> The Insolvency and Bankruptcy Board of India (Advisory Committee) Regulations, 2017, were established under the Insolvency and Bankruptcy Code, 2016. These regulations allow the Board to form Advisory Committees for expert advice on relevant issues. Committees may focus on service providers, corporate insolvency, individual insolvency, or other subjects. Each committee includes professional and general members, with a 2:1 ratio. Members serve a maximum of three years and can be reappointed. Meetings are convened by the Secretary, and members receive a sitting fee and expense reimbursement. Members must avoid public communication about committee matters and disclose any conflicts of interest.
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