INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (INSOLVENCY RESOLUTION PROCESS FOR CORPORATE PERSONS) (FOURTH AMENDMENT) REGULATIONS, 2018 - IBBI/2018-19/GN/REG032 - Insolvency and Bankruptcy
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Creditor meeting and voting: expanded electronic notice, minutes distribution, e voting procedures and record preservation obligations apply. The amendments require meeting notices to list discussion matters, voting issues, and provide relevant documents; mandate electronic circulation of minutes within forty eight hours and an extended electronic voting process for non voting members; require authorised representatives to circulate minutes and open a voting window for creditor instructions; and require authorised representatives to exercise votes by electronic means according to received instructions.
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Creditor meeting and voting: expanded electronic notice, minutes distribution, e voting procedures and record preservation obligations apply.
The amendments require meeting notices to list discussion matters, voting issues, and provide relevant documents; mandate electronic circulation of minutes within forty eight hours and an extended electronic voting process for non voting members; require authorised representatives to circulate minutes and open a voting window for creditor instructions; and require authorised representatives to exercise votes by electronic means according to received instructions.
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