Charter of Conduct for Members of Board
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....ich is likely to influence the decision of the Board in a matter, as viewed by an independent third party. (iii) "regulated entity" means an Insolvency Professional, an Insolvency Professional Entity, an Insolvency Professional Agency, or an Information Utility. (iv) "Whole Time Member" means a Whole Time Member of the Board and includes the Chairperson of the Board. 2. Words and expressions used and not defined in this Charter but defined in the Code shall have the meanings respectively assigned to them in the Code. Charter in addition to other provisions 3. This Charter is in addition to the provisions of section 193 of the Insolvency and Bankruptcy Code, 2016, the Insolvency and Bankruptcy Board of India (Salary, Allowance....
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....lose if he or his family has any dispute in respect of product or services availed from a regulated entity. Acceptance of gifts 9. (1) A Whole Time Member shall not accept any gift by whatever name called, to the extent possible, from a regulated entity. (2) A Whole Time Member shall hand over the gift, if he receives any and the value exceeds Rs. 5000, to the IBBI. Other disclosures 10. A Member shall disclose the following: (a) any post, other employment or fiduciary position which a Member holds, or has held in the past 5 years in connection with any regulated entity; (b) any other significant relationship, including a professional, personal, financial or family relationship held in connection with a regulated entity....
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