TaxTMI 
TaxTMI 
Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2021
X X X X Extracts X X X X
X X X X Extracts X X X X
....Board of India (Model Bye- Laws and Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2021 No. IBBI/2020-2021/GN/REG068.-In exercise of the powers conferred by sections 196, 203 and 205 read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Insolvency and Bankruptcy Board of India hereby makes the following regulations further to amend th....
X X X X Extracts X X X X
X X X X Extracts X X X X
....shall be an individual, who satisfies the eligibility norms, including experience and qualification, as decided by the Governing Board."; (ii) in sub-regulation (6), for clause (b), the following clause shall be substituted, namely:- "(b) who has expertise in the field of finance, law, economics, accountancy, valuation, management or insolvency;"; (iii) after sub-regulat....
X X X X Extracts X X X X
X X X X Extracts X X X X
....three months of the closure of the year, in the manner decided by it. (2) The insolvency professional agency shall publish a report on self-evaluation referred to in sub-regulation (1) on its website. 7. Compliance Officer. (1) An insolvency professional agency shall designate or appoint a compliance officer who shall be responsible for ensuring compliance with the provi....
X X X X Extracts X X X X
X X X X Extracts X X X X
....y./459/2020-21] Note: The Insolvency and Bankruptcy Board of India (Model Bye- laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016 were published vide notification No. IBBI/2016-17/GN/REG001 dated 21st November, 2016 in the Gazette of India, Extraordinary, Part III, Section 4, No. 421 on 22^nd November, 2016 and were subsequently amended by- (1) The Insolvency and....