Section 203 - Governing Board of insolvency professional agency. - Insolvency and Bankruptcy Code, 2016

Governing Board of insolvency professional agency. 203. The Board may, for the purposes of ensuring that every insolvency pro-fessional agency takes into account the objectives sought to be achieved under this Code, make regulations to specify- (a) the setting up of a governing board of an insolvency professional agency; (b) the minimum number of independent members to be on the governing board of the insolvency professional agency; and (c) the number of the insolvency professionals being its members who shall be on the governing board of the insolvency professional agency. ********* Notes:- 1. Come into the force w.e.f. 15-11-2016 [F. N. 30/7/2016-Insolvency Section] S.O. 3453(E) dated 15-11-2016