Regulation 2 - Definitions - Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations, 2017

Definitions 2. (1) In these regulations, unless the context otherwise requires - (a) associated person means a proprietor, partner, director, officer, or an employee of a service provider, a professional or a valuer engaged by a service provider or any other person acting for or on behalf of a service provider under inspection or investigation; (b) Code means the Insolvency and Bankruptcy Code, 2016 (31 of 2016); (c) Disciplinary Committee means a committee of whole time member(s) constituted by the Board under sub-section (1) of section 220 of the Code: Provided that the whole time member(s) in the Disciplinary Committee shall not be associated with the investigation or inspection; (d) electronic form shall have the same meaning as assigned to it in clause (r) of section 2 of the Information Technology Act, 2000 (21 of 2000); (e) Investigating Authority means an officer or a team of officers of the Board, which has been directed by the Board, to conduct the investigation of a service provider; (f) Inspecting Authority means an officer or a team of officers of the Board, which has been directed by the Board, to conduct the inspection of a service provider; (g) noticee means a service provider or an associated person who is alleged to have contravened any provision of the Code, or the rules, regulations or guidelines made thereunder; (h) record means the books of accounts, registers, documents, call records and other records, whether maintained in electronic form or otherwise, of a service provider and its associated person; (i) section means section of the Code; 1 [ **** ] (j) service provider means insolvency professional agency, insolvency professional, insolvency professional entity or information utility 2 [ ; and ] 3 [ (k) stakeholder means a stakeholder as defined in clause (j) of sub-regulation (1) of regulation 2 of the Insolvency and Bankruptcy Board of India (Grievance and Complaint Handling Procedure) Regulations, 2017. ] (2) The words and expressions used and not defined in these regulations, but defined in the Code, shall have the same meaning assigned to them in the Code. ************* NOTES:- 1. Omitted vide Notification No. IBBI/2022-23/GN/REG087 dated 14-06-2022 before it was read as, and 2. Substituted vide Notification No. IBBI/2022-23/GN/REG087 dated 14-06-2022 before it was read as, . 3. Inserted vide Notification No. IBBI/2022-23/GN/REG087 dated 14-06-2022