Regulation 19 - Notice for meetings of the committee. - Insolvency and Bankruptcy Board of India (Insolvency Resolution Process For Corporate Persons) Regulations, 2016

Notice for meetings of the committee. 1 [ 19. (1) Subject to this Regulation, a meeting of the committee shall be called by giving not less than five days notice in writing to every participant, at the address it has provided to 2 [ the interim resolution professional or the resolution professional, as the case may be, ] and such notice may be sent by hand delivery, or by post but in any event, be served on every participant by electronic means in accordance with Regulation 20. (2) The committee may reduce the notice period from five days to such other period of not less than twenty-four hours, as it deems fit: Provided that the committee may reduce the period to such other period of not less than forty-eight hours if there is any authorised representative. ] ************* Notes 1. Substituted vide Notification No. IBBI/2018-19/GN/REG031 dated 03-07-2018 before it was read as 19. (1) Subject to this Regulation, a meeting of the committee shall be called by giving not less than seven days notice in writing to every participant, at the address it has provided to the resolution professional and such notice may be sent by hand delivery, or by post but in any event, be served on every participant by electronic means in accordance with Regulation 20. (2) The committee may reduce the notice period from seven days to such other period of not less than twenty four hours, as it deems fit. 2. Substituted vide Notification No. IBBI/2021-22/GN/REG075 dated 14-07-2021 before it was read as the resolution professional