Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2018

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..... IBBI/2017-18/GN/REG028 -In exercise of the powers conferred by clause (t) of sub-section (1) of section 196 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 to amend the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, namely: - 1. (1) These regulatio .....

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..... m finance, whichever is lower.". 3. In the principal regulations, in regulation 3, in sub-regulation (1), in clause (c), in sub-clause (i), for the words 'company secretaries', the words 'secretarial auditors' shall be substituted. 4. In the principal regulations, in regulation 32, - (I) in clause (b), for sub-clause (iii), the following sub-clause shall be substituted, namely:- "(iii) the as .....

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