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TMI BlogInsolvency and Bankruptcy Board of India (Insolvency Professionals) (Amendment) Regulations, 2020.X X X X Extracts X X X X X X X X Extracts X X X X ..... 0 No. IBBI/2020-21/GN/REG057.- In exercise of the powers conferred by sections 196, 207 and 208 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 the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016, namely: - 1. (1) These regulat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the case may be, on and from the date of commencement of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Amendment) Regulations, 2020 and ending on the 31st December 2020, the insolvency professional entity shall inform the Board, within thirty days of such cessation;"; (ii) in clause (c), the following shall be inserted, namely: - "Provided that when an individual joi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d vide notification No. IBBI/2016-17/GN/REG003 dated 23rd November, 2016 in the Gazette of India, Extraordinary, Part III, Section 4, No. 424 on 23rd November, 2016 and were subsequently amended by- (1) The Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Amendment) Regulations, 2018 published vide notification No. IBBI/2017-18/GN/REG027 dated 27th March, 2018 in Gazette of In ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h October 2019 in Gazette of India, Extraordinary, Part III, Section 4, No.367 on 25th October 2019. Explanatory Memorandum The Governing Board of the Insolvency and Bankruptcy Board of India decided on 28th March, 2020 to amend the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016. The notification amending the regulations could not be published in the Gazett ..... X X X X Extracts X X X X X X X X Extracts X X X X
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